DAX Forecast January 11, 2017, Technical Analysis

Dax daily chart, January 11, 2016
Dax daily chart, January 11, 2016

The German index rallied a bit on Tuesday, as the €11,500 level continues to be supportive. The meantime, I’m a buyer on short-term dips and I recognize that short-term trading is about as good as it gets in the DAX. Given enough time, I do believe that we break above the reason resistance and continue towards the €12,000 level. That’s my longer-term strategy, buying dips and simply hanging on if we can break out. Support runs all the way down to the €11,400 level, so selling isn’t even a thought currently as this market looks like it’s ready to continue the longer-term trend given enough patience.

Don't miss a thing!
Discover what's moving the markets sign up for a daily update delivered to your inbox

More Forecasts

See All
Light Board

Early Gains for Global Equities, Bitcoin Futures Surge 15% in First Day of Trading

E-mini Dow Jones Industrial Average

E-mini Dow Jones Industrial Average (YM) Futures Analysis – December 11, 2017 Forecast

forex snapshot

EUR/USD Daily Technical Analysis for December 12, 2017

Expand Your Knowledge

See All
Watch Out: What Do Elon Musk and Bill Gates Know about Artificial Intelligence

Watch Out: What Do Elon Musk and Bill Gates Know about Artificial Intelligence

Cryptocurrency Evolution: Countries Issue their Own Digital Currency

The Next Cryptocurrency Evolution: Countries Issue their Own Digital Currency

Your own cryptocurrency: not difficult, but expensive

Make Your own Cryptocurrency: Not Difficult, But Expensive

Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1766
-0.0009
-0.08%
GBPUSD
GBP/USD
1.3340
-0.0006
-0.04%
XAUUSD
Gold
1244.3
+1.7700
+0.14%
CL
Crude Oil
58.290
+0.3900
+0.67%
SPX
S&P 500
2667.5
+2.2500
+0.08%
DAX
DAX 30
13151.7
-35.750
-0.27%
Live Quotes

Top Promotions

Top Brokers

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox