Germany 30 (DE30EUR) Is Recovering but Faces Stiff Resistance at 10000
Login

Germany 30 (DE30EUR) Is Recovering but Faces Stiff Resistance at 10000

Estimated Reading Time: 3 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: Bearish
Germany 30 has exhausted the selling pressure of the index. The downward move has subsided as the market makes an upward movement. The bulls are making an upward move as the market reaches a high of 10000. The index is currently facing resistance at 10000. Germany 30 was earlier in an oversold region. The current upward move was as a result of the emergence of the bulls.

DE30EUR – Daily Chart

Daily Chart Indicators Reading:
DE30EUR is above 40% range of the daily stochastic. The index is in a bullish momentum. The bulls are emerging to push the index upward which was previously oversold. The 21-day SMA is acting as a resistance to the index.

Germany 30 (DE30EUR) Medium-term Trend: Bearish
On the 4- hour chart, the index is in a descending channel. The 8000 support was holding as the bulls make an upward move. The bulls break the resistance line of the descending channel and continue the upward move. Buyers are finding penetration difficult at 10000 resistances. Meanwhile, they have made two unsuccessful attempts without breaking it.

DE30EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently at level 53 of the Relative Strength Index period 14. RSI is indicating that DE30EUR is in the uptrend zone. The index is rising. The 21-day SMA and the 50-day SMA are sloping upward.

General Outlook for Germany 30 (DE30EUR)
Germany 30 index is holding above 8000 price levels. With the breaking of the resistance line of the channel, the former trend is presumed to be terminated. There is a change in trend. At the moment the bulls are facing resistance at 10000.

Instrument: Germany 30 (DE30EUR)
Order: Buy
Entry price: 9653.20
Stop: 9600
Target: 9853.20

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