Hello traders. The German DAX was prety quiet yesterday. The overnight high from the Asian session was never tested, the low from the initial balance was never tested. The trading session was contained within those levels and pretty much traded sideways. This meant there was no real momentum and that offered no interesting opportunities. I did trade a couple of times, from the DAX trading strategy, and sent a couple of signals, but the trades did not work out. That’s fine, today is another day. I remain optimistic about the direction of the DAX, I would like to see a break up to the 13,550 zone again. See more in the DAX technical analysis video below.
In other news, cryptocurrencies were rallying yesterday. LiteCoin, XRP, Ethereum and BitCoin all printed decent gains. Even if you do not believe in them, they remain an attractive speculative asset. But if like me, you do believe in the concept, then this is a positive first step to a bullish 2020 for crypto.
DAX Key Levels
|Point of Control||13440|
|Value Area High||13459|
|Value Area Low||13426|