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DAX Forecast August 27, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 27, 2015, 05:10 UTC

The German index gapped lower at the open on Wednesday, but then went back and forth to test a couple of different areas. We closed just below the €10,000

DAX Forecast August 27, 2015, Technical Analysis

The German index gapped lower at the open on Wednesday, but then went back and forth to test a couple of different areas. We closed just below the €10,000 level, so we think that the market is trying to find a bit of support. If we can get above the €10,200 level, we would be buyers at that point. Pullbacks at this point in time have no interest for us as the volatility will be extreme in our opinion. We are just simply waiting for this market to continue to go higher over the longer term.


 

DAX Forecast August 27, 2015, Technical Analysis
DAX Forecast August 27, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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