Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index managed to achieve the second official target required to be touched during the previous trading session, at 15,780, to record its highest level of 15,793.
On the technical side, today, the index hit the strong resistance level, which forced it to trade negatively. With a closer look at the 60-minute chart, we notice the clear negative signs on stochastic, in addition to the stability of the intraday trading below 15,740.
Therefore, we believe that there are negative movements in the coming hours, but with great caution, provided that we confirm breaking 15,580, targeting 15,530 first target, and then 15,450 next stations that may extend to 15,325, as long as the daily trading is stable below 15,740 and most importantly 15,830.
Note: The risk level is high.
| S1: 15530 | R1: 15740 |
| S2: 15450 | R2: 15870 |
| S3: 15325 | R3: 15950 |
