Dax Analysis

The ACR target that I am talking about it 13,166-13,191. This price zone may not seem very significant, but when we consider the lack of pullback recently, it is an interesting one to observe. Of course, as with any technical analysis technique, sometimes the markets...

Strong price action yesterday on the German DAX index with a clean break above 13,000. The break held and continued to new highs on strong momentum. On the market profile chart below; we see that the initial balance formed above the previous day's high. This is a...

The DAX breaks 13000 this morning as European markets traded higher from the opening bell. We are seeing a lot of strong corporate earnings numbers coming out which is contributing to the momentum. Germany's manufacturing PMI data was also ahead of expectations this...

Good morning traders. With a break above 12,812, the German DAX index has continued its consecutive series of higher highs and higher lows. This means that the bullish trend is still in play. Let’s look at why 12,750 and 12,650 are important. The trend-defining level...

Good morning traders. The DAX index managed to break below (and close below) its value area low late last night and one of my questions today will be whether we will see the DAX return to the point of control at 12756. At the time of writing, the market has just...

Good morning traders. Before we answer the question of "Has DAX failed to break a major high?" let’s check how much economic data we have coming out today. Well, it’s actually pretty light on the data release front today, so obviously Brexit will continue to dominate...

Good morning traders, welcome to this morning's DAX technical analysis article. I'd like to share the DAX market profile breaking the previous value-area-low and range-extension-low after failing to tag the point-of-control, there is also a DAX Single Print Selling...

On the daily DAX chart I have drawn a regular pitchfork with the A point starting at the beginning of 2019, the B point at the July high and C point at the August low. I like how the price action responded to the median line during September and held above the lower...

My most recent article talked about how we can expect a retracement on the DAX but, as so often happens, the DAX has other ideas and defies gravity taking the current YTD growth to just over +19%. Despite the expected pullback, the DAX remains bullish with a...

Friday 27th SeptemberToday we found the short-term price action turning bullish again after yesterday's break through the previous days high. Today we have already broken yesterday's high. If we look left we can see that this 350 zone was a previous value area from...