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

Summary of session – September 29th

Yesterday’s session was bullish. The bears didn’t have much power and there was this kind of optimism from the oil market.

The capitalization of the German index increased by 0.74 percent. Bullish candle this strong means upward trend today.

dax30-d1-admiral-markets-2-768x4212x

DAX Intraday

Let’s see how the situation looks on the M15 time frame. The buyers are very active and there is a growing gap created. There is also a bull M15 candle as well. If the candle will close above the R1 level then the base scenario would be increases to the R2 level as a resistance zone.

dax30-m15-admiral-markets-768x4212x

Most important for DAX today:

14:30 – USA – GDP (QoQ)
22:00 – USA – Fed Chair Yellen Speaks

Error, group does not exist! Check your syntax! (ID: 3)