The DAX index continues to maintain its positive side, trying to stabilize for the second session in a row above the support level of 13,810/13,800. Technically we tend to be positive on short intervals, but with caution. The RSI is stable above the 50 midline, which supports the bullish bias. …
Read More »German DAX: Settled Below Resistance
The German DAX index succeeded in achieving the negative outlook, as we expected, touching the first target to be achieved during the previous analysis, located at 13,850, recording the lowest price of 31,843. On the technical side today, and with a closer look 60-minute chart, we find the 50-day moving …
Read More »German DAX: May Witness a Negative Bias
The German DAX index declined significantly. surpassing the official target required to be achieved during the previous analysis at a price of 13,955, recording the lowest 13,874. Technically, we tend to be negative in our trades, but cautiously, depending on trading stability below the previously broken support-into-resistance at 13,990, accompanied …
Read More »German DAX: Settled Below Resistance
Negative trading has regained control of the German DAX index after achieving strong gains over several consecutive sessions, to witness the stability of the current move below the previously broken support-into-resistance 14,070. With a closer look at the 60-minute chart, we find the RSI is stable below the midline of …
Read More »German DAX: Built on Support
The German DAX managed to achieve the required target mentioned in the last analysis, located at the price of 14,125, its highest level at 14,142. Technically, we tend to be positive, citing the stability of trading above the psychological barrier support 14,000, in addition to the clear positive crossover signals …
Read More »German DAX: Positivity Needs to be Confirmed
The German DAX index achieved noticeable gains, cancelling the negative outlook expected during the previous analysis, and as we indicated yesterday that crossing to the upside and rising again above 13,980 will renew the chances of an upside move towards 14,055, to reach a high of 14,042. Technically, we tend …
Read More »DAX Put Pressure on Support
The German DAX index touched the first target to be achieved during the previous analysis, located at 10,465. The technical side today, we find that the index’s intraday trading is stable below 13,950, and we find negative signs appearing on Stochastic. From here, we may witness a bearish tendency during …
Read More »Dax Falls Back After Touching Support
The German DAX index declined, eliminating the positive technical outlook as we expected, in which we relied on trading above 14,000, we indicated during the previous analysis that the attempt to break 14,000 postpones the chances of an upside and leads the index to re-test 13,950 to record a low …
Read More »Dax Continues to Rise
The German DAX continues to achieve the required bullish targets, maintaining the positive stability, touching our official awaited target during the previous analysis located at 14,160. The technical side indicates the possibility of extending the gains. With a closer look at the chart, we find the simple moving averages continue …
Read More »Dax Continues to The Upside
The German DAX index succeeded in achieving the positive outlook, as we expected at the end of last week’s trading, touching our awaited target of 14,110, recording its highest price of 14,103. On the technical side, with the index succeeding in breaching the 14,000 psychological barrier resistance level, which has …
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