Skip to content

XTB TRADEBEAT

A new higher high on DAX

DAX has broken above the nearest resistance area around 12180. Bullish trend remains intact. There is a strong bullish momentum, one should seek for an opportunity to join the bullish trend with a new higher low. The next important resistance lays around 12300. We may see a re-test of the nearest support after it is defended. There is no overbalance, there are also no bearish reversal signals even on smaller time frames. We’ve pointed out a possibility of a rally in yesterday’s review. 

DAX has hit the highest level in almost two years, European equities are generally trading higher on a growth story. German equities are the best performing in Europe, DAX has climbed 0.51%. Rebound on equities is caused mainly by fading fears of ’Trump trade’ failure. Markets aren’t too worried about Britain formally beginning its EU exit process.

link do file download link

DAX has moved within a distinct bullish trend, a new higher high has been established, source: xStation5

Company news:

  • X-S&PGR has upgraded Deutsche Bank Securities to ’A-’, X-S&PGR has upgraded one notch the long-term counterparty credit rating on Deutsche Bank and removed the rating from CreditWatch positive on March 28, 2017

 

Disclaimer

This article is provided for general information purposes only. Any opinions, analyses, prices or other content is provided for educational purposes and does not constitute investment advice or a recommendation. Any research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Past performance is not necessarily indicative of future results, and any person acting on this information does so entirely at their own risk, we do not accept liability for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.