For the second consecutive session, the German DAX index failed to stabilize above the pivotal resistance level at 15840 prices, forcing it to trade with intraday negativity. Technically, we notice some clear negative signs on stochastic, gradually missing the bullish momentum, which might push the index to trade negatively in …
Read More »Germany’s Dax Tries to Maintain Gains
The German DAX index maintains its recorded gains, reaching 15,830 within an upward slope, benefiting from the positive stability above 15,650. Technically, we tend to the positivity, relying on the stability of the intraday trading above 15,560, which is accompanied by the positive motive of the 50-day moving average and …
Read More »German DAX: It May Witness a Positive Scenario
The German DAX index jumped, achieving substantial gains, recording its highest level at 15,840 after breaching the resistance level of 15,480. Technically, we are inclined to the positivity, relying on the stability of trading above 15,480, accompanied by the positive motive of the 50-day moving average, and stochastic around the …
Read More »German DAX is Facing Negative Pressure
Positive trades dominated the movements of the German DAX index, recording its highest level at the end of last week’s trading at 15,432. Technically, we tend to the negativity, but with great caution, relying on the stability of trading below the resistance level 15,250, in addition to the negative pressure …
Read More »German DAX Continues to Decline
The bearish trend dominates the German DAX index, recording its lowest level at 15,007 after finding a solid resistance level around 15,280. Technically, the current moves are witnessing a slight bullish slope, benefiting from the base at the 15,020 level, but the simple moving averages continue to pressure the price …
Read More »Dax Faces a Strong Sell-off
The German DAX index witnessed a negative trading session, witnessing significant losses, after it managed to break the support floor published last Friday at 15,860, to record its lowest level at the end of last week’s trading at 15,020. Today, we tend to the negativity, given the negative pressure coming …
Read More »Dax is Awaiting Confirmation
Positive trades dominate the movements of the German DAX, benefiting from the intraday stability above the 15,860 support level. The technical aspect indicates the possibility of a bearish bias in the coming hours, based on the beginning of negative features on stochastic and its gradual loss of bullish momentum, in …
Read More »Dax Makes Repeated Attempts to Rise
The German DAX index declined within the bearish context mentioned in the last analysis, heading to visit the official target of 15,960, recording its lowest level at 15,860. Technically, the index returned to the bullish bounce, building on a strong support floor of 15,860, accompanied by the positive motive for …
Read More »Dax Hits The Resistance
The primary resistance levels published during the technical analysis yesterday, represented by our first target for the DAX index at 16,190, were able to limit the bullish bias, forcing the index to trade negatively again after touching the required target. On the technical side, we tend to be negative in …
Read More »Dax is Looking For Extra Momentum
The German DAX index hit the vital supply area published during the previous analysis, at 16,290. We indicated during the last analysis that its breach is a condition of obtaining more rise. Today’s technical aspect indicates the possibility of continuing the daily bearish trend. Still, with a closer look at …
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