Daily volume trading is a cycle of price behavior analysis, combined with the actual volume that is drawn from regulated market.
The DAX is moving in an upward trend. Today’s session opened with a bullish gap. Currently the quotes are in the vicinity of the trend line. The bullish impulse along with breakout over round level of 13500 points is likely to lead to further increase. Breaking up the trend line can lead to declines.The support is around the 13400 level round.
GOLD
Gold is testing support at $ 1275. This area coincides with 38.2% of the FIBO abolition of the last growth impulse. Increased demand activity can lead to further increases. Declines along with growing volume are likely to prolong the price drop.
GBPUSD
The price on the GBPUSD chart is supported by level 1.3150. Quotations have tested 50% of FIBO abolition. You can notice engulfing formation, which is confirmed by the volume. Further demand pressure will increase the chances of continuation of the impulse. Breaking down can lead to a higher sell of.
