The movements of the German DAX index witnessed negative trading, recording its lowest level at 15,110 after it recorded the highest at 15,500. Technically, by looking at the 60-minute chat, we notice that the stochastic indicator continues to receive negative signals, accompanied by the momentum indicator gaining negative signals on …
Read More »German Dax: Facing Negative Pressure 11/2/2022
Negative trading returned to dominate the movements of the German DAX index as the resistance level 15,600 managed to limit the gains, to consolidate around its lowest level during the morning trading session around 15,350. Technically, the simple moving averages put pressure on the price, the stochastic losing the bullish …
Read More »German Dax: Continues to Advance 9/2/2022
The German DAX index succeeded in touching the first target price station during the previous analysis, located at the price of 15270, and it is close by a few points from the required official station 15350, recording its highest level at 15334. The technical side today, we notice if the …
Read More »German Dax: Building on Support 8/2/2022
The German DAX index managed to touch the first price stop published during the last analysis, at 15,240, recording its highest level of 15,254. Technically, the index was able to establish a good support floor near 15,090, and as we notice the clear positive signs on stochastic, supporting the idea …
Read More »German Dax: Re-testing Support 7/2/2022
The German DAX index started its first weekly move on a slight bullish slope, benefiting from the pivotal support level of 15,100. It is now hovering around its highest level during the early trading of the current session 15,19. Technically, the 60-minute chart indicates the possibility of continuing the rise …
Read More »German Dax: Gets Positive Signals 2/2/2022
The German DAX index witnessed a positive session, recording its highest level during the early trading of the current session around 15,680. On the technical side, the index found an excellent support floor around 15,550, and the RSI continues to defend the positive moves and gets more bullish momentum, stable …
Read More »German Dax: Negative Pressure in Place 28/1/2022
Mixed trading Dominated the movements of the German DAX index during the previous session to find a good support floor around 15,1120, which forced it to rebound slightly upward. On the technical side, today, and carefully looking at the 60-minute chart, we find stochastic started losing the bullish momentum gradually, …
Read More »German Dax: Facing Negative Pressure 27/1/2022
The German DAX index witnessed a negative trading session after it found negative pressure to hit the resistance level 15,540, which forced it to retest 15,185. On the technical side, today, we tend to the negativity, considering that the RSI gained more bearish momentum due to stabilizing below the mid-line …
Read More »German Dax: Retests Resistance 20/1/2022
The German DAX index continued declining within the expected bearish path, touching the first target required to be achieved during the last analysis, at 15,640, recording its lowest level at 15,613. On the technical side today, we notice the continuation of the negative pressure from the 50-day moving average, in …
Read More »German Dax: Negative Pressure is in Place 19/1/2022
The German DAX index failed to achieve the temporary positive outlook published during the previous analysis. We mentioned that breaking 15,880 puts the index’s price under intense negative pressure, targeting 15,800, to record the lowest price of 15,655. Technically, and carefully looking at the 4-hour chart, we notice that the …
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