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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

Markets generic red
Commentary
Richard Perry

DAX continues to fall as outlook deteriorates further

DAX Xetra (cash index) The bulls remain under enormous pressure as the negative candles continue to rack up and any hint of intraday gains are sold into. There have now been nine daily candlesticks in a row which have been bearish within the session, meaning that the close has been

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Bear growing
Commentary
Richard Perry

Is today’s DAX rally just a dead cat bounce?

DAX Xetra (cash index) The huge sell-off has broken below the support of 11,009 to take the DAX to a two year low, how the bulls react will be key. Unless they drive the market quickly higher, the writing could be on the wall for further weakness. The trouble is

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Trader upset negative markets (1)
Commentary
Richard Perry

Huge sell off accelerating lower on the DAX

DAX Xetra (cash index) European equities are falling off a cliff now and the selling pressure on the DAX is ramping up. A run of big negative sessions have turned sentiment hugely negative and this morning the early pressure has breached the support at 11,009. A closing breach opens the

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Commentary
Richard Perry

DAX bulls need to hold firm with recovery in doubt

DAX Xetra (cash index) The bull rebound is in danger of fizzling out before it has really begun. Yesterday’s big gap higher from 11,315 saw the market jump strongly, however in ultimately forming a negative candle on the session (which included a close around the traded low of the day)

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Commentary
Richard Perry

Bulls celebrating as G20 spikes the DAX higher

DAX Xetra (cash index) What a turnaround! The negative sentiment that had been seeping back into the DAX in the past week has been smashed out of the water this morning as global equity markets have taken a significant risk positive tone from the G20 at the weekend. The DAX

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Trader pensive
Commentary
Richard Perry

Improving outlook on DAX falling over ahead of G20

DAX Xetra (cash index) The bulls have failed to take the positives out of the huge Wall Street rally and the resistance of the 11,400/11,460 pivot is proving to be a significant hurdle. Concern grows in that the market has failed to make the most of strong overnight handovers from

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Bull and bear face off
Commentary
Richard Perry

Can DAX bulls follow Wall Street to ignite a recovery?

DAX Xetra (cash index) In the wake of Wall Street’s Powell driven rally yesterday, the DAX has begun the day on the front foot, but is this a move to signal a determined shift in outlook? The market has been consolidating for the past few sessions under the resistance of

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Markets generic red
Commentary
Richard Perry

DAX consolidation under key pivot is growing

DAX Xetra (cash index) Following Monday’s strong recovery session the market is settling into more of a consolidation mode. Yesterday’s slight loss on the day showed through as a bearish candle following the strong open and it is interesting to see a similar candlestick forming today. This is all playing

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Crossroads
Commentary
Richard Perry

Rally on the DAX brings the market to a key crossroads

DAX Xetra (cash index) The strength of yesterday’s recovery is now questioning the corrective outlook for the time since in a few weeks, and the market is now at a key crossroads. However, for a while we have been considering the old long term pivot band around 11,400/11,460 and once

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Commentary
Richard Perry

Can the DAX bulls prevent another sell-off?

DAX Xetra (cash index) There is a lack of conviction in moves across equity markets as traders remain without the crutch of Wall Street in the early part of today’s session. However, there is still a sense that near term recoveries on DAX remain a chance to sell. There is

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Commentary
Richard Perry

Are technical rallies still a chance to sell the DAX?

DAX Xetra (cash index) Yesterday’s recovery positive candle was an admirable attempt by the bulls, but the move is still likely to simply be seen as another chance to sell. Theoretically, closing the gap at 11,230 is a positive development, however if this is now backed up with a negative

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Commentary
Richard Perry

Is another intraday DAX rally another chance to sell?

DAX Xetra (cash index) Intraday rallies have been continually sold into over recent weeks and there is little to suggest that this morning’s rebound is any different. In the past few weeks the market has been consistently drifting lower, posting a succession of either sizable bear candles or muted positive

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Trader upset negative markets (1)
Commentary
Richard Perry

DAX under pressure again, set to test October low

DAX Xetra (cash index) Downside pressure grows on the DAX and what seems to have been a negative drift is accelerating into a more considerable correction. We spoke yesterday about using intraday rallies as a chance to sell as the market posts lower highs and lower lows under a falling

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Commentary
Richard Perry

DAX bulls continue to fail so is this a chance to sell?

DAX Xetra (cash index) The run of negative candles continues on the DAX. In four of the past five sessions there has been considerable disappointment into the close whereby the market closes either strongly lower and/or well off the highs of the day. Long lower shadows on the candles in

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storm
Commentary
Richard Perry

EU deal driving the UK ever closer to a No Deal Brexit

Being on Twitter teaches you a thing or two about the world. First of all, no matter what you do, you will end up offending someone (and often that is a lot of people). Secondly, the world is full of stupid people apparently trying to do brave things but actually

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Commentary
Richard Perry

DAX corrective momentum building with rallies sold into

DAX Xetra (cash index) The uncertain outlook continues on the DAX as another volatile session saw the market close lower, but once more today we see the market reacting higher. Taking a step back there is still a run of lower highs over the past four weeks, with a downtrend

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Commentary
Richard Perry

DAX struggling for the bulls to gain traction

DAX Xetra (cash index) There is a continuation of the uncertain outlook on the DAX, something which is depicted well through yesterday’s session. Another volatile session, of 250 ticks, the candlestick shows long upper and lower shadows and a very small real body. There is though a trend lower still

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Markets generic red
Commentary
Richard Perry

DAX rebounds but there is a legacy from the breakdown

DAX Xetra (cash index) Despite the fact that the DAX is trading higher today, European equity markets are under increasing negative pressure. This is reflected on the DAX which posted a huge bearish outside day/bearish engulfing candle in yesterday’s session which closed 195 ticks lower on the day and below

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Commentary
Richard Perry

DAX bulls continue to struggle as pressure on support mounts

DAX Xetra (cash index) Although there is still a basis of support around the 11,400/11,445 pivot lines, the bulls just cannot seem to generate the upside momentum needed to now drive a sustained recovery. Once more, this morning the market looked positive at the open but this move has been

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Commentary
Richard Perry

DAX rolling over, threatens a key downside break

DAX Xetra (cash index) An intraday correction lower formed a bearish engulfing candlestick pattern yesterday and with selling pressure continuing today there is a concern that the recovery is turning negative once more. The market has dropped a further 100 ticks in early moves today and the move has broken

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