Dax 30 Forecast For Jan 30, 2020

Published 01/30/2020, 03:27 AM
Updated 07/09/2023, 06:31 AM
DE40
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DAX shorts at strong resistance at 13350/370 worked perfectly. We topped exactly here and collapsed to the first target of 13270/260 for an easy 100 ticks profit.

DAX shorts at strong resistance at 13350/370 working as we break minor support at 13270/260 targeting 13185/175 today. A break below 13150 meets a buying opportunity at 13100/13070, with stops below 13020.

First resistance at 13280/290 but above here 13300 retests strong resistance at 13350/370. Bulls need a break above 13395 for a buy signal targeting 13420/425 & 13450/455, perhaps as far as 13480/490.

Trends

  • Weekly outlook is positive
  • Daily outlook is positive
  • Short Term outlook is positive
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