The Germany 40 (DAX) continues its impressive rally, climbing to 23,378.7, up 0.60% on the session. The 50-day SMA (21,954.8) remains firmly below price action, signaling sustained bullish momentum, while the 200-day SMA (19,713.1) provides a solid long-term support base.
Momentum indicators support the uptrend:
✅ MACD remains in bullish territory, showing sustained strength.
✅ RSI at 64.04 suggests the index is trending strongly but isn’t overbought yet.
Key Levels to Watch:
📌 Support: 22,800 (recent pullback level), 21,950 (50-day SMA)
📌 Resistance: 23,600 (psychological level), 24,000 (round number target)
As long as 23,000 holds as support, bulls may push for 24,000+ in the near term. A drop below 22,800 could signal a deeper pullback.
-MW
Momentum indicators support the uptrend:
✅ MACD remains in bullish territory, showing sustained strength.
✅ RSI at 64.04 suggests the index is trending strongly but isn’t overbought yet.
Key Levels to Watch:
📌 Support: 22,800 (recent pullback level), 21,950 (50-day SMA)
📌 Resistance: 23,600 (psychological level), 24,000 (round number target)
As long as 23,000 holds as support, bulls may push for 24,000+ in the near term. A drop below 22,800 could signal a deeper pullback.
-MW
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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.