Bullish Rise DE40 has just bounced off at the pivot and could rise to the next pullback resistance level which is close to 161.6% Fibonacci extension
Alternatively, if the price breaks below the pivot, it could continue to fall to the next support level level
Pivot: 17902
Support: 17657
Resistance: 18208
DAX making progress off of Friday lowThe DAX is showing relative strength following Friday's low. The hourly chart may be running out of puff, but that will bring support levels into focus.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Weekly Technical Analysis 15/04/2024Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP
DAX: Almost on the 1D MA100. Has it bottomed?DAX effortlessly made a -6.50% decline from the top and hit our 17,450 TP, crossing in the meantime under the 1D MA50 for the first time since November 10th 2023. Naturally its 1D technically outlook turned bearish (RSI = 41.378, MACD = 14.500, ADX = 36.627). In our view, it has or is very close to
fallingyesterday's NYSE dragged Ger40 but we can monitor the movement of GER40 and Tesla also impacted the downfall of the stock let's monitor our Technical movement and wait for a straight rebound
Potential bullish bounceThe DAX (DE40) has made a bullish reaction off the pivot which has been identified as a pullback support. Could this index potentially bounce higher towards the 1st resistance?
Pivot: 17,680.30
1st Support: 17,004.20
1st Resistance: 18,560.76
Risk Warning:
Trading Forex and CFDs carries a high
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Germany 40Pair : Germany 40 Index
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Exp FIAT as an Corrective Pattern in Short Time Frame
Fourth wave double zigzag? The possibility of a bigger correctioEsteemed analysts and traders,
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DAX bears lose control following Israel's retaliationThe DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads.
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may
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Frequently Asked Questions
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.
The champion of GERMAN STOCK INDEX (DAX) is XETR:RHM - it's gained 88.30% over the year.
The weakest component of GERMAN STOCK INDEX (DAX) is XETR:BAYN - it's lost 54.83% over the year.
The current value of GERMAN STOCK INDEX (DAX) is 18088.71 EUR — it has fallen by 0.27% in the past 24 hours.
GERMAN STOCK INDEX (DAX) value has increased by 1.83% in the past week, since last month it has shown a 0.65% decrease, and over the year it's increased by 14.22%.
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 lowest ever quote of GERMAN STOCK INDEX (DAX) is 372.30 EUR. It was reached on Nov 6, 1974.
GERMAN STOCK INDEX (DAX) reached its highest quote on Apr 2, 2024 — 18567.16 EUR.