Market Analysis of DAX40 on Friday 18 OCTOBER 2024

2024-10-18 11:56Fonte:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW    


 DAX40  running in negative trend and its immediate strong resistance are 19572 to 19612 level .  Stop loss is 19675 level and it can fall  below 19475 levels in short term because of irregular corrections at that level on 5 minute chart  .Intraday purpose selling is better for targets 19500,19475 and 19450 levels respectively with stop loss 19675 level  .


QUICK FUNDAMENTAL LOOK                                                                    


The DAX soared 1% to trade at a fresh record level of 19600 on Thursday, tracking a general positive mood in Europe, as traders focus on fresh corporate results while the ECB lowered borrowing costs by 25bps as expected.

 

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

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