3Dax Intra-day Chart (4 hour)

Dax Technical Analysis 14/09/2015

We posted a bullish candle last week on the Dax, closing above the 10,000 level and we even attempted to break inside of the bearish trend channel on the weekly chart piercing through from the udnerside and making a high of around 10,500 however we closed below the channel suggesting a rejection.

5Dax Intra-day Chart (5 minute)

Dax Technical Analysis 08/09/2015

We are at an interesting juncture right now with the Dax threatening to test the upper range bound after a strong early morning rally. The reason for the rally is likely the release of some decent eurozone numbers; year over year growth increasing 1.5% which is a big number.