By - Jamel Lahiani
Today our analysis will be concerned with DAX and CAC 40:
DAX: The DAX “German stock index” is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
CAC 40: the benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris.
GRAPHIC 1: DAX HOURLY CHART (JULY 24, 2019)
The hourly chart is over the MA14 line in red and the resistance line. It is more plausible that the DAX index is bullish. A swing entry could be taken if there is a new cross and close of the chart belong the MA14.
GRAPHIC 1: CAC40 HOURLY PRICE CHART (JULY 24, 2019)
The hourly chart is below the resistance line in red and the MA14. The movement of the CAC40 chart is bearish. A swing entry could be taken using a slower times frames like M15, if there is a break to the downside of the MA14 or the resistance line.
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