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You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Category: Commentary

Commentary
Richard Perry

Is an overstretched DAX setting up for profit-taking?

DAX Xetra (cash index) A breakout on the DAX above 11,865 is a real sign of intent from the bulls. It completes a big base pattern and opens for continued recovery I the coming months and opens the next resistance at 12,458. However, this is a run that is at

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Commentary
Richard Perry

DAX bulls surge higher but is this one to chase higher?

DAX Xetra (cash index) The DAX has completely taken off in recent sessions, as a run of strong bull candles has completely flipped the outlook once more. Key to all of this is that the market is bursting through what is a band of key long term resistance between 11,725/11,865

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Brexit question what next (1)
Commentary
Richard Perry

The Brexit mess continues. Is it an unsolvable conundrum?

What happens when you try to deliver Brexit within a hung parliament of which around two thirds of MPs are considered “remainers”? The answer, much to everyone’s consternation, is a log-jam where nothing can get through. It would seem that Brexit is the circle that cannot be squared. A multitude

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Commentary
Richard Perry

DAX consolidates as the bulls take a pause for breath

DAX Xetra (cash index) The run higher has hit the skids a bit today as the DAX opened higher only to have the reins pulled again. For now this is only a pause within what still looks to be a run to test the 11,824 resistance, however, given that resistance

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Commentary
Richard Perry

DAX building momentum as positive sentiment recovers

DAX Xetra (cash index) The bulls have seen a remarkable resurgence in the past few sessions with the market jumping higher again in the early moves today. It is interesting that this rebound in the past week has been the second time during the rally of the past three months,

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Commentary
Richard Perry

DAX bulls fight back but still need more for recovery

DAX Xetra (cash index) Given the concerns over risk appetite that have increased recently, yesterday’s intraday rebound on the DAX shows the bulls are still fighting. Reaction to a bullish engulfing candlestick will be key today. It was interesting to see that the DAX closed at 11,419 which is a

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Commentary
Richard Perry

DAX under increasing pressure as bullish arguments fall away

DAX Xetra (cash index) The bulls have lost control of the recovery as the DAX has decisively breached the key breakout support at 11,370. This now runs the risk of the DAX turning increasingly corrective once more. Since the early high of 11,823 the market has fallen over 450 ticks

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Commentary
Richard Perry

Another disappointing session puts DAX uptrend under pressure

DAX Xetra (cash index) The fall back in the past few sessions has not broken the positive medium term recovery outlook but the bulls will be getting increasingly nervous. Negative candles have dragged that market back and broken below previous breakout supports between 11,555/11,677, whilst intraday bounces are being sold

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Commentary
Richard Perry

DAX falls over again but is it just another chance to buy?

DAX Xetra (cash index) Having been positively configured on a breakout to multi-month highs earlier this week, the move has turned on its head, with a correction which is threatening the bullish outlook. A bearish candlestick yesterday with a 185 tick loss on the day (-1.5%) has been followed by

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Commentary
Richard Perry

FOMC goes even more dovish than markets had priced

All things progressing well in the global economy this could have easily been the meeting where we saw the continuation of Fed tightening. However, as the global cyclical downturn has taken hold, whilst protectionism has hit the prospects of the Eurozone and China, we have seen US data also beginning

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Commentary
Richard Perry

An unwinding correction in the uptrend is a chance to buy DAX

DAX Xetra (cash index) The bulls have failed to build on a decisive positive daily candlestick, but there is still a positive outlook on the DAX and weakness remains a chance to buy. Another break to multi-month highs yesterday took the market into the 11,725/11,865 key long term resistance band

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Commentary
Richard Perry

Bulls in control, but can the DAX break above key resistance?

DAX Xetra (cash index) In the wake of a break to the highest level on the DAX since October, the market is finding consolidation setting in. The importance of this consolidation is elevated on consideration that the market hit 11,725 on Friday which is the bottom of the long term

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Market generic coloured
Commentary
Richard Perry

DAX remains on course for a test of the key resistance band

DAX Xetra (cash index) The DAX continues to pull higher with cautious optimism as Friday’s positive session included a close at the highest level since 16th October. Today’s early move higher is looking to confirm the latest breakout, however, the source of much of the caution now could be the

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Commentary
Richard Perry

DAX tentatively edges higher with resistance in focus

DAX Xetra (cash index) This remains a very cautious phase of trading on the DAX as the market creeps higher but with little real conviction. The uptrend channel of the past two and a half months remains intact but there is also now a five week uptrend which the market

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Markets generic blue
Commentary
Richard Perry

Buying into weakness as DAX eyes key resistance

DAX Xetra (cash index) Cautious optimism is taking hold for the DAX once more as another positive candle formed yesterday to build confidence in the near term outlook once more. Finding support at 11,487 yesterday to find buyers willing to push forward throughout the session implies an improving sentiment. This

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Trader pensive
Commentary
Richard Perry

Recovery on hold again for the DAX as caution take hold

DAX Xetra (cash index) A cautious look to the DAX in the past couple of sessions as the bulls have stuttered in their attempt to kick start the recovery again. The uptrend channel is still a guiding hand for the bulls to make gains, whilst momentum indicators are positively configured

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Brexit Mrs May
Commentary
Richard Perry

What are the implications of Mrs May’s latest Brexit defeat?

The Government has lost the latest (second) vote on Theresa May’s Withdrawal Agreement. Voting for the deal 242 versus 391 voting against means a defeat of 149. This was an improvement on the 230 seat defeat in January (202 for versus 432 against) but still a pretty sizeable defeat for

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Commentary
Richard Perry

DAX bulls look to build up a head of steam for a breakout

DAX Xetra (cash index) A positive session on Monday and a second positive daily candlestick suggests that the bulls are in recovery mode once more. Maintaining the support band 11,370/11,415 has been key to this in helping to maintain the outlook that corrections remain a chance to buy within this

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