DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives a lot of trading opportunity.

Summary session 11.08.2016

It happened, Donald Trump will be 45th president of the United States. After Brexit it is another surprise in this year. In the near future we can see high volatility on the market. Investors should be more inclined to less risky assets , such as Gold and the Swiss franc CHF.
Dax opened with a very large bearish gap, but most of the losses has been regained, and the gap has been closed. After closing the gap, we can return to the declines.

DAX Intraday

Let’s see how is the situation on the intraday chart M15. DAX index rebounded from the support level S1 and S3 now tends toward the 10,300 points level. Breaking this area will open the way to 10250 points.

More technical analysis from Admiral Markets