Dax making a break above minor resistance at 13450/460
|Dax 30 March futures
Dax bounces from 23 ticks below first support at 13410/400 for a recovery to 13486 as I write.
Daily Analysis
Dax making a break above minor resistance at 13450/460 for a more positive outlook targeting 13500/510 & recent highs at 13535/445. On a break higher we look for a test of the all time high at 13596. Of course a sustained break above 13600 this week is a clear buy signal.
First support at 13410/400. Longs need stops below 13370! A break signals further losses to a buying opportunity at 13330/320. Try longs with stops below 13280.
Trends
Weekly outlook is positive.
Daily outlook is positive.
Short Term outlook is positive.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.