DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is a very high volatility which gives ample of trading opportunity
Summary session 19.01.2017
Yesterday’s ECB meeting has brought considerable volatility, but mainly on the currency market. The ECB did not change anything in its monetary policy. DAX behaved stable in yesterday’s session.
The index DAX went up again to resistance level at around 11650 points. Breaking this area will open way to 11800 points. But for now nothing indicates this. In turn, the next support level is located around 11500 points.
DAX Intraday
DAX after opening of the futures market broke yesterday consolidation. Further falls below 11570 points should open the way to 11545 points. On the other hand breaking pivot level in the vicinity of 11600 points should direct the index towards resistance R1 11630 .
Key data for DAX
10:00 – Results of retail sales in the UK