After the announcement of the ECB to buy bonds for 60 billion each month till September 2016, the Dax shot above 10’600 points. The MACD is bullish, the RSI is slightly overbought and the VDAX is down to 19.61. For …
The Dax broke through the resistances last week and reached 10’228 on Friday. News that the Swiss National Bank is dropping to support the 1.20 floor on the EURCHF Exchange rate led to high volatility on currencies and shares. The …
Last week the Dax recovered a bit but was not able to cross above 9’830. It has formed a wedge now (in maroon) and a breakout to the top would offer a further potential of around 500 points. The MACD …
Not the most wonderful start into the new year. On the first day of the second week the Dax lost around 3% falling below its 10-day MA. Concerns over a possible win of the left wing party of Greece put …
After a bearish engulfing which covered the past 6 trading days, the Dax broke reached a new all-time-high closing the week at 10’087 points. The MACD is bullish, the RSI is overbought at 71.3 and the VDAX is 14.11. Whereas …
The Dax moved with great strength through the resistance at 9’400 and moved on towards the previous high at 10’034. The MACD is bullish, the RSI is overbought and the VDAX is 15.21. The coming week will show if the …
After the recovery on Monday, a Doji on Tuesday led to a reversal back to the downward trend. The trading in the Dax showed some indecision with small bodied candles at the end of the week. The MACD is still …
The Dax returned from its lows and recovered even with a gap on Friday after the announcement of the Bank of Japan to provide some money to the markets. The MACD is bullish, the RSI recovered to 58,85 and the …
After a sell-off down to 8’355 on Thursday the Dax developed a candle with a long lower shadow and closed only marginally lower than the previous day. This move accompanied with the high volume gives the impression that temporarily a …
Down, down,down… The selling to 8’950 took place the last week but it didn’t stop there. Late on Friday 8’763 was reached. The MACD is very bearish, the RSI is at 22 and the VDAX rose to 19,80. After this …