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 27/04/2018

Friday’s session ended with an increase of 0.64%, while the whole week the DAX index ended up at a positive 0.32%, despite a solid fall last Tuesday. The entire previous week was characterized by increased turnover. Friday’s PPI readings were higher than recent (0.1% vs. -0.1%).

Among the components of the DAX index, the best result was recorded by Covestro, which gained 1.96%, while the SAP company increased by 1.87%. The worst was RWE dropping by 7.28% and Deutsche Bank’s loss by 3.36%.

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DAX Intraday

The last session of the month promises to be very interesting, the session opened above 12 600 points. Despite the direct proximity of average DMA 200 bulls do not give up, it’s the second approach to this area this month. In the case of continued growth and so-called window dressing, we can witness dynamic movement, especially since the monthly candle looks very impressive (similar to September 2017).
Currently, the price has returned to the channel from which it broke out on Thursday, support is the lower limit and the level of 12,540. Directional point is 12,590. A possible threat to growths is a possible formation of the head with arms, while the breaking of Friday maxima will negate this scenario and will be a clear invitation to continue growth.

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