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 22.11.2016
All the time buyers have an advantage on the Frankfurt Stock Exchange. Good mood is powered by Wall Street, where were given new historical highs. Investors expect the fiscal stimulus from the new administration of Donald Trump.
DAX once again returned to the level of 10700 points and is now fighting to break 10750 points.
DAX Intraday
The index rebounded from the support level S1 in the vicinity of 10700 pts. and on the graph you can see a pin bar formation and engulfing, which may indicate further upward movement. But first must be broken pivot point in the vicinity of 10740 points. The next resistance is at around 10780 points.
More technical analysis from Admiral Markets
Key data for DAX
09:30 – PMI manufacturing and services, for Germany
10:00 – PMI manufacturing and services, for the euro area
