DAX Is Aiming for 13200 Zone and Above

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

DAX bulls are trying to push the price up within the 12970-13000 zone. We can also see that the price is oversold there, making it very tempting for buyers.

D L3 and Trend line make up for the confluence along with the ATR pivot. If the price makes a breakthrough above, we should see 13128 and 13162. A close above that level will provide a continuation towards 13205 and 13273. However, if we see a move below 12939, then the price is turning bearish and 12828 could be next.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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