Market Analysis of DAX40 on Thursday 12 SEPTEMBER 2024

2024-09-12 18:38Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    


 DAX40 running in positive trend and its immediate strong support are 18326 to 18575 level .  Stop loss is 18200 level and it can rise above 19000 level in short term because of irregular correction made at this level  positionally . Intraday purpose buying is better for targets 18600,18620 and 18650  levels respectively with stop loss 18400 level . 5 min chart indicating Dax40 can jump over 18650 level in very short term without touch 18400 level .


QUICK FUNDAMENTAL LOOK

                                                                 

European shares climbed 1% on Thursday, buoyed by strong performances among technology stocks, while investors awaited a policy decision from the European Central Bank later in the day where a rate cut is almost a certainty.


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

More