Good morning traders, it’s Friday the 22nd of May and time for today’s German DAX 30 analysis.

DAX 30 Review From Last Session

During the last session, we saw the DAX 30 find a session high of 11206 and a session low of 11033 giving us a range of 173 points compared to the average daily range of 263. At the close of play yesterday, we closed at 11074 which was 646 points below the 200EMA and 270 points above the 50EMA.

DAX Key Levels

Moving on to the key levels to watch today, watch out for the previous session Point of Control (POC) at 11081. Today’s initial balance is between 10861 and 10932, so watch for a momentum break of either of those two levels. The value area high is currently 11125 and the value area low is currently 11056.Here are some more levels to watch out for:

  • The 5 EMA (Daily): 10964
  • The 8 EMA (Daily): 10914
  • The 50 EMA (Daily): 10804
  • The 200 EMA (Daily): 11720

DAX Technical Indicators

StochasticK: 68 and D: 82
Point of Control (POC)11081
Value Area High (VAH)11125
Value Area Low (VAL)11056
The DAX Pivot11104
The DAX R211277
The DAX S210932
22-05-2020 DAX
22-05-2020 DAX
22-05-2020 DAX