Germany 30 (DE30EUR) in an Uptrend, Battles 10800 Resistance
Login

Germany 30 (DE30EUR) in an Uptrend, Battles 10800 Resistance

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

Azeez Mustapha

Updated:
Key Resistance Zones: 12800, 13200, 13600
Key Support Zones: 11600, 11200, 10800

Germany 30 (DE30EUR) Long-term Trend: Bullish
Germany 30 is currently in an upward move but it is currently facing resistance at level 10800. Since April 13, the bulls have failed to penetrate level 10800. Rather, the market is trading below the resistance. On the upside, if the bulls break above the current resistance, the market will reach level 11600. The sideways move will continue if the bulls fail to breach the resistance.

DE30EUR – Daily Chart

Daily Chart Indicators Reading:
DE30EUR is currently at level 51 of the Relative Strength Index period 14. The index is in the uptrend zone and above the centerline 50. This implies that the index is rising. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

Germany 30 (DE30EUR) Medium-term Trend: Bullish
On the 4- hour chart, the index is making an upward move. The upward move is terminating at the resistance of 10800. As bulls were unable to break the resistance, the index has been compelled to a sideways move. The bulls have made two unsuccessful attempts at the resistance. The market is making an upward move to retest the resistance.

DE30EUR – 4 Hour Chart

4-hour Chart Indicators Reading
Germany 30 is currently above 80% range of the daily stochastic. The price is approaching the overbought region. Sellers may likely emerge in the overbought region. The SMAs are sloping upwards indicating an uptrend.

General Outlook for Germany 30 (DE30EUR)
Germany 30 is now in a bull market. The upward move is currently facing resistance at 10800. The index is in a bullish momentum but presently consolidating below the resistance.

 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
  • 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