Open Demo Account
Home / Technical Analysis / Daily Technical Analysis / German Dax Facing Selling Pressure
DAX, Stocks, Europe, Technical analysis

German Dax Facing Selling Pressure

Adel 15 September, 2021 11:59 am Daily Technical Analysis, Technical Analysis

The current movements of the German DAX index are witnessing a bearish tendency after it failed to stabilize above the 15,750 resistance level.

Technically, today we tend to the negativity, relying on the negative pressure coming from the simple moving average that continues to pressure the price and RSI below its mid-line.

Therefore, confirmation of breaking 15,700 increases the strength of the daily bearish trend to open the door to 15,645, the first target, and then 15,600.

The bearish scenario requires trading to remain below 15,750. Note: The risk level is high.

S1: 15645R1: 15750
S2:  15600R2: 15810
S3: 15540R3: 15850

Tags

Check Also

Gold’s Last Stand: Will the $4,500 Support Hold or Shatter? 30/4/2026

Gold (XAU/USD) Technical Analysis Gold prices (XAU/USD) retreated during the previous session after failing to …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends