06 m5 Dax Chart

Dax Technical Analysis 17/02/2016

Good morning traders!

The daily chart posted doji yesterday which suggested that the recent relief rally was perhaps coming to an end, however this morning, despite a gap lower, we have began to test the high from yesterday.

If the current bullish momentum continues targets to the upside would be as much as 9432 which would be to test the value area the major support from Sept/Oct last year and January this year. I am watching the 4 hour chart for this target 

Long term this market is bearish below 10,000, but short term we are bullish above 9070.

Dax Support & Resistance

KEY LEVELS
Daily R29378
Daily R19289
Daily Pivot9185
Daily S19096
Daily S28992
200 Day EMA10377

Dax Charts

No charts today