Germany 30 Index (Cash) bounced off the 50-period simple moving average (SMA) yesterday, which resulted in a pickup in positive momentum and four successive positive sessions to retest the 23-month high of 13,548. The short-term oscillators suggest that positive directional momentum is strengthening. The MACD, remained above zero, and is increasing over its red trigger line, while the RSI is rising in bullish territory. Moreover, the ADX reflects a strong positive trend in place, also aided by the uptrend line [..]
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