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

Summary of session 10/13/2016

European indices began sessions with decreases after yesterday FED minutes. Some members of the FOMC are in favour of a relatively rapid rise in interest rates in the United States. Record of the last meeting prejudges increases at the December meeting, which spoiled the mood on the stock markets.

More technical analysis from Admiral Markets

DAX broke through the support level of around 10,550 -10,500 points. and moving to the next in the vicinity of 10,300 – 10,250 points.

DAX Intraday

Let’s see the situation on the intraday chart M15. The index broke support S2 and S3 close to 10,400 points. Currently we have upward correction, which may end in the area of 10,400 pts., and then we should return to the downward movement. Wait for the Price Action signal confirming a return to the downward movement. Currently you can see creation of Pin Bar:

Key data for DAX

14:30 – Continuing Jobless Claims