DAX is one of the most popular index in the world. It is listed on the Frankfurt Stock Exchange. Every day there is a very high volatility which gives many trading opportunities

Summary of session 10/7/2016

Quite cautiously began today’s session as investors await key data of the month, namely the publication of the report of the US NFP. Yesterday index defended the level of support at around 10500 – 10550 points. Today, once again it takes an attempt to break this area but failed until now.

More technical analysis from Admiral Markets

dax30daily-5

DAX Intraday

Let’s see how is situation on the intraday chart M15. The index reached the support S2 in the vicinity of 1,480 pts. After that a large candle creates engulfing pattern. Currently the index is fighting to break the level of S1 in the vicinity of 10540 points and returns to the Pivot Point in the vicinity of 10600 points.

dax30m15-3

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