Dax Outlook Week 27
The Dax broke through the 6’280 and easily reached 6’416 for the weeks close after EU ministers agreed to losen credit requirements. The VDax fell to 21.53, the MACD is still bullish and the RSI is neutral. Last week 6’280 …
Tag: Dax Outlook
Dax Outlook Week 26
Last week we had some strong upward momentum at the beginning but then we fell sharply, marking a high of 6’427 on Thursday and a low 6’256 on Friday. Friday’s candle was indicated a “Shooting Star” which is a sign …
Dax Outlook Week 25
Last week the Dax reached a low of 6’073 on Thursday but the rose to 6’229 on Friday in high volume trading. The market expects actions from the central banks adding more liquidity. The VDax rose to 29.57, the MACD …
Dax Outlook Week 24
The Dax dropped below 6’000 marking a low of 5’969 at the beginning of last week before advancing to 6’230. It wasn’t able to hold up there and eased back to 6’130 for the weeks close. The VDax retreated to …
Dax Outlook Week 23
The Dax was further losing ground during last week. It fell from a high of 6’426 on Monday to 6’050 on Friday. Further discussions of a Greek Eurozone Exit in combination with disappointing economic data brought the shares down. The …
Dax Outlook Week 22
The Dax rose nearly to 6’400 last week but wasn’t able to hold the gains and closed the week around 6’340. Discussions about a possible Greek exit of the monetary union were bringing hsares down. The VDax dropped slightly to …
Dax Outlook Week 21
The Dax continued to fall throughout last week marking lower highs every day. It closed the week at 6’271 points. The VDax rose tp 27.65, the MACD continued bearish and the RSI shows an oversold situation. For the coming week, …
Dax Outlook Week 20
Last weeks prognosis proved wrong. The Dax went straight down and marked a low of 6’375 on Wednesday but then closed at 6’579. Market participants are still feeling insecure about the current situation in Europe. The low on the 9th …
Dax Outlook Week 19
Despite the bank holiday on 1st of May, the Dax moved more than 300 points last week undershooting my prognosis(turquoise). It went through the 6’600 and hit the top of the previous downtrend at 6’546 before recovering slightly. Most likely …
Dax Outlook Week 18
After a test close to 6’480 the Dax turned and recovered every day from Tuesday to Friday and closed last week at 6’801. Good news during the week and especially good U.S. consumer spending were the drivers of the recovery. …