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


Session Summary 28.11.2017

The last session on the German DAX ended with a strong increase of 0.46% and moved away from support at 13,000 points. This is a great achievement of Americans who left no doubt who controls the situation on the stock, creating another high in the bull market.

Yesterday, we also got consumer sentiment in Germany, which remained at a high 10.7 readings against the expected 10.8, last month it was also 10.7.

DAX Intraday

The second day in a row the price turns very close to the first Pivot S1 support and then it bounces harder. At yesterday’s session bulls even managed to cope with a 200-hour moving average, the first time since 8 November.

At the opening of today’s session, the bulls from 8 am are trying to continue the upward movement, from the morning can be seen a lot of interest on the BID side. A few minutes after the opening of the cash market index DAX reports on the first stop – 13 175. Attempts to sell the market only after a clear candle formation. Target is 13 060 points.

DAX Longterm

On the daily chart, Dax’s market yesterday joked from Inside Bar that as soon as it had been broken down, it immediately returned to its high, breaking its resistance on the other side. In addition, the closure fell above the monthly Pivot.

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