DAX PERFORMANCE-INDEX (.GDAXI) enjoys the removal of risks in both the United States and the UK

DAX PERFORMANCE-INDEX (.GDAXI) enjoys the removal of risks in both the United States and the UK

DAX PERFORMANCE-INDEX (.GDAXI) enjoys the removal of risks in both the United States and the UK

The DAX 30 may look to capitalize on a relatively stable backdrop and a dovish European Central Bank. Alongside the Dow Jones, the DAX 30 enjoyed a boost from the possible trade deal while also receiving clarity on the Brexit situation with the conservative party winning an outright majority in the December 12 general election. Coupled with Christine Lagarde at the head of the European Central Bank, where she alluded to fiscal stimulus, the DAX 30 could employ newfound stability and growth prospects as an excuse to continue higher.

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 13,579.85.

The projected lower bound is: 13,036.38.

The projected closing price is: 13,308.12.


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 28 white candles and 22 black candles for a net of 6 white 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 79.9421. This is not an overbought or oversold reading. The last signal was a buy 7 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 59.65. 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 sell 22 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 136.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 2 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 21 period(s) ago.

Rex Takasugi – TD Profile

XETRA DAX PF closed up 61.080 at 13,282.720. Volume was 31% above average (neutral) and Bollinger Bands were 57% narrower than normal.

Open     High      Low     Close     Volume___
13,383.26013,423.41013,255.55013,282.720 106,137,120
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 13,114.33 12,959.99 12,272.03
Volatility: 17 14 16
Volume: 76,526,072 78,737,832 87,171,960

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 8.2% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 9 periods.

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