DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives a lot of trading opportunity
Summary session 11.03.2016
It looks like we can expect today another bearish session on the Frankfurt Stock Exchange. The mood got worse after that, as in the polls Donald Trump began to catch up with the candidate of the Democratic Party. Today will be the most important data from the US labor market.
Indeks DAX reached yesterday the level of support in the area of 10300 pts., now heading toward 10250 points.
Let’s see how the situation looks like on the intraday chart M15. DAX after the opening of the session reached the level of S1 10260 points. Breaking this area will open the way to S2 10220 points.
Key data for DAX
13:30 – The situation on the labor market in the US – NFP
Pivot Point indicator used in the above analysis of the DAX 30, see the appendix Supreme Admiral Markets MT4 platform MetaTrader 4.