DAX 30 Weekly Analysis 09 March 2017

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CHARTING

The crucial points are:

4

The DAX 30 index, after several failed attempts to breach the 11800 level, has fiercely risen and met resistance at 12080 level. Since, the price has marginally fallen in a limited volatility condition. Moreover, the large upward spike in yesterday’s session, suggests that the bulls are currently weak.

Charting outcome: Neutral

INDICATORS (computerized T.A)

The crucial points are:

5

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The indicators are not proving a clear message about which direction the trend is possible to follow. The moving averages slopes have become marginally rising, while the balance between the negative and the positive dynamic has negatively changed. The trend dynamic has fallen by -39.88%, whilst the market’s volatility has marginally fallen by -6.28%. Finally, the oscillators have passed into marginally overbought levels.

Indicators outcome: Neutral – Marginally bullish       

CONCLUSION

Indicators and charting agree that the market is possible to move in the positive path. However, the charting indicates arguments, which suggest the neutral path as well. If the price appreciates higher than 12080 level, the next resistance is possible to occur at 12200 level. On the contrary, if the price breaks lower than 11800 level, the next support could occur at 11500 level.

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