DAX PERFORMANCE-INDEX (.GDAXI) awaits GDP and CPI data respectively

DAX PERFORMANCE-INDEX (.GDAXI) awaits GDP and CPI data respectively

DAX PERFORMANCE-INDEX (.GDAXI) awaits GDP and CPI data respectively

While trade wars and monetary policy duke it out for the top spot on the radar of traders, Germany will look to provide insight on another major theme – economic growth. While all three themes are directly related, global growth concerns have receded from the headlines somewhat but an abysmal GDP reading from Germany, or the Eurozone altogether, could reignite those fears.

To that end, DAX traders should look to Wednesday’s GDP data release for insight on this theme. An unexpected slowdown due to deteriorating global trade conditions could give rise to a shift in policy by the ECB, which would neatly – and conveniently – tie the three major fundamental themes together.

Technical Indicators

Overall, the bias in prices is: Downwards.

By the way, prices are vulnerable to a correction towards 12,097.14.

The projected upper bound is: 12,038.11.

The projected lower bound is: 11,341.16.

The projected closing price is: 11,689.63.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 34.5749. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 36.19. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -76. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 22 period(s) ago.

Rex Takasugi – TD Profile

XETRA DAX PF closed down -151.610 at 11,693.800. Volume was 20% above average (neutral) and Bollinger Bands were 79% wider than normal.

Open     High      Low     Close     Volume___
11,806.82011,865.63011,674.11011,693.800 110,487,680
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 11,929.52 12,214.92 11,642.99
Volatility: 27 18 19
Volume: 104,517,152 92,428,960 93,024,592

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


XETRA DAX PF is currently 0.4% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of .GDAXI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .GDAXI and have had this outlook for the last 10 periods.

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