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 14.11.2016

Yesterday, on the Frankfurt Stock Exchange we observed a slight decline after the strong rally from the previous week. Investors wonder about the plans for the new US president Donald Trump.

DAX index stood at around 10700 points support level, suggesting further growth at the end of a downward correction. The next resistance level is located near recent highs 10830 points.

DAX Intraday

The index broke through the support level at around 10,700 and  currently paused slightly lower in the vicinity of 10680 points. Breaking this support will open the way to S1 in the vicinity of 10650 points.

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Key data for DAX

11:00 – ZEW index