DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is a very high volatility which gives many trading opportunities.

Summary session 10.28.2016

Monday starts from declines on the Frankfurt stock exchange. Good data on US GDP which were published on Friday did not help. The readings were higher than forecast, but market expectations turned out to be even higher, and also the fourth consecutive quarter, capital investments are falling

The index is still below the level of resistance at around 10,700 points. In turn, the next support is located close to 10600 points.

DAX Intraday

Let’s see how is  the situation  on the intraday chart M15. DAX moves towards the pivot point 10650 points. After breaking this area  price should aim towards the circular 10600 points.

Key data for DAX

11:00 – Gross Domestic Product, in the euro area

11:00 – HICP inflation estimates (y / y) in the euro area

Pivot Point indicator used in the above analysis of the DAX 30, see the appendix Supreme Admiral Markets MT4 platform MetaTrader 4.