DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity
Summary session 22.03.2017
Yesterday’s session ended in a somewhat better mood. DAX index closed on -0.48%, but the S&P 500 +0.19% and this morning the Nikkei also came a little more than a dash, just 0.23%. However, investors are still waiting for vote on Obamacare. Amendments to the health care system in the US are necessary to start the tax cut promises made by Administration Donald Trump.
DAX index remained above the level of 11900 points., And on the daily chart appeared a candle formation- hammer, which signals the end of the downward movement. The nearest resistance level is at around 12,000 points. However, if level of support 11900 points will be broken, another is close to 11800 points.
DAX Intraday
The nearest support level is located around pivot point 11910 pts, defending it will move DAX30 in direction of R1 11970 points. In turn, breaking pivot point and 11900 points opens way to S1 11870 points.
Key data for DAX
13:45 – Speech by Fed Chairman Public (Janet L. Yellen)
