DAX is one of the most popular indices in the world. It is listed on Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity.


Summary session 27.02.2017

After a weak Friday last week, Monday’s session looked much better. The mood on the stock markets saved Americans, who finished last week on plus in oposition to Europe. Yesterday DAX rose by 0.16%. The Japanese Nikkei this morning also closed on positive territory with a small ratio of 0.06%. Today markets are waiting for the occurrence of Donald Trump before Congress and the presentation of changes in taxes, of which he spoke earlier.

Index on Friday fell more than 1%, but stopped at an important level of support at around 11800 points. In turn, the next resistance level is at around 12,000 points.

DAX Intraday

After opening the futures market index rebounded from the level of the pivot point in the vicinity of 11830 pts., and on chart appeared a pin bar, which may indicate bullish movement after opening of the cash market. The nearest resistance level is at around 11870 points.

Key data for DAX

14:30 – Gross Domestic Product, rev. in USA

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