DAX Index Price forecast for the week of March 26, 2018, Technical Analysis

The German markets fell significantly during the week, reaching down below the uptrend line that has been a large part of trading. The market looks likely to find buyers in this area, especially considering that we not only have the uptrend line, but we also have the large, round, psychologically significant figure of €12,000. At this point, the market should continue to go much higher, if we don’t get some type of bombshell coming out of the mouths of Chinese or American politicians. Ultimately, the market should continue to find support in this general vicinity, perhaps reaching towards the €12,750 level.

DAX Video 26.03.18

If we break down below the uptrend line, then I think the market probably goes down to the €11,000 level. That is an area that will determine where we go over the longer term, and therefore think watching the next couple of weeks will be crucial. We are still in an uptrend, even though we have sold off rather drastically, but if we can get some type of stability coming out of the mouths of those politicians, I think it will project bullish momentum across stock markets worldwide, and of course it will happen in the DAX as well as it is the first place that people are looking to put money to work in the European Union. I don’t see that this is going to be easy, but right now it looks as if the buyers are getting ready to make some type of stand.