Dax Outlook Week 02
Market participants obviously decided to launch some firework at the first trading day of the year. The Dax gapped up to a high of 6179 that day and clearly broke out of the downtrend and through the moving averages for …
Tag: Technical Analysis
Dax Outlook Week 01
Happy New Year!!! Last week the Dax endet flat, starting the week at 5900 then dipping to a low of 5771 before recovering back to 5898 and closing there. All of that happening on lower end of year volumes. The …
Dax Outlook Week 52
This is gonna be a short one because of Christmas holidays. The Dax managed to gain some ground last week and recovered to 5878 by the end of the week. The VDAX fell to 25.77 signalling a more bullish environment, …
Dax Outlook Week 51
Right at the start of week 50 the Dax lost quite some ground and fell below the moving averages. For me the prospect of a year end ralley becomes more unlikely now. In the coming week 51 I can see …
Dax Outlook Week 50
Week 49 opened around 6137 and after reaching a high of 6170 on the same day, the market just went downwards going towards the levels before the previous weeks jump. The rise above the 61.8% Fibonacci level probably took some …
Dax Outlook Week 49
The band continued to play on, even as the bow dipped lower and lower. Week 48 really started strong and later on when Central Banks announced ther combined effort to fight the crisis by bringing down swap rates led to …
Dax Outlook Week 48
The Dax started the week 47 with a fall of more than 100 points. Whilst the 5600 level (50% Fibo) only served as support on Monday the Dax’s strong fall came to a halt around the 5400 on Thursday and …