Market Analysis of DAX40 on Thursday 2 May 2024

2024-05-02 18:40Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW     

DAX 40 running in negative trend and its immediate strong resistance are 17980 to 18030 level .  Stop loss is 18050 level and it can fall towards 17785 level or lower levels .Intraday purpose selling is better for targets 17890,17870 and 17850 levels respectively with stop loss 18050 level .5 minute chart indicating for fall below 17870 anytime with stop loss 18050 level.

 QUICK FUNDAMENTAL LOOK                                                                     

European shares flitted in a tight range on Thursday, after falling to a one-week low in early trade, as investors returned from a mid-week holiday to gauge a slew of earnings and the Federal Reserve signalling a delay in interest rate cuts.

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

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