Germany 30 (DE30 EUR) Sustains Above 10000, Breaches More Resistances


Key Resistance Zones: 13600, 14000, 14400
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.

DE30EUR – Daily Chart

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.

DE30EUR – 4 Hour Chart

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: 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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.