Market Analysis of DAX40 on Friday 3 May 2024

2024-05-03 18:38Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW     

DAX 40 running in positive trend and its immediate strong support are 17850 to 17986 level .  Stop loss is 17800 level and it can rise towards 18567 level or higher levels .Intraday purpose buying is better for targets 18000,18020 and 18050 levels respectively with stop loss 17800 level .5 minute chart indicating for rise above 17995 anytime with stop loss 17850 level.

 QUICK FUNDAMENTAL LOOK                                                                     

Frankfurt's DAX 40 index edged up by 0.1% on Friday, reaching 17,945 points, with investors closely monitoring the April US jobs report for insights into the potential policy paths of the Federal Reserve and other major central banks.

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

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