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Weekly Chart The DAX (GER30) is moving laterally in a sideways rectangle pattern. Support is around the 15,000 level, with resistance around the 16,000 level (green shaded horizontals). Last week's candle is a bullish Dragonfly Doji. I.e., bears lost control at the low, and the week ended with the bulls in control. However, we are looking for follow-through this week as confirmation, which is yet to be established. This week's…
January was a tumultuous month for global equities, during which the German index posted losses, but February starts in a good mood
German Gross Domestic Product contracted in Q4 on a quarterly basis, dragging the index lower today, in an difficult week for stock markets
European stock markets are under pressure, following the negative lead form their Asia-Pacific and US counterparts, as aggressive monetary tightening expectations and new oil disruptions keep investors on their toes
New car registrations declined in December in EU, according to today’s data from ACEA, pushing stocks of major European auto manufacturers lower at the open
The German index has been correcting lower over the last four days, but today it finds support, as sentiment shows improvement
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The German Index started the first week of the year on the offensive and extended its highs today, but seems to face some headwinds
The last week of the year has started with gains, as the index runs its fourth straight profitable day, setting fresh month highs
The FTSE 100 (UK100) weekly chart is setting up potential bullish momentum. To measure this, we include a triple EMA system and the stochastic indicator. Moving averages are trend-following indicators and if the FTSE 100 is setting to trend, the EMAs will be good indicators to watch. The quick green EMA is looking to cross above the intermediate orange EMA (aqua ellipse). If it does, the EMAs will be in…
Weekly After the panic-driven selldown for the week ending 19 November, the DAX (GER30) has used the support level around 15,000 (blue shaded horizontal) to regroup. The index has charted a reference trough (T) and a reference (P) and we are assessing if a higher trough (HT?) charts. This will depend largely on next week's price action i.e., a higher low and a close above this week's high will confirm…
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