Market Analysis of DAX40 on Friday 27 October 2023

2023-10-27 18:30Source:BtcDana

Dax40 TECHNICAL ANALYSIS SHORT TERM VIEW      

   Dax40 is running in major support and its trend is positive and its support area is 14650 to 15330 and overall final stop loss 15100.It can rise upward towards 15533 level sharply because last wave inner wave 5 running in extension calculation.Intraday or short term stop loss is 14450 and its targets are 14850,14900 and 15000 respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

Shares in major European bourses are mixed on Friday after a raft of corporate earnings, with markets also keeping an eye on geopolitical developments after U.S. fighter jets struck facilities in Syria, adding to concerns of escalating conflict in the Middle East.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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