Dax daily chart, January 10, 2016
Dax daily chart, January 10, 2016

DAX Forecast January 10, 2017, Technical Analysis

5 months agoByChristopher Lewis

The German index fell on Monday, testing the €11,500 level. That’s an area that should be rather supportive. We have gapped above here previously, so it suggests that the buyers should return. A supportive candle is reason enough to go long, and I believe that we will then reach towards the €12,000 level. Even if we do break down a bit, I think there is a massive amount of support extending all the way down to the €11,400 level underneath. With this, I remain very bullish of the DAX, and look at this pullback as potential value that I can take advantage of.

Indices

SymbolLast PriceChangeChart
DJIE-Mini Dow Jones 3021359.0
+32.000+0.15%
SPXS&P 5002436.0
+3.7500+0.15%
NDXNASDAQ 1005817.5
+14.500+0.25%
DXUS Dollar Index96.990
+0.0900+0.09%
UKXE-Mini FTSE 1007375.2
+13.750+0.19%
TFRussell 20001415.6
+3.8000+0.27%

Indices Quotes

Most Popular

SymbolLast PriceChangeChart
EURUSDEUR/USD1.1189
-0.0008-0.07%
GBPUSDGBP/USD1.2741
-0.0002-0.02%
XAUUSDGold1254.5
-2.3000-0.18%
CLCrude Oil43.495
+0.2850+0.66%
UKXE-Mini FTSE 1007375.2
+13.750+0.19%
DAXDAX 3012726.0
-60.500-0.47%

Live Quotes

Currencies

SymbolLast PriceChangeChart
EURUSDEUR/USD1.1189
-0.0008-0.07%
USDCADUSD/CAD1.3256
-0.0001-0.01%
GBPUSDGBP/USD1.2741
-0.0002-0.02%
AUDUSDAUD/USD0.7577
+0.0008+0.11%
USDJPYUSD/JPY111.31
+0.0930+0.08%
EURGBPEUR/GBP0.8782
-0.0004-0.05%

Forex Quotes

Commodities

SymbolLast PriceChangeChart
XAUUSDGold1254.5
-2.3000-0.18%
XAGUSDSilver16.696
+0.0290+0.17%
HGCopper2.6325
+0.0075+0.29%
PAPalladium854.30
+1.9000+0.22%
PLPlatinum929.40
-1.4000-0.15%
CLCrude Oil43.495
+0.2850+0.66%

Commodities Quotes

Indices

SymbolLast PriceChangeChart
DJIE-Mini Dow Jones 3021359.0
+32.000+0.15%
SPXS&P 5002436.0
+3.7500+0.15%
NDXNASDAQ 1005817.5
+14.500+0.25%
DXUS Dollar Index96.990
+0.0900+0.09%
UKXE-Mini FTSE 1007375.2
+13.750+0.19%
TFRussell 20001415.6
+3.8000+0.27%

Indices Quotes

Most Popular

SymbolLast PriceChangeChart
EURUSDEUR/USD1.1189
-0.0008-0.07%
GBPUSDGBP/USD1.2741
-0.0002-0.02%
XAUUSDGold1254.5
-2.3000-0.18%
CLCrude Oil43.495
+0.2850+0.66%
UKXE-Mini FTSE 1007375.2
+13.750+0.19%
DAXDAX 3012726.0
-60.500-0.47%

Live Quotes

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