we have for you some update about important Resistance and Support levels of DAX index.
On daily time frame (D1) we have:
Resistance level = 12445
Support level = 11710
Daily price close above Resistance level or below Support level will impact for the next DAX index price direction.
Forex Team analytic tools
we continue to report stock market forecast. Today we take a look to German stock:
As you can see on the chart below, on weekly timeframe we have pattern “Head and shoulders”.
We bought this stock at 70.50 eur with Stop-loss at 67.33 and set the possible profit at 81,00 eur.
We are starting to post technical analysis for financial stocks and indices for middle and long time periods. We will show you buy opportunities for different stocks and other financial instruments.
Here is main information for DAX30 (German financial index) trading:
Buy levels = 11050 or 11500
Stop Loss = 10250
Take Profit = 12300, 13500
ForexTeam technical analysis
we will provide trading signals for internationals stocks and indices. They will appear in mobile app ForexTeam in menu “Active signals” together with forex trading signals.
We achieved amazing results from the launch of ForexTeam app. Please, see the info & photos in this report.