Categories: Technical analysis

Dax Wave Analysis 30 March, 2021

• Dax broke round resistance level 15000.00

• Likely to reach resistance level 15500.00

Dax just broke above the key round resistance level 15000.00 – following the earlier breakout of the resistance level 14750.00 and the resistance trendline of the daily up channel from January.

The breakout of the resistance level 15000.00 – if the index closes today above this price level – is likely to   accelerate the active impulse waves 3 and (v).

Dax is likely to rise further toward the next resistance level 15500.00 (target price for the completion of the active impulse wave 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: DAX

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