DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.


Summary of the session 20/06/2018

Wednesday’s session ended with an increase of 0.22%, it was not much after three sessions of stronger declines, there is a noticeable change in the trend. On Wall Street, the technological NASDAQ records further historical peaks, and the president of FED Powell says that the premises for higher rates are “strong”, and these are 100pb lower than the neutral levels. In Europe, Draghi notices a rise in core inflation and wage pressure, and by 2020 sees no economic crisis.


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Among the components of the DAX index, the best result was recorded by Volkswagen, which gained 1.41%, while the Deutsche Boerse company increased by 1.32%. The worst result was ThyssenKrupp falling 1.43%, and Daimler was below 0.74%. The total number of growth companies exceeded the number losing 384 to 320.

DAX Intraday

Today, index starts in the neutral area at the direction point, quite important in the first hours of trading should be 12,660, from yesterday’s session and local support 12,640. Squeezed narrowly pivot levels can suggest an approaching increase in volatility and impulse movement in either direction ( more likely upward move due to support on D1 and proximity to medium DMA 200).

A return over 12,700 would be a signal to complete the correction and the attack on yesterday’s maximum and higher to the monthly one with 12,800 points, alternatively a permanent descent at 12,600 will bring us closer to the test of the low from this week.

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