DAX forecast: price increase to 17,000 points - current analysis and trading strategy.

DAX forecast: price increase to 17,000 points - current analysis and trading strategy.

According to a report from www.aktiencheck.de, the DAX remains in a sideways movement around the 10-EMA in the daily chart in the area of ​​16,680/16,700 points. However, last Friday it closed slightly above, indicating near-term strength. A further run-up to the next resistance level at 16,800 points is possible. If this upward breakthrough were successful, a further increase of up to 17,000 points would be expected. The Ichimoku cloud is also pointing upwards, indicating further price rise. The DAX also continues to receive support from the S&P 500. However, if the DAX were to sustainably fall below the 10 EMA, the support at 16,400 points would be the next starting point.

From a technical perspective, the DAX is in long mode, with long indicators and run-up levels at 16,750, 16,780, 16,800, 16,850 and 17,000 points. Looking down, the starting points are at 16,700, 16,650, 16,600, 16,550 and 16,400 points. In addition, the 50 EMA is approaching support from below, further strengthening it. Overall, the market shows a trend towards rising prices and various indicators point to a further increase.

U.S. stock markets will remain closed due to Martin Luther King Junior Day, which may result in lower trading activity. Geopolitical events, particularly the conflict in the Middle East and the elections in Taiwan, remain in focus. Overall, the current situation indicates further tailwind for the DAX.

According to my expertise, a sustained move above the 16,800 resistance level could pave the way for a further rise to 17,000 points. However, market conditions should be monitored regularly as geopolitical events and external factors can influence market conditions. It is recommended to follow the various indicators and news sources in order to closely monitor developments and respond appropriately.