The German DAX managed to maintain its positive stability, posting a session high at 13085 in early tradings. Technically, we tend to positive, depending on the breach of 12940, which turned into support, with the positive motive of the 50-day moving average, which continues to hold the price. We will …
Read More »DAX Achieves Gains With a Bullish Bias
The German DAX index began to rise, posting a strong gain, reaching an intraday high at 12985. On the technical side, and looking at 60-minute chart, we find that the simple moving averages continue to hold the price along with positive signals from the RSI. Therefore, a bullish bias is …
Read More »German Dax Losing Momentum
The German DAX was able to apply the bullish scenario as we expected, surpassing the initial target to be achieved 12895/12890, shy of few points from the second goal 12965, recording its highest at 12947. Technically, the current movements of the index may witness a slight bearish tendency due to …
Read More »German DAX Witnesses Gains and Maintains Positive Outlook
Positive trading dominated the German DAX index within the expected bullish path we mentioned in the previous analysis, and reached the target level of 12870, posting a session high at 12870. Technically, the intraday trading is holding above 12770 and generally above 12710/12735 with positive signals from the 50-day moving …
Read More »DAX Tries to Rise
Positive moves dominate the DAX index, to record its highest-level during morning trading for the current session at 12785. Technically, looking at the 60-minute chart, we see that the RSI is stable above the Midline with a positive motive of the 50-days moving average. We believe that we are witnessing …
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