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 January 22, 2018
Monday’s session on the German index ended with an increase of 0.22% and was a continuation of the growth from last week. After the closing of the European session we had reached the level of 13,500 and today at the opening the market approached 13,600 points, which set the All Time High for this index
After more than four months without forming a government in Germany (in the best case negotiations will end in February) and the unrest associated with it, investors seem to follow bullish market on SP500.
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DAX Intraday
The index after 52 sessions recorded the maximum of the bull market, being definitely above 13,500 points. The opening above the resistance point R1 already indicates the great power of buyers, however, maintaining such high opening can be difficult in the following hours and as a consequence will bring prices to the balance region, ie the opening level and even lower to 13,475 points.
After 9:00 AM, the DAX is traded at DR2, and the upper limit of the growth channel is slightly higher. The furthest point of resistance is as high as 13,650 points.
