7 posts

27-07-2018 Dax

27-07-2018 Dax Technical Analysis

A key price driver was the result of the crisis meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker the night before, when both sides had surprisingly agreed on a plan to settle the customs dispute. Trump and Juncker now want to start discussions on the complete abolition […]

26-07-2018 Dax

26-07-2018 Dax Technical Analysis

26-07-2018 Dax News Automotive stocks were under pressure on yesterday. The  Italian-American automaker FiatChrysler issued a profit warning and as a result, BMW, Daimler, Volkswagen, the automotive supplier Continental and the semiconductor specialist (for the car industry) Infineon, fell by as much as 3.5 percent. Even the largest US automaker GM lowered […]

25-07-2018 Dax

25-07-2018 Dax Technical Analysis

Good morning traders, 25-07-2018 Dax 60m Chart The two main things to look at will be the trend defining low which is ‘385 current ‘775 trend-defining high. This high needs to be broken in order to continue our bullish trend.  I originally had an ACR line set drawn on this chart and was […]

14-06-2018 Dax

14-06-2018 Dax Technical Analysis

The German stock market was expected to start weaker on Thursday morning after the US Federal Reserve’s interest rate decision. Banks and brokers expect the Dax to open down 0.3 percent lower. On Wednesday, the index gained very little and has formed a Doji on the daily chart. The prospect […]

15-05-2018 Dax

15/05/2018 Dax Technical Analysis

The Dax has completed its major Bullish Impulse leg higher and is currently in a major Bearish Reaction leg lower. Let’s look at a few charts. If we start by looking at the TPO chart under this text, we can see three red arrows pointing at POCs (Point of Controls). […]