Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive moves dominate the DAX index, to record its highest-level during morning trading for the current session at 12785.
Technically, looking at the 60-minute chart, we see that the RSI is stable above the Midline with a positive motive of the 50-days moving average.
We believe that we are witnessing a bullish bias on short time frames, with an initial target of 12810 followed by 12870.
On the downside, trading below 12675 negates attempts to rise, and we may witness a bearish bias targeting 12630. Warning: The level of risk may be high.
| S1: 12700 | R1: 12765 |
| S2: 12675 | R2: 12810 |
| S3: 12630 | R3: 12870 |
