DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity.
Summary session 01/26/2017
Yesterday, the stock markets was much calmer, although the major indexes in Europe, the USA and in Asia closed in positive territory. Today, the markets are waiting for the preliminary reading of US GDP for the fourth quarter. The data will be published in afternoon 14:30 (GMT+1) so today’s session on
Frankfurt trading floor can be quite calm until this time.
DAX broke the barrier of 11800 points. and this level is now a support. In turn, the next resistance is located in the vicinity of 12000 points.
DAX consolidates just under level of resistance at pivot point in the vicinity of 11845 points. Breaking this level will open the way to R1 in the vicinity of 11885 points. In turn, the next support is at around 11830 points and 11800 points where we have S1.
Key data for DAX
14:30 – Gross Domestic Product in Usa