Germany 40 CFDLong
German DAX trending higher
Daily Insight
Commentary:
Monday - German Industrial Production m/m beats forecast this follows Friday’s strong September factory orders data
German DAX +12% since October 13th
Higher tops and higher bottoms on price indicates short term uptrend taking shape (daily chart) , however resistance in front of current price may push price lower before continuing any further advance.
Current price 13,441
Key resistance at 13,555 , a break above resistance places 13,750 in sight for longs with a short term view (5 to 25 days), while short sellers may be aiming for a retest of the 12,950 support spotted at the 38.2% retracement from the 4 week high.
Commentary:
Monday - German Industrial Production m/m beats forecast this follows Friday’s strong September factory orders data
German DAX +12% since October 13th
Higher tops and higher bottoms on price indicates short term uptrend taking shape (daily chart) , however resistance in front of current price may push price lower before continuing any further advance.
Current price 13,441
Key resistance at 13,555 , a break above resistance places 13,750 in sight for longs with a short term view (5 to 25 days), while short sellers may be aiming for a retest of the 12,950 support spotted at the 38.2% retracement from the 4 week high.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.