Suche
Mein Konto
DAX daily forecast: Bears in sight, experts expect further downward trend
According to a report from stock3.com, the DAX continues to show signs of overheating in its fall or year-end rally. The index starts today at a lower downside target of 16540/16530. Indicators suggest that this process is not yet complete as the new rising patterns are weak and the daily candlestick chart RSI has not yet broken down sufficiently. The XETRA DAX closing price is at 16622, while the DAX pre-market is at 16530 and the VDAX NEW is at 13.94. The supports of the XETRA DAX show that the index could probably fall to new annual lows below 16480/16450 and possibly even to 16330/16300. On the other hand …
DAX daily forecast: Bears in sight, experts expect further downward trend
According to a report by stock3.com, the DAX continues to show signs of overheating in its fall or year-end rally. The index starts today at a lower downside target of 16540/16530. Indicators suggest that this process is not yet complete as the new rising patterns are weak and the daily candlestick chart RSI has not yet broken down sufficiently. The XETRA DAX closing price is at 16622, while the DAX pre-market is at 16530 and the VDAX NEW is at 13.94.
The supports of the XETRA DAX show that the index could probably fall to new annual lows below 16480/16450 and possibly even to 16330/16300. On the other hand, XETRA DAX resistance could allow an upside move to 16830/16840 or even 16900 by January 19th.
Based on this information, it can be concluded that the DAX could be volatile in the short term as it could either be heading towards new lows or experiencing a temporary upward movement. This development could lead to increased uncertainty in the market and pose challenges for both traders and investors. Since volatility often leads to uncertainty and risk aversion, this could lead to a decline in trading volumes and investments in the financial industry.
Read the source article at stock3.com