Technical analytics

DAX

DAX

The bullish pressure is currently strong. Strong bullish sentiment drove the index to the 12700 hurdle on Thursday. The benchmark failed to advance beyond this area and the EMA50 limited its advance. The moving averages are giving mixed signals. The EMA50 is going north while the EMA100 and the EMA200 are neutral. MACD approached the mid-line. RSI is stable around 50. The resistance stands at 12700, the support is at 12600.   

The risk remained towards the upside with a break above 12700 towards 12750.


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