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DAX Index Losing Bullish Momentum - Action Forex
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2 Articles
DAX Index Losing Bullish Momentum - Action Forex
At the end of May, we noted that the German stock index DAX 40 (Germany 40 mini on FXOpen) was exhibiting significantly stronger performance compared to other global equity indices. However, we also highlighted the 24,100 level as a strong resistance zone. Two months have passed, and the chart now suggests that bearish signals are […] The post DAX Index Losing Bullish Momentum appeared first on Action Forex.
The DAX Index Is Losing Its Bullish Momentum
At the end of May, we noted that the German stock index DAX 40 (Germany 40 mini on FXOpen) was exhibiting significantly stronger performance compared to other global equity indices. However, we also highlighted the 24,100 level as a strong resistance zone.Two months have passed, and the chart now suggests that bearish signals are intensifying.From a technical analysis perspective, the DAX 40 (Germany 40 mini on FXOpen) formed an ascending channe…
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