- DAX reversed from the support level of 23500.00
- Likely to reach resistance level 24625.00
DAX index recently reversed up from the support level of 23500.00 (which has been reversing the price from May), standing near the lower daily Bollinger Band.
The upward reversal from the support level of 23500.00 started the active short-term impulse wave B.
Given the clear daily uptrend, the DAX index can be expected to rise to the next resistance level 24625.00, which stopped the previous impulse wave (3).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.