Close Menu
SimpleFX BlogSimpleFX Blog
    Facebook X (Twitter) Instagram
    Friday, January 23
    Facebook X (Twitter) LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Trading Academy
    • Trading Schedule
    SimpleFX BlogSimpleFX Blog
    Home » Some Useful Hints for Trading DAX
    Analysis

    Some Useful Hints for Trading DAX

    Zach WrightBy Zach WrightJanuary 17, 2020No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

    The price is gradually clamped between the upper bound of the green channel and the lower wall of the yellow channel.

    Now the bulls are near the resistance level of 13616, which is on the upper green wall. If we see a break above this level soon, the market will open a path to the upper bound of the yellow channel and the resistance level of 14996. In this case, the market will await a large bullish trend.

    However, if we see the price rebound from the level of 13616, then during the next trading week, a decline to 13075 is possible, since the support level is on the yellow bound. If the market breaks below this price level, the decline may continue in the future to 12103, i.e. to the lower green wall.

    featured stocks
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Previous ArticleGuide to Trading Silver During the Global Stock Rally
    Next Article Will Dow Jones Rise Again Today?
    Zach Wright

    Related Posts

    Crypto Month on SimpleFX – get a cashback for trading cryptocurrencies!

    August 20, 2025

    Ethereum turns 10 today! Here’s how we’re celebrating 

    July 30, 2025

    Top Use Cases of Ethereum: Beyond Cryptocurrency

    July 21, 2025
    Leave Us a Review
    Review us on
    App Store
    Google Play
    Copyright © 2014 - 2025. 8Tech SVG Ltd (formerly SimpleFX Ltd) with registration number 22361 BC 2014 with registered address at Beachmont Business Centre, Suite 404, Kingstown VC0100, Saint Vincent and the Grenadines
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.