DAX is one of the most popular indices 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 session 11.07.2016

Since yesterday, the markets are living with elections in the United States. The sentiment of the markets depend on them. Winning of Democrats candidate should call the optimism in the markets and vice versa. Tomorrow everything should be clear.

Yesterday we saw an upward correction. The course opened with a bullish gap and the day also ended in positive territory. Today in the morning DAX attempts to continue the growth.dax30daily-4

DAX Intraday

Let’s see the situation on the intraday chart M15. DAX index rebounded from the pivot point in the vicinity of 10440 points. and is now heading towards the next peak in the vicinity of 10475 points. Breaking them open the way to resistance R1 at 10500 points.

More technical analysis from Admiral Markets

dax30m15-4

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