DAX moving in the channel between 10600-10800 I see stochastic intersects its means upward movement
2016/11/17. DAX stock index forecast for next months and years. DAX index forecast for November 2016. The forecast for beginning of November 10511. Maximum value 11402, while minimum 10112. Averaged index value for month 10696. The index at the end 10757, change for November 2.34%. DAX forecast for December 2016. The forecast for beginning of December 10757....
Dax will most likely go to 10100 with a pullback to 10300. The winner of the elections will probably determine the direction afterwards. Trump will most likely cause it to go to 9700 area whereas Clinton cause bulls to enter the arena.
The stage is set for a new all-time high in the DAX 30 Major resistance- 10720 (trend line joining 10806 and 10777) I waiting maximum 11000 until december
GER 30 LONG SETUP UNTIL AND OF THE OCTOBER
Today we have the big NFP event again. With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus. Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower...
With price creating a small pullback after Fridays bullish move we can see that "Dax" is potentially heading towards previous highs at "10700" This trade is a simple intraday move and was triggered due to price action, a break and retest creating higher highs and lows.