The Daily View for DAX
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- This move is a reversal from the day prior, which saw price move up.
- As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
- Most noteworthy in the world of moving averages on the daily chart is that the 20 and 50 day moving averages have been crossed, so that price is now turning below them. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Below is a daily price chart of DAX.
Featured DAX Idea From TradingView
Below is a trading comment entitled Told you about it ! Apple 1W analysis you may find interesting:
Hello everyone , as we all know the market action discounts everything :)2 weeks ago i posted a video on Tradingview talking about the price movement for the Apple inc. stock https://www.tradingview.com/chart/AAPL/DrqOt5e1-APPLE-inc-1D-analysis-23-06-21/ and now we see the market moving just like i predicted that its gonna move, the price moved up from the range of 132 to the 143 area in less then 2 weeks , i used different indicators that was provided on Tradingview to analyze the market price .lets see how the market is doing right now and apply indicators to try to understand the movement of the Apple stock and see how its most likely to move in the next few weeks, the Market price seems to be moving in an ascended triangle and indicators telling us :1_ price of the stock is trending above the Moving average (bullish sign)2_RSI sitting at 69.71 showing great movement and almost reaching overbought area 3_MACD…