Market Analysis of DAX40 on Monday 26 AUGUST 2024

2024-08-26 19:50Fonte:BtcDana

DAX40  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 18100 level . It can rise towards 18900 level positionally   . Intraday purpose buying is better with stop loss 18100 level expecting intraday targets 18120 , 18150 and 18180 levels respectively .Strong support  area is 18115 to 18315 level . 5 minute chart showing irregular correction at level of 18680 so it can sharply jump over 18680 level in very short term .


QUICK FUNDAMENTAL LOOK

                                                                   

European shares were flat on Monday ahead of a raft of key economic data set to unfold through the week, while the technology sector kept gains in check.


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

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