Intraday Technical Analysis chart - DAX
Good morning to everyone. With a small loss, most European markets are currently moving. Investors, having seen high profits in the past few days, hold some reservations today after the new political scandal in the US. The German DAX Index at Börse Frankfurt, at the beginning of the session, moved to 12,752 meters testing the support of EMA and is now showing losses - 0,34% at 12,758.5 m with bulls showing a difficulty at these high levels Prices ..
The prices are kept below the top of 12,841.7 and this is a correction mark. Prices are still moving above the Kumo of the ichimoku cloud, remaining bullish in the short run, and this should be a problem for the bears to take a big risk ...
The Chikou Span (green line ) rapid oscillator following continual changes to the present levels has given a downward angle of divergence to the level of 12,788,17 m increasing the probability of a further correction.
The fast stochastic index is once again rotating, giving a negative divergence ... and an output signal in a super neutral zone.
Pay particular attention to the Tenkan-sen oscillator (sea line 9 days) because despite the pressure still moves over Kijun-sen (red thin line 26 days) ... Before having a discomfort at the present levels, with the probability of testing the 12,662.45 m floor if the support of 12,697 m ... and maybe lower the level at EMA 21 at 12.563,72 m . ...
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