DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.


Summary of the session 26/04/2018

Thursday brought growth on the German index by 0.63%, the DAX returned over 12,500 points. The Gfk index measuring consumer climate published yesterday remains at a high level (10.8 vs. 10.9 previously), which is a good signal after the disappointment with IFO. Among the components of the DAX index, the best result was recorded by Fresenius Medical Care, which gained 2.71% and Volkswagen increased by 2.66%. The worst performers were Deutsche Lufthansa, which dropped as much as 5.31% and Deutsche Bank after the results were below 1.30%.

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DAX Intraday

The market came out yesterday over the Pivot direction point and stayed there until the end of the session, today the growth is continued, the course “escapes” up. There is a lot to fight for because the weekly candle can become bullish. The bull’s target is DMA200 and more locally resistance R1 at 12,640.

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