Germany 30 (DE30 EUR) Pushes Upward, Targets 11340 Resistance
Login

Germany 30 (DE30 EUR) Pushes Upward, Targets 11340 Resistance

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:
Key Resistance Zones: 13600, 14000, 14400
Key Support Zones: 11200, 10800, 10400

Germany 30 (DE30EUR) Long-term Trend: Bullish
The index is in an uptrend. The upward move is making a series of higher highs and higher lows. A bearish candlestick has been resisted after testing 11340 resistance. The market fell from the recent high to level 10500. At level 10500, the market makes another upward move. Presently, the upward is facing resistance at level 11000.

DE30EUR – Daily Chart

Daily Chart Indicators Reading:
Presently, 50-day SMA and 21-day SMA are sloping upward indicating the upward move. The index is at level 55 of the Relative Strength Index period 14. This indicates that the market is in the uptrend zone and above the centerline 50.

Germany 30 (DE30EUR) Medium-term Trend: Bullish
On the 4- hour chart, the index is making a series of higher highs and higher lows. On April 30, the market reached a high of 11340. The bulls were resisted at the recent high as the market fell to 10400 low. At the support line, the uptrend was terminated at level 11000.

DE30EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The market is currently below 80 % range of the daily stochastic.
It is in the bearish momentum. The SMAs are sloping upward indicating the upward move.

General Outlook for Germany 30 (DE30EUR)
DE30EUR is in an upward move. The previous uptrend was terminated at level 11000. The bulls are retesting the previous higher high of 11340. On the upside, a break above 11000 will propel price to reach a high of 11340.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News