Key Support Zones: 11200, 10800, 10400
Germany 30 (DE30EUR) Long-term Trend: Bullish
The index has continued to push upward as the resistance at 20000 has been breached. The price also has broken the 21-day SMA which was earlier a resistance. However, the market is likely to face another resistance as DE30EUR approaches the overbought region. The current uptrend may reach a high of 12000 but faces resistance at 11000.
Daily Chart Indicators Reading:
DE30EUR is presently at level 54 of the Relative Strength Index period 14. This explains that the market is in the uptrend zone and above the centerline 50. We should expect the continuation of the upward move.
Germany 30 (DE30EUR) Medium-term Trend: Bullish
On the 4- hour chart, the index is now in an uptrend. After breaking the resistance at 10000, the upward move has been strengthened. A bullish trend line has been drawn to indicate the support level. The upward movement will continue as long as price is above the trend line and the EMAs.
4-hour Chart Indicators Reading
Germany 30 is currently above 75 % range of the daily stochastic.
It means that the market is in bullish momentum. At the moment, price is approaching the overbought region of the market. The upward move may be hindered in the days to come.
General Outlook for Germany 30 (DE30EUR)
The index is approaching the bullish trend zone as it reaches a high of 12000. It faces resistances at 11000 and 12000 as the uptrend progresses. The stochastic and the RSI are pointing an upward move for the coin.
Note: Learn2Trade.com 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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.