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, Daily DAX forecast: short-term range breakout possible, Forex-News, Forex-News
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Daily DAX forecast: short-term range breakout possible

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, Daily DAX forecast: short-term range breakout possible, Forex-News, Forex-News


, Daily DAX forecast: short-term range breakout possible, Forex-News, Forex-News

DAX forecast: IG rates the DAX in the form of the CFD this morning slightly below yesterday’s closing price. The contract went out of trading on Thursday with little change. The cash market closed with a minus of 0.88% at 13,086 points. On Wall Street, stocks turned green just before close of trading. With the exception of Japan, the specifications from Asia are slightly positive.

Dax 30
BEARISH
Data provided by



of IG customers long.



of IG customers short.

Changes in

Long positions

Short positions

Open interest

Every day0%0%0%
Weekly11%6%8th%

DAX forecast fundamental

The RKI reports an increase in new infections by 23,648 after 22,609 for Thursday. 260 people have died, up from 251. In the US, 170,161 161,935 new infections were reported, up from 161,935, according to Johns Hopkins University. 1,848 people died, after 1,707.

The consolidation largely continued on Thursday as well. Positive news about the resumption of negotiations for a second Corona aid package could generate slight joy on Wall Street at the close of trading (S & P500 forecast: 3,800 in sight?).

As expected, there was still no agreement in the EU on a Brexit deal or on the reconstruction fund (GBP / USD: The crucial days?). On the economic data front, the Philly FED manufacturing index in the US was positive, initial jobless claims rose more than expected, and sales of existing homes rose well above expectations.

The Chinese PBOC left rates unchanged during the night. Japan’s core inflation fell the steepest it has seen since 2011. Today there are still some speeches from central bankers and the EU Consumer confidence. There is a small expiry date on the futures exchanges.

DAX forecast chart-based

Chart technically considered, we still see no change compared to the previous day on a daily basis. On an intraday basis, the short-term range was held yesterday after the index received support near the lower limit.

As it looks pre-market, the lower limit could possibly be tested again. Here the price zone at 12,980 points in cash trading may need to be kept in view. Below that, the range would be abandoned and we could test the great support at 12,850-12,900 points.

DAX CFD Daily and Kassa 1H

Source: TradingView, IG, DailyFX

, Daily DAX forecast: short-term range breakout possible, Forex-News, Forex-News
, Daily DAX forecast: short-term range breakout possible, Forex-News, Forex-News

Recommended by David Iusow

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REALIZATION POSSIBILITIES WITH IG TURBO CERTIFICATES

If you are on the seller’s side and think that the DAX falls in the future, could IG Turbo certificates with a knock-out threshold, above the resistance zone 13,500 points get interesting. On the other hand, bullish traders could, conversely, have knock-out thresholds below 11,000 Pfaltered keep an eye on.

Options and Turbo certificates are complex financial instruments and come with a high risk of losing money quickly. Losses can occur extremely quickly.

For analysis on an intraday basis, follow my Twitter channel @DavidIusow or visit me on Instagram @david_iusow.

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1 Comment
  1. , Daily DAX forecast: short-term range breakout possible, Forex-News, Forex-News
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