DAX30: steady for now?

DAX30: steady for now?

The German index has been following the scenario of the world equities. The recovery which started in March now reached a crucial point at 11,200. The index has already made several attempts to break this level, but the muted risk sentiment was limiting bulls’ ability to overpass it. How high are the chances of a breakout?

5667668.png

Eurozone data: signs of recovery

The European indicators surprised us positively during the last two weeks. While the surplus of the European trade balance increased by 23.5B (vs. 17.2B expected), the PMI releases on May 21 also showed better figures than analysts’ expectations. They indicate that purchasing managers in Europe become more optimistic about business conditions. There are actual reasons behind this improvement: the European economies are slowly awakening while easing the restrictions caused by a coronavirus.

However, better economic performance has done little for the European stock market and the DAX30 in particular. The overall cautiousness rules the market with fresh risks caused by US-China tensions and the fear of the second wave of Covid-19.

57685657.png

The technical picture

On the daily chart, DAX30 continues moving within an ascending trading channel. The index bounced off the 11,200 level and started the trading session on Friday with a gap down. Given uncertainties and the absence of important economic indicators for the Eurozone, the index may continue trading close to this level at least until the end of May. In case of positive news (for example, vaccine's approval), buyers will rush above 11,200 towards the next resistance at 11,400. The correction to the downside may be a lucky chance for bears. They will be looking for a test of 10,500 – a lower border of the ascending channel. The next support for them will be placed at 10,200.

DAX30 is traded as CFD futures contract in MT4 and MT5. You need to choose DAX30-20M in order to open a position.

LOG IN

Menyerupai

Berita terbaru

Deposit dengan sistem pembayaran bank lokal DI INDONESIA

Pelajari lebih lanjut

Pemberitahuan pengumpulan data

FBS menyimpan catatan data Anda untuk menjalankan website ini. Dengan menekan tombol "Setuju", Anda menyetujui kebijakan Privasi kami.

Ditelepon kembali

Manajer kami akan menghubungi Anda

Merubah nomor

Permintaan Anda diterima.

Manajer kami akan menghubungi Anda

Permintaan panggilan balik berikutnya untuk nomor telepon ini
akan tersedia setelah 00:30:00

Jika Anda memiliki masalah mendesak, silakan hubungi kami melalui
Live chat

Internal error. Silahkan coba lagi

Jangan buang waktu Anda – tetap awasi dampak NFP terhadap dolar dan raup profitnya!

Buku Forex Pemula

Beginner Forex Book akan memandu Anda mengarungi dunia trading.

Buku Forex Pemula

Hal yang sangat penting untuk memulai trading
Masukkan e-mail Anda, dan kami akan mengirimkan buku panduan Forex gratis

Terima kasih!

Kami telah mengirim email tautan khusus ke e-mail Anda.
Klik link untuk mengkonfirmasi alamat Anda dan dapatkan panduan Forex untuk pemula secara gratis.

Anda menggunakan versi browser lama Anda.

Perbarui ke versi terbaru atau coba yang lain untuk pengalaman trading yang lebih aman, lebih nyaman dan produktif.

Safari Chrome Firefox Opera