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DAX Is Aiming for 13200 Zone and Above

By:
Nenad Kerkez
Published: Aug 31, 2020, 07:36 UTC

DAX bulls are trying to push the price up within 12970-13000 zone. We can also see that the price is oversold there make it very tempting for buyers.

DAX

In this article:

DAX bulls are trying to push the price up within 12970-13000 zone. We can also see that the price is oversold there make it very tempting for buyers.

D L3 and Trend line make up for the confluence along with the ATR pivot. If the price makes a breakthrough above, we should see 13128 and 13162. A close above that level will provide a continuation towards 13205 and 13273. However, if we see a move below 12939, then the price is turning bearish and 12828 could be next.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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