The  DAX 30 enjoyed a decent recovery rally on Friday. Traders were inspired by hopes of a speedy breakthrough in the US-Chinese tariff dispute, and then buoyed further by a strong US employment report. NFP eased some of the recent concerns over the global economy. However, at the same time, the US Federal Reserve (Fed) signaled a cautious monetary policy. Standard.

So after the rollercoaster ride at the beginning of the year traders hope for a general recovery on the stock markets. The markets are currently caught in a state of anxiety, but perhaps there is no need to be too pessimistic. If we consider the losses of the Dax in December, there is a relatively large potential for a continued recovery rally.

Looking even further back, the year 2018 was a very negative year for the DAX30. It was the first major losing year since 2011 and the biggest loser since the global financial crisis ten years ago. In the first three trading days of the new year, the DAX30 made little progress. So we are due for some momentum.

Looking forward the stock markets could catch the tailwind from the trade talks between the USA and China, which are due at the beginning of this week. A US delegation is expected to attend “positive and constructive discussions” in Beijing on Monday and Tuesday, the Chinese Ministry of Commerce said. We do not expect a breakthrough, but the potential for positive surprises is there.

07-01-2018 Dax Charts

07-01-2019 Dax Technical Analysis 1

07-01-2019 Dax Technical Analysis 2

07-01-2019 Dax Technical Analysis 3

07-01-2018 Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  10607 6844 23413 3049
Value Area High :  10782 6867 23523 3055
Value Area Low :  10560 6778 22961 2999
VWAP :  10662 6806 23132 3021
R2 :  11055 6953 24112 3109
S2 :  10363 6670 22237 2942
Pivot :  10709 6812 23175 3025
Camarilla Breakout (Bull) 11000 6918 23925 3095
Camarilla Breakout (Bear) 10619 6763 22894 3003

Useful Website Links

MY TRADING HISTORY
https://thedaxtrader.co.uk/daxtrader-signals-results/

POSITION SIZE CALCULATOR
https://thedaxtrader.co.uk/calculator.html

DAX NEWS
https://thedaxtrader.co.uk/dax-news-feed/

TRADING ACADEMY
https://thedaxtrader.co.uk/daxtrader-academy/

THE DAX STRATEGY
https://thedaxtrader.co.uk/dax-trading-strategy/

THE DAX LIVE ROOM
https://thedaxtrader.co.uk/live-trading-room/

FREE SWING TRADING BIBLE
https://thedaxtrader.co.uk/swing-trading-bible/

FREE TELEGRAM CHANNEL
https://t.me/DaxTraderChannel

ABOUT MEMBERSHIP HERE
https://thedaxtrader.co.uk/daxtrader-membership/

ECONOMIC CALENDAR
https://thedaxtrader.co.uk/economic-calendar/

LIVE DAX CHART
https://thedaxtrader.co.uk/dax-chart-interactive/


Watch live video from thedaxtrader on www.twitch.tv