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DAX forecast for the week of November 9, 2015, Technical Analysis

By
Christopher Lewis
Published: Nov 7, 2015, 06:58 GMT+00:00

The DAX rose during the course of the week, breaking above the 11,000 level. This of course is significant, and we believe that the DAX will continue to

DAX forecast for the week of November 9, 2015, Technical Analysis

The DAX rose during the course of the week, breaking above the 11,000 level. This of course is significant, and we believe that the DAX will continue to go higher given enough time. We are longer-term “buy-and-hold” traders here at FX Empire in the DAX, as we believe it will continue to lead the way for the European Union. With so much quantitative easing around the world, one has to believe that money will be forced into the stock markets, and of course the DAX is considered to be the “safest” of all European indices.

 

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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