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DAX Forecast August 3, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 1, 2015, 05:22 UTC

The DAX as you can see fell initially during the course of the session on Friday, but found support just as we did on Thursday. On top of that, the

DAX Forecast August 3, 2015, Technical Analysis

The DAX as you can see fell initially during the course of the session on Friday, but found support just as we did on Thursday. On top of that, the Wednesday session also formed a hammer, so really this point in time it looks like the DAX is going to be one of the stronger performers out there. We have no interest whatsoever in shorting this market, as it should continue to be fairly strong given enough time. We believe that pullbacks offer buying opportunities as well, and will continue to favor the DAX over most indices.

 

DAX Forecast August 3, 2015, Technical Analysis
DAX Forecast August 3, 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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