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 11/15/2016

DAX index ended yesterday’s session in positive territory 0,13%. It keeps the mood of the day after  Donald Trump victory in the US presidential election. Contrary to expectations, investors are looking with hope at new president and expect that his policies will accelerate the pace of economic growth.

DAX index still remains above the support of 10700 pts., A clear breakdown of zone 10750 points  opens the way to the October peaks in the vicinity of 10830 points.

DAX Intraday

The index cannot break the pivot point level in the vicinity of 10730 pts., which may suggest the return to the level of support S1 in the vicinity of 10700 points. In addition, on the chart you can see a pin bar formation in the vicinity of the PP, which also suggests a move to the south.

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Key data for DAX

14:30 –  Producer Inflation in the US