2016-04-15_podsumowanie_sesji_pattern_VThursday was another day of gains on most of the indices, however range of these movements was really small, and some of indices had break and ended session close to the beginning: S&P500 +0.02%, NASDAQ -0.03%. Situation in Europe was a little better. French CAC40 +0.47%, German DAX +0.67%, English FTSE100 just +0.03%.

On Thursday DAX didn’t had problems with staying above 10,000 pts. Although session wasn’t too passionate because range of moves was less than 80 pts, but from the beginning bulls were in control. As a result DAX ended day on daily high next to another resistance just below 10,100 pts. On Wednesday volume was about 30% higher than last session’s average and yesterday was also slightly higher than usual.

Surrounding is helping German bulls. From one side EURUSD rebounded from higher band of consolidation, what gives a chance to continuation of decreases. On the other side strong S&P500 correlated with DAX. On DAX we can see V pattern which cannot help in declaring the range of upper movement but it shows the direction, so bulls should be in strong in near time. The closest resistance are at 10,100 pts and 10,180-10,200 pts. The closest supports: 10,000 pts, 9,910 pts.

YOU CAN START TRADING ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

2016-04-15_podsumowanie_sesji_CZ_FDAX-COM_H4

Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)