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.

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

DAX rebounds but is it going to be a sustainable recovery

DAX Xetra (cash index) The pivot around 11,000 is a key gauge for the outlook of the DAX. Last week’s breakdown has been unwound on Monday morning, but can the bulls make a sustainable recovery in a move that would shift the near to medium term outlook back towards positive

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Commentary
Richard Perry

Huge sell-off leaves DAX on the brink of a breakdown

DAX Xetra (cash index) What looked to be a corrective drift within the recovery uptrend turned into a deluge of selling pressure yesterday and now the market is back at a crucial crossroads once more. A huge bear candle has broken the uptrend and brought the market back to the

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Trader pensive
Commentary
Richard Perry

Is the slip back lower on the DAX a chance to buy?

DAX Xetra (cash index) The bulls have had the reins pulled on their run once more as the market has continued to drift back to unwind the sharp gains of Tuesday. This move may be tempering the enthusiasm of the bulls but as yet there is nothing overly negative that

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Markets generic red
Commentary
Richard Perry

DAX again struggling amidst increasing consolidation

DAX Xetra (cash index) Despite global equities pulling strongly higher, there is a continuation of the consolidation that has persisted for the DAX over the past week. A run of neutral, bordering on negative candlesticks has broken the uptrend channel and momentum indicators are now threatening lower. Once more this

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Commentary
Richard Perry

DAX forming consolidation as bulls lose their steam

DAX Xetra (cash index) The bullish outlook on the DAX continues to be questioned as the consolidation of the past week has now broken the trend channel that has been supporting corrections since the turn of the year. Despite this though, the “filling” of the gap at 11,149 which was

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Commentary
Richard Perry

DAX hangs on to the channel to push higher once more

DAX Xetra (cash index) After teetering on the brink through much of yesterday’s session, the bulls have clung on and look ready to reap the benefits. The uptrend channel was severely tested during a negative session, but the integrity of the channel held on the close, but coming as Friday’s

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Fed in focus
Commentary
Richard Perry

A dovish shift as the FOMC opts to be patient

The Federal Reserve has held rates steady. After hiking by 25 basis point in December, accompanied by an increasingly dovish rhetoric from FOMC members in recent weeks, there was never any doubt in that decision. However, there have been some key changes to the FOMC statement which seem to be

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Commentary
Richard Perry

DAX continues to test channel support amidst consolidation

DAX Xetra (cash index) After a day of consolidation on Tuesday, the DAX continues to sit at a near term crossroads as the uptrend channel support is tested. The gap breakout on Friday effectively remains unfilled at 11,149 as the market sits in a support band 11,149/11,217 with the channel

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Commentary
Richard Perry

DAX back to an important crossroads at the channel

DAX Xetra (cash index) Another key test of the strength of the bull run on the DAX is underway as the trend channel is tested. In the past few weeks the channel has run strongly higher and several tests have been successfully held. Once more this morning with a drift

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Commentary
Richard Perry

DAX breaks through resistance to open the upside once more

DAX Xetra (cash index) Holding on to the support of the pivot and the uptrend channel retains a positive configuration on the DAX as the market again pushes higher. Yesterday’s bullish candle has been followed by a bullish upside gap to new seven week highs today. Momentum continues to improve

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Commentary
Richard Perry

A slip back looks to be an opportunity after DAX breakout

DAX Xetra (cash index) A DAX recovery has been given a boost as the bulls were finally above to break the shackles with a breakout above the key pivot around 11,000 (support and resistance has ranged between 10,990/11,010 in recent months). This has seen the recovery of 2019 move into

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Commentary
Richard Perry

DAX consolidation continues as early drop back is supported

DAX Xetra (cash index) Consolidation that has set in for the past week continues to hold back the market from an upside break. Although there is a near term floor at 10,786 there is a mini-range formation that has seen the bulls struggling every time the pivot around 11,000 looms.

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Trader pensive
Commentary
Richard Perry

Near term DAX consolidation continues but bulls are ready

DAX Xetra (cash index) The past week has been all about whether the bulls could sustain the momentum for a continued rally. Resistance around 11,000 is clearly seen as a watershed for the rally which has failed to so far breakout. However, equally there is a basis of support that

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