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 ample of trading opportunity
Summary session 12/13/2016
DAX yesterday moved firmly upfollowing US indexes, which set new historical highs. Today the most important event will be the FOMC meeting. Rate hike is almost certain, it will be more important what will happen with interest rates in 2017.
DAX broke the 11,200 point level which opens way to rise to the level of 11400 points. Today in the morning we have a slight correction, and the said level of 11200 points should act as a support.
DAX Intraday
DAX index was unable to break the pivot point level in the vicinity of 11245 points. On the chart appeared a bobbin, which indicates momentary indecision. Breaking high of the bobbin bar close to 11275 points should pave the way for yesterday’s highs at around 11300 points., and then to the resistance R1 11345 points.
Key data for DAX
20:00 – Decision on rates by FOMC
