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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

Market generic coloured
Commentary
Richard Perry

DAX starts to build support but is this a chance to buy?

DAX Xetra (cash index) Selling pressure has just begun to dissipate this morning, but is this just a pause in the correction or the beginning of a renewed leg higher? The important technical factor to watch is the support band 11,370/11,415 which is the old key February breakout and subsequent

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Trader pensive market lower (1)
Commentary
Richard Perry

Bulls coming under pressure as DAX slips below support

DAX Xetra (cash index) The drift of the past few sessions is now starting to be a move that the bulls need to take notice of as the support of the breakout at 11,556 has been broken. This move still looks to be a near term unwind any overstretched momentum

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Trader pensive
Commentary
Richard Perry

Consolidation continues on the DAX as bulls bide their time

DAX Xetra (cash index) Although consolidations continue to be a chance to buy, the bulls are still waiting for a catalyst for the next push higher on the DAX. Yesterday’s positive candle helped to build on the support once more with the breakout at 11,556 forming the support for the

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Commentary
Richard Perry

DAX edges higher as the trend channel points to key pivot

DAX Xetra (cash index) There is a continued positive outlook on the DAX as the recovery that has been developing throughout 2019 rumbles on. A consistent feature of this is that consolidations are used as a chance to buy into the next leg higher within what is now a broad

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Commentary
Richard Perry

DAX bulls once more use consolidation as a chance to buy

DAX Xetra (cash index) Having broken the resistance of the 8 month downtrend earlier this week, the DAX has been consolidating the move and used this as a springboard for the next move higher. We mentioned yesterday that repeatedly during the recovery, the DAX has gone through periods of consolidation

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Market generic coloured
Commentary
Richard Perry

DAX lower but continues to show signs of buying into weakness

DAX Xetra (cash index) After initially threatening a near term correction in yesterday’s session, the reaction of the bulls still seems to buy into intraday weakness on the DAX. This has also come with the medium to longer term technical improvement where there has now been a closing break of

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Markets generic red
Commentary
Richard Perry

DAX slips back but could it be another chance to buy?

DAX Xetra (cash index) Having broken out above the old February high of 11,371 last week, this old resistance becomes new support for corrections. An early slip back today is unwinding some of the gains of the past week but should be the source of the next chance to buy.

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Trader pensive market lower (1)
Commentary
Richard Perry

DAX continues to climb, but can the recovery continue?

DAX Xetra (cash index) The gains are still being squeezed out of this recovery for the DAX, but the big tests for the bulls are now ready to be seen. Holding the recovery above the previous breakout high at 11,371 maintains the strength of the run to 12 week highs,

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Commentary
Richard Perry

Bulls in control as DAX continues to consolidate the breakout

DAX Xetra (cash index) Inching towards the end of the week, the DAX is still edging higher and holding on to the breakout above the 11,371 previous range resistance suggests the outlook is positive. The breakout implies around 410 ticks of further gains in the coming weeks towards the long

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Bull growing
Commentary
Richard Perry

Breakout on the DAX opens the long term pivot band

DAX Xetra (cash index) The DAX has finally joined other major markets in breaking to new multi-month highs again to open the way for further recovery. This comes as the market has closed above the resistance at 11,371 which completed a range breakout and imply around 410 ticks of additional

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Commentary
Richard Perry

DAX now breaking out but still needs the confirmation

DAX Xetra (cash index) The bulls are pulling the DAX higher through resistance, but breakout confirmation still needs to be seen. An early February rally high at 11,371 has been breached on an intraday basis early today, but this needs to be seen on a closing basis to really break

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Trader pensive
Commentary
Richard Perry

DAX bulls position for breakout but resistance remains for now

DAX Xetra (cash index) Can the DAX join other major global markets in breaking higher? The range that has broadly formed above the medium term pivot at 11,000 is seeing its resistance at 11,371 eyed, but as yet a breakout is not forthcoming. Looking at the momentum indicators though there

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Markets generic blue
Commentary
Richard Perry

Can the DAX join other markets in a breakout?

DAX Xetra (cash index) Other equity markets have been busy breaking out, however despite the huge bull candle on Friday, the DAX remains in the confines of what is now a four week range. A huge bullish engulfing candle has put the bulls in line for a test of the

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Commentary
Richard Perry

DAX under pressure as medium term pivot is tested again

DAX Xetra (cash index) Yesterday’s rally failure adds to concerns that the state of the recovery on the DAX is still highly questionable. A big key one day reversal (bearish engulfing candlestick) threatens the turn the outlook corrective again. As we had expected, the gap from 11,041 has now been

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Trader pensive market lower (1)
Commentary
Richard Perry

DAX higher again but are the bulls really in control?

DAX Xetra (cash index) We have noted that the rally of recent days needs to be taken with caution, and this is something that we continue to believe. Looking at the last two completed daily candlesticks, there has been a reaction higher at the open (due to overnight positivity from

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Commentary
Richard Perry

DAX rally continues but hurdles still need to be overcome

DAX Xetra (cash index) A renewed sense of optimism is gaining more conviction as a day of consolidating an initial breakout yesterday has been followed by another move higher at the open today. The recovery back above the 11,000 medium term pivot has been a key move and the bulls

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