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24.05.202314:49 विदेशी मुद्रा विश्लेषण और समीक्षा: DAX under pressure as it challenges key support trend line

Exchange Rates 24.05.2023 analysis

Black line - resistance

Red line- bearish RSI divergence

Green line -support trend line

DAX is down for a third day trading around 15,865. Price is under pressure challenging the green upward sloping support trend line. Price made recently a new higher high and as we mentioned in our previous posts, the RSI provided a new bearish divergence and an important warning for the bulls. If the bearish RSI divergence is combined with a break below the green support trend line, we will get a new stronger bearish signal and most probably a trend reversal signal. For now we do not have confirmation of a reversal. If price fails to hold above the green trend line, we should expect more downside towards 15,000.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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