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DAX Index
Long

DAX EMAs Shows Bullish Stack; Line Up For Momentum Push

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The above chart show's FXCM's DAX proxy - the GER30. We note that the orange 13-day EMA has crossed above the black 34-day EMA (green ellipse). This has put the EMAs into a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation to the upside, it will denote an unfolding positive momentum for the index.
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CFDcfdsDAX IndexFXCMGER30 CFDindexIndicesIndices EuropeMoving AveragesTrend Analysis

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CFDcfdsDAX IndexFXCMGER30 CFDindexIndicesIndices EuropeMoving AveragesTrend Analysis
FXCM
Broker
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.