DAX, February 4, 2021

Technical Analysis
Thursday, February 04, 2021 - 00:49
Point Trader Group
DAX, February 4, 2021

Overview:

Prices are moving in a short-term uptrend

Expected:

The index is trading below a strong resistance level around 14013, which might push the index to go downwards to reach the level of 13905.

Alternative Scenario:

On the other hand, we think that if the level of 14013 is broken to the upside, this index might be pushed upwards 14090.

Resistance13989.4014013.0114090.00
Support13905.0013820.0013800.00

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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