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 […]