DAX Slightly Bearish Ahead Of Trade Meeting In Washington

Russell Shor, CFTe, MFTA FXCM

The below is the hourly chart of the GER30. The green 5-day EMA has crossed below the orange 10-day EMA (aqua ellipse) and the RSI has dipped below 50 (blue rectangle). These are bearish developments ahead of the high-level meeting between Chinese and US officials regarding trade taking place in Washington. If the EMAs start developing angle and separation it may be on the back of the meeting heading in a disappointing direction. We continue to monitor.

Past performance is not an indicator of future results.
CHART SOURCE: FXCM MARKETSCOPE 2.0

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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