– DAX broke the key resistance level 21500.00
– Likely to rise to resistance level 22000.00
DAX index recently broke the key resistance level 21500.00 – which stopped the previous minor impulse wave i earlier this month.
The price earlier reversed up from the upper trendline of the daily up channel from August (which is acting as the support after it was broken previously in December).
Given the powerful daily uptrend, DAX index can be expected to rise further to the next resistance level 22000.00 (which is the target price for the completion of the active impulse wave 5).
Baidu: ⬆️ Buy - Baidu reversed from support zone - Likely to rise to resistance level…
USDCAD: ⬇️ Sell - USDCAD broke support zone - Likely to fall to support level…
We break down one of the most dramatic weeks in the markets — including a…
The US dollar is suffering due to weaker than expected inflation data and a surge…
USDJPY: ⬇️ Sell - USDJPY broke the support zone - Likely to fall to support…
Bitcoin: ⬆️ Buy - Bitcoin reversed from support zone - Likely to rise to resistance…
This website uses cookies