DAX Weekly Forecast 10-14 October 2022 We can see that currently the volatility is around 4.25% for this week, falling from the 4.53% from the last week. Currently there is around 18.2% that the asset is going to close either above or below the channel: TOP 12727 BOT 11623
The current volatility percentile is around 90th, placing us in a very risky environment. With this situations in general the market moves: AVG weekly bull candle = 1.83% AVG weekly bear candle = 2.5%
At the same time, there is currently a 73% that we will touch the high of previous weekly candle of 12674 and there is a 26% that we will touch the low of the previous week of 11894
From the technical analysis point of view: The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is below those moving averages)