Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index jumped within the expected upward trend, touching the official target to be achieved during the previous report 15,700, recording its highest level of 15,720.
Technically, today, we tend to continue rising, relying on the index’s pivot above 15,600 and in general above 15,500, accompanied by the continuation of the index receiving a positive stimulus from the 50-day moving average, coinciding with the positivity of the RSI.
15,780, the first awaited target, knowing that breaching the mentioned level increases and accelerates the strength of the daily bullish trend, to visit 15,835/15,840 as the next station.
In general, we continue to suggest the bullish trend with steady daily trading above 15,600, and in general above the pivotal support floor 15,500, and breaking it forces the index to enter a selling wave with initial targets are located around 15,420. Note: The risk level is high.
| S1: 15600 | R1: 15780 |
| S2: 15490 | R2: 15835 |
| S3: 15420 | R3: 15955 |
