DAX PERFORMANCE-INDEX (.GDAXI) Resumes Higher DAX shows an incomplete Elliott Wave sequence from December 27, 2018 low favoring further upside. The rally from August 15, 2019 low (11266.48) is unfolding as an impulse Elliott Wave structure where wave 1 ended at 12814.49 and wave 2 pullback ended at 12607.06. Wave 3 remains in progress and […]
DAX PERFORMANCE-INDEX (.GDAXI) sees early weakness Early trading has seen the DAX drop sharply, although it has yet to test the 13,130 area that has marked support over the past two weeks. Below this, 12,950 is possible support. For the time being, the index is still in consolidation mode, with a rally through 13,300 needed […]
DAX PERFORMANCE-INDEX (.GDAXI) bullish momentum holding well with small daily corrections DAX bullish momentum holds well with small daily corrections making lower lows and higher highs as the Dax benchmark trades above all major daily moving averages and inside the ascending channel which started back in December 2018. On the upside where traders focus shifted, […]
DAX PERFORMANCE-INDEX (.GDAXI) consolidating after continued upside The DAX remains within an intraday uptrend, with the index managing to push into a 16-month high yesterday. While the price is now stagnating, another leg higher looks likely before long. As such, a bullish outlook remains in play unless we see a break below the 12,888 level. Watch for […]
DAX PERFORMANCE-INDEX (.GDAXI) Careful with Entries at these levels The DAX has pushed through the 12,817 resistance level, in a move that confirms the continuation of the uptrend seen throughout October thus far. The wider picture points towards the next resistance level of note coming around 13,208, and there is plenty of room for further upside in […]
DAX PERFORMANCE-INDEX (.GDAXI) at Yearly Highs On Brexit Deal Hopes DAX Index continues higher for sixth consecutive trading session making fresh yearly highs as positive headlines crossing the wires, suggesting that a Brexit deal is possible. EU Negotiator, Michel Barnier, told EU commissioners that he is optimistic about getting a Brexit deal with the UK by the […]
DAX PERFORMANCE-INDEX (.GDAXI) drives higher yet again despite yesterday’s pullback The DAX continues to outperform despite questions over the validity of the claims of a US-China trade deal, with the index driving higher to negate the retracement seen yesterday. This points towards further upside to come, with the index hitting a two-month high in early trade today. […]
DAX PERFORMANCE-INDEX (.GDAXI) Market Increase Bets for a Brexit Deal DAX Index started higher the trading session as positive news crossing the wires from the Brexit front. EU’s Donald Tusk said that after PM Boris Johnson met his Irish counterpart Leo Varadkar yesterday, “both saw for the first time a pathway to a deal”. Improved sentiment […]
DAX PERFORMANCE-INDEX (.GDAXI) gradually on the rise The DAX also fell sharply last week, with the index gradually regaining ground since. The ability to continue forming higher lows is key here, with the improved German industrial production figure helping to push the index into a fleeting new high for the week. Ultimately, this rally does look like […]
DAX PERFORMANCE-INDEX (.GDAXI) price may be on its way towards 11,766 Looking at the daily chart, we notice yesterday the Dax broke below the neckline of double top pattern residing at 12,142. Additionally, the index declined to a lower trading zone 11,691- 12,032 eyeing a test of the low end of it. This suggests that […]
DAX PERFORMANCE-INDEX (.GDAXI) looks to continue gains It was a week of two halves, as the DAX dropped in the first half before rallying from a Tuesday low. However, since then, gains have stalled at 12,400, so if this remains in place a lower low has been established. A push below 12,300 would renew the bearish move […]
DAX PERFORMANCE-INDEX (.GDAXI) Economy Showing Little Signs of Improving The beginning of the week saw the DAX on the backfoot following a raft of weak PMI figures. Germany’s manufacturing recession has continued to worsen with concerns mounting that the slowdown could become broaderbased as the services sector had also slowed to a 9-month low. Subsequently, […]
DAX PERFORMANCE-INDEX (.GDAXI) shares almost unchanged at start of trading German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark DAX index opening at 12,355.92 points, down 33.7 points, or minus 0.27 percent. The decision to cut interest rates by the U.S. Federal Reserve (Fed), which had lowered the federal […]
DAX PERFORMANCE-INDEX (.GDAXI) continue week’s horizontal trend at start of trading German stocks continued the horizontal trend and remained flat at the start of trading on Wednesday, with the benchmark DAX index opening at 12,361.23 points, down 11.38 points, or 0.09 percent. The biggest winner among Germany’s largest 30 companies at the start of trading […]
DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows The price for the DAX failed to close the opening gap yesterday, with gains faltering at 12,400. However, downside was also limited, so another push above 12,400 may occur, with a target in the first instance of 12,500, before a fresh move towards 12,600. The current bounce is yet to […]
DAX PERFORMANCE-INDEX (.GDAXI) aiming for 12,410 It has been a good few weeks for European equities, which have surged despite ongoing signs of economic weakness in the eurozone, and particularly in Germany for the DAX. The index breezed through the top of the August range, and then on through the 50- and 100-day moving averages […]
DAX PERFORMANCE-INDEX (.GDAXI) consolidates after sharp decline The DAX has seen a volatile week, and even though we have seen a general lack of direction following Tuesday’s sharp decline, we are seeing significant sized moves within the subsequent consolidation. There is a chance that this is a precursor to a short-term upward retracement, yet we need to […]
DAX PERFORMANCE-INDEX (.GDAXI) breaking lower after shallow recovery The DAX looked at risk given the shallow nature of its recovery, and so that is how it is playing out, with sharp declines returning to mimic the sell-off from last Thursday. The break below the 200-hour simple moving average (SMA), coupled with the 12,383 swing low provides the bearish breakdown confirmation signal. […]
DAX PERFORMANCE-INDEX (.GDAXI) gradually regaining ground after sharp decline The DAX has been gaining ground after a sharp decline into the 76.4% Fibonacci support level. There is a risk that this rally could falter given the slow ascent we are currently seeing. However, a significant bearish picture would require a break below 12,193, which would complete a […]
DAX PERFORMANCE-INDEX (.GDAXI) will look closely to the price action of the S&P 500 and FTSE 100 The German DAX 30 has a relatively quiet week ahead. Last week, an ECB meeting that missed market expectations saw the Index plummet beneath support as the central bank signaled easing would occur not at present, but down the line. […]
DAX PERFORMANCE-INDEX (.GDAXI) takes a breather after bullish breakout The DAX has provided a much more clear-cut breakout this week, with the index rising through the 12,465 swing high. That points towards further upside to come, with any short-term downside looking like a buying opportunity more than anything. The index is starting to ease back, raising the possibility […]
DAX PERFORMANCE-INDEX (.GDAXI) rallies into trendline and Fibonacci confluence The DAX has been on the rise this week, with the index rallying into a confluence of resistance that encompasses the 76.4% retracement and ascending trendline. The recent trend of lower highs and lows points towards the possibility of a bearish move from here, yet EUR declines could […]
DAX PERFORMANCE-INDEX (.GDAXI) face important Fib levels which may give pause to a continuation higher German DAX 30 trades beneath a Fib level of its own. The 61.8% retracement from the index’s high in January 2018 to its low in December rebuffed attempted moves higher last week and will look to again in the week […]
DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900 DAX’s gains above 10,900 have proven impossible to sustain over the past few sessions, while intraday sell-offs have found support at 10,800. A break of this range indicates the next direction, with trendline support around 10,700 coming into play. Above 10,900, the index will push on above 11,000 but […]
DAX PERFORMANCE-INDEX (.GDAXI) heading higher once again The DAX drifted lower yesterday, following gains throughout the first trading days of 2019. However, with the price having already broken through the 76.4% retracement, it looks increasingly likely that we will push through the key 10,987 mark. Should that occur, it would be the first higher high in eight […]
DAX PERFORMANCE-INDEX (.GDAXI) shares overcome losses European shares also overcome losses from a day earlier, with Germany’s DAX gaining 3.4 percent and France’s CAC 40 rising 2.7 percent. Britain’s FTSE 100 advanced 2.2 percent. In Asia, Hong Kong’s Hang Seng jumped 2.2 percent. South Korea’s Kospi added 0.8 percent. Japan’s Nikkei 225 index fell 2.3 […]
DAX PERFORMANCE-INDEX (.GDAXI) 2019 Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 12,189.46. The projected lower bound is: 9,130.46. The projected closing price is: 10,659.96. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” […]
DAX PERFORMANCE-INDEX (.GDAXI) rebound unlikely to last The DAX is similarly climbing higher within a downtrend, with the price having hit the trendline resistance. There is a very good chance we will see the market turn lower before long, in a bid to carry on the downtrend. As such, while we could see further short-term upside, a […]
