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

Summary session 10/18/2016

After yesterday’s good session today from the morning we have downward correction. At night there was publication of data from China which were practically in line with market consensus and will make no big change to today’s trading. The market is waiting for tomorrow’s ECB meeting and further guidance on interest rate hikes in the US.

More technical analysis from Admiral Markets

On Tuesday the index again broke the level of 10500 – 10550 pts which should now act as support.

dax30daily-13

DAX Intraday

Let’s see how the situation on the intraday chart M15. The index broke the pivot point level in the area of 10600 points and is now heading towards the support S1 close to 10550 points.

dax30m15-12

Key data for DAX

  • 14:30 – permits for the construction of homes in the US
Error, group does not exist! Check your syntax! (ID: 3)

RELATED ARTICLESMORE FROM AUTHOR