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 11/11/2016
Not for long lasted fear after victory of Donald Trump in presidential elections . Investors now expect even greater growth through reforms that wants to introduce newly elected president, just like such as lowering taxes.
On Friday Dax remained in the vicinity of resistance 10700 – 10750 points. This week began with a downward correction, but the index is still fluctuating around that area 10700 – 10750 points.
DAX Longterm
The index after breaking the downward channel fell into consolidation. Currently, breaking the level of 10700 – 10750 points opens the way to a zone of round handle 11000 pts., and then to the highs from November last year close to 11300 – 11400 points.
More technical analysis from Admiral Markets
Key data for DAX
16:00 – Speech by ECB chief (Mario Draghi)
