Saturday, April 28, 2012

Dax technical 27.4.2012

In a technical perspective, it looks like Dax is trying to touch 7000 or Fibonacci 6974 (78,6%). There is also intermediate declining trend line abobe 7000, thus judging bigger trend. Currently the longer term uptrend still holds confirmed with a touch to major rising trend line and major support at 6544. Additionally short term declining trend lines for Dax and RSI were broken upside. RSI and MACD are also showing some strength.