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DE30 Bias Is Still Bearish
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.
Order | SELL |
Sell stop | Below 10352 |
Stop loss | Above 11314 |
Germany’s Destatis Federal Statistical Office.
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