GER40 about to test key supportGER40 sold off last week is about to test a key support level for likely reversal to the upside..
De30Germany market going bullish side. Just follow my analysis if u like it . Stop loss follow & take profit open.
$DAX is consolidating at the top XETR:DAX is so far pulling back from 19000 it touched. A break below 18000 needs to be confirmed for us to be certain that reversal is fully triggered
GER40 Confirmed a Double Top Pattern or Something SimilarGER40 Confirmed a Double Top Pattern or Something Similar
The price broke out from the neckline of the pattern by confirming
in this way a bigger bearish wave.
It is still too early and DXY can make a small correction before it moves down more.
However it looks really good also with the current
GER40 may test 18300 before moving lower againGER40 may test 18300 before moving lower again
From our previous analysis, GER40 decreased after a larger transformation than expected.
These days it is possible that GER40 may rise up to the structure area located near18300
before resuming the decline again.
This is what GER40 is showing with t
Heading into pullback resistance, could it reverse?DAX40 (DE40) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 18,700.48
1st Support: 18,517.05
1st Resistance: 18,808.45
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with mo
Bearish drop?DAX (DE40) is reacting off the pivot which acts as an overlap resistance and could potentially drop to the pullback support level.
Pivot: 18,396.65
1st Support: 18,225
1st Resistance: 18,531.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only
#202425 - a weekly price action market recap and outlook - daxGood Evening and I hope you are well.
dax cfd
Quote from last week:
comment: Market in total balance inside key levels. It’s the 4th consecutive bear week but we are still above the midpoint of the first week of May where dax gained 800 points. This selling is as weak as it gets and that’s why
DAX end of the bullish cycleOPINION, NOT FINANCIAL ADVICE.
Long term trend exhaustion, 2nd impulse reached 100% of the 1st, with big weekly divergences on the weekly RSI. There is also a big rising wedge
On the Elliott wave counts, does not look like a new bull market to me, but an overextension of the C wave in a correction f
DAX rising weaklyMarkets rose on Wednesday, recovering losses from the previous session in anticipation of important data on regional activity and awaiting the ECB's latest monetary policy meeting. At the open, it was up 0.4%. It was followed by the French CAC40 and the FTSE 100 with 0.5% and 0.3% respectively, and
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Frequently Asked Questions
The current value of GERMAN STOCK INDEX (DAX) is 18130.72 EUR — it has risen by 0.35% in the past 24 hours. Track the index more closely on the GERMAN STOCK INDEX (DAX) chart.
GERMAN STOCK INDEX (DAX) reached its highest quote on May 15, 2024 — 18892.92 EUR. See more data on the GERMAN STOCK INDEX (DAX) chart.
The lowest ever quote of GERMAN STOCK INDEX (DAX) is 372.30 EUR. It was reached on Nov 6, 1974. See more data on the GERMAN STOCK INDEX (DAX) chart.
GERMAN STOCK INDEX (DAX) value has decreased by 1.98% in the past week, since last month it has shown a 3.11% decrease, and over the year it's increased by 11.42%. Keep track of all changes on the GERMAN STOCK INDEX (DAX) chart.
The champion of GERMAN STOCK INDEX (DAX) is XETR:RHM — it's gained 90.10% over the year.
The weakest component of GERMAN STOCK INDEX (DAX) is XETR:BAYN — it's lost 49.37% over the year.
GERMAN STOCK INDEX (DAX) is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy GERMAN STOCK INDEX (DAX) futures or funds or invest in its components.
The GERMAN STOCK INDEX (DAX) is comprised of 40 instruments including XETR:SAP, XETR:SIE, XETR:AIR and others. See the full list of GERMAN STOCK INDEX (DAX) components to find more opportunities.