Dax Outlook Week 12
After the recent pullback the Dax started off and rose from 6869 to a high of 7194 last week. It could not sustain this level and eased slightly to 7158 by the end of the session. Still a massive gain …
Tag: Technical Analysis
Dax Outlook Week 11
The DAX fell off sharply last week. Although the preferred scenario did not materialize, the second scenario did. The index broke 6850 and fell to almost 6600 on 07.03.12. The VDAX recovered during the week to 19,81, RSI is in …
Dax Outlook Week 10
The Dax still traded below 7000 last week. The current situation would make a test of the 7000 very likely, although last weeks high was 6974. The VDAX fell further to 19,41, RSI is in the neutral zone and the …
Dax Outlook Week 09
Instead of going down and then recovering, the Dax decided to go up first then retrace and then recover again. The VDAX eased further to 20.83, RSI is in the neutral zone and the MACD still in bearish territory. A …
Dax Outlook Week 08
My prognosis of a retracement was definitely proven wrong last week. Whilst being sideways at the start, it opened lower on Thursday but recovered sharply during the day and also on Friday. ECB starting to exchange Greek Bonds as a …
Dax Outlook Week 07
After the huge rise at the beginning of February the Dax continued to make higher highs but also could not sustain them during the week. Insecurity about Greece’s measures to tackle the crisis led to a sell-off on Friday closing …
Dax Outlook Week 06
The Dax continued its steeper and steeper uptrend during last week, meaning my porgnosis of a consolidation was definitely wrong. On Friday better US jobless data fuelled a rallye in the Dax causing it to rise about 100 points. The …
Dax Outlook Week 05
No new lines added to the chart this week, as it seems we have enough lines on the chart . Last week the uptrend continued and even got slightly steeper (when looking at the lows). The Dax broke through the …
Dax Outlook Week 04
Last weeks preferred scenario (green dotted line) did not really materialize in the market. The Dax did not trade down but instead shot up to highs of around 6430 by the end of the week on the back of good …
Dax Outlook Week 03
Last week the Dax behaved quite well even overshooting the preferred scenario (green line) until Friday when bad news on Greece darkened the picture again and initiated a sell off. The VDAX dropped from dropped further to 24.9, RSI is …