Good morning traders, it’s Wednesday the 12th of February and time for today’s German DAX 30 analysis. We see yet another record high as fears of the Coronavirus begin to soften. Today will likely tell us whether the rally continues – or comes to an...
On Friday, we saw the DAX break, and close, below 13,000. that was the lowest closing level in over three months. However, the DAX is not giving up just yet. We saw a gap higher this morning. The market is targeting a return to the point of control 13097. Take a look...
The DAX would normally be expected to recover today, after hitting one of the lowest prices for the last three weeks. That’s because it’s the end of the month and there will probably be plenty of short-covering to confirm P&Ls. However, there are still a lot...
The downside momentum yesterday was strong on the DAX shedding over 300 points from the open and that’s not including the gap. This is twice the average daily range and takes us below the value area low for January. Let’s look at more in the 28-01-2020 DAX...
The DAX gapped lower this morning, down to the 13,400 handle and continued to sink further finding a low [at the time of writing] of 13,340. This zone is a pretty significant support zone and the market is asking the question “is there any more demand...
The German DAX outlook for today looks set to be quiet calendar-wise, but central banks will take the spotlight this week with the ECB (on Thursday) and Bank of Japan (Tuesday). We will also know more about the status of the global recovery with the release of flash...
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