{"id":9648,"date":"2010-05-24T08:10:01","date_gmt":"2010-05-24T12:10:01","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9648"},"modified":"2010-05-24T08:10:01","modified_gmt":"2010-05-24T12:10:01","slug":"dax-30-index-provides-signs-for-reversal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/dax-30-index-provides-signs-for-reversal\/","title":{"rendered":"DAX 30 Index Provides Signs for Reversal"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; 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>\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<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/DAX-30-24-5.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/DAX-30-24-5.JPG\" alt=\"\" width=\"470\" height=\"514\" \/><\/a><\/p>\n<p><strong><em>Forex Market       Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                         Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                         may not be suitable for all       investors.       There    is  a              possibility      that           you   could       sustain a  loss   of  all   of    your               investment and            therefore  you        should   not     invest        money  that   you            cannot afford to          lose. You         should    be      aware of     all       the    risks        associated     with     Foreign       Exchange        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/dax-30-index-provides-signs-for-reversal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DAX 30 Index Provides Signs for Reversal&#8221;<\/span><\/a><\/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-9648","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9648","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=9648"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9648\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}