DE30 Bias Is Still Bearish | IFCM UK

DE30 Bias Is Still Bearish

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The DE30 price forecast in our March 6, 2020 technical analysis was bearish.

Market developments after DE30,D1 March 6, 2020 technical analysis still indicate bearish bias.

  • German industrial output continued falling over year in January.
  • German trade surplus declined over month in January when an increase was forecast.
  • Here is what indicators show as of March 11, 2020:

    • The Parabolic Indicator gives a bearish signal.
    • TheDonchian Channel gives a bearish signal.
    • The MACD indicator gives a bearish signal.
    • The Stochastic oscillator gives a bullish signal.
    • The Fractals give a bearish signal.
    • The MA(200) Indicator gives a bearish signal.

    So the bearish forecast still stands for the DE30,D1.

    OrderSELL
    Sell stop Below 10352
    Stop lossAbove 11314

    Germany’s Destatis Federal Statistical Office.

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