{"id":22256,"date":"2010-05-24T03:44:59","date_gmt":"2010-05-24T07:44:59","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=9841"},"modified":"2010-05-24T03:44:59","modified_gmt":"2010-05-24T07:44:59","slug":"dax-30-index-provides-signs-for-reversal-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/dax-30-index-provides-signs-for-reversal-2\/","title":{"rendered":"DAX 30 Index Provides Signs for Reversal"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/12.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The DAX 30 Index has been in a downward trend throughout the past week, dropping from 6180 to as low as 5690. Last Friday, however, saw the beginning of an upward correction, a trend that is expected to continue. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.<\/p>\n<p><span id=\"more-9841\"><\/span>\u2022\tBelow is the 8-hour chart of the DAX Index.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Relative Strength Index (RSI), Slow Stochastic and MACD.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.<\/p>\n<p>\u2022\tPoint 3: The MACD indicates an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tThe volatile downward movement which occurred prior to this upward correction has generated these indicators, and there appears to be room for this correction to continue.<\/p>\n<p>DAX 30 Index 8-Hour Chart<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/DAX-30-24-5.JPG\" alt=\"DAX 30\" width=\"470\" height=\"514\" class=\"alignnone size-full wp-image-9842\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The DAX 30 Index has been in a downward trend throughout the past week, dropping from 6180 to as low as 5690. Last Friday, however, saw the beginning of an upward correction, a trend that is expected to continue. Forex traders can take advantage of th&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22256","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22256"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22256\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}