Weekly Technical Analysis 15/04/2024Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP
About DAX Index
ISIN
DE0008469008
FIGI
BBG000HY4HW9
The German stock index DAX 40 (GER40) was introduced under "DAX" on July, 1st in 1988 by the Frankfurt Stock Exchange. It consists of the 40 largest companies listed on the Frankfurt Stock Exchange based on the market capitalization and liquidity. The trading hours for the Frankfurt Stock Exchange take place from 9:00 a.m. to 5:30 p.m. CET. The DAX40 is usually reported as a performance index, which means that the dividends of the companies are reinvested.
DAX short-term traders are bullishThe DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are
A sell on German 30Using my strategy, a triangle set up, commonly known as the breakout structure. I enter my trade at a retest of a sensitive area (a area with multiple touches) and I place my Tp at the base of the triangle therefore making me a swing trader as some trades take a day or more. And this one isn't any d
fallingyesterday's NYSE dragged Ger40 but we can monitor the movement of GER40 and Tesla also impacted the downfall of the stock let's monitor our Technical movement and wait for a straight rebound
DAX daily showing signs of churn, but shorter-term supportedThe DAX daily chart is showing signs of consolidation, but the short-term market participants are constructive.
IF the short-term momentum holds, there will be something to work with.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global
GER30 - Look for a short ✅Hello traders!
‼️ This is my perspective on GER30.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement and then to reject from trendline + S/R zone for a sell position.
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Bearish Channel IdentifiedThe DAX (DE40) is trading within a bearish channel and is rising towards the pivot which has been identified as a pullback resistance. Could this index stall around this level before potentially reversing to resume the downtrend?
Pivot: 18,203.60
1st Support: 17,888.30
1st Resistance: 18,422.50
Fourth wave double zigzag? The possibility of a bigger correctioEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dep
BUY NOW German Index shifting bullish gears. Price gave me a signal to buy.
As you can see. the 1-Hour market structure made a new higher high by breaking previous higher low signaling market shifting to bullish once again.
Stop loss at the recent lows.
Targeting 18750.
GER30 Long Position Detailed Trade IdeaThis trade idea for FX:GER30 GER30 PEPPERSTONE:GER40 is sculpted with a bullish outlook, premised on the precision of Fibonacci levels and structured entries.
Technical Detail:
The setup has been meticulously planned with two Fibonacci retracement levels — 75% and 89% — serving as strategic
See all ideas
Frequently Asked Questions
The current value of DAX Index is 17837.40 EUR — it has risen by 0.38% in the past 24 hours.
DAX Index value has decreased by 1.43% in the past week, since last month it has shown a 0.53% decrease, and over the year it's increased by 12.54%.
DAX Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy DAX Index futures or funds or invest in its components.
The lowest ever quote of DAX Index is 372.30 EUR. It was reached on Nov 6, 1974.
DAX Index reached its highest quote on Apr 2, 2024 — 18567.16 EUR.