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

Trader pensive
Commentary
Richard Perry

DAX making ground, but can it drive an upside break?

DAX Xetra (cash index) With equities on Wall Street soaring on the election results, the DAX has been dragged higher, but is the market ready to make a decisive upside break? A recent uptrend was broken as the market corrected back into the 11,445/11,500 support band, however building from this

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markets general blue
Commentary
Richard Perry

DAX consolidation beginning to weigh on the recovery

DAX Xetra (cash index) Whilst Wall Street markets may be hanging on to their recovery uptrends, the loss of upside momentum and associated slip back on the DAX has now resulted in a trend break with the rally in doubt. Yesterday’s mild loss of just over 20 ticks has broken

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Commentary
Richard Perry

DAX bulls fighting to hang on to a recovery outlook

DAX Xetra (cash index) The recovery is tentatively intact this morning as the DAX has consolidated in early moves. Although the market closed higher on Friday this tells very little of the story where the market closed 170 ticks from the day high down at the low of the session

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Commentary
Richard Perry

DAX higher as rally continues to gather momentum

DAX Xetra (cash index) A recovery on the DAX continues to gather momentum as another jump higher in early moves today further strengthens a growing uptrend rally. This comes with momentum indicators posting increasingly positive signals as the Stochastics accelerate higher, the MACD lines complete a bull cross and the

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Commentary
Richard Perry

DAX rebounds as the bulls begin to gather momentum

DAX Xetra (cash index) The past week of trading on the DAX has shown a change in sentiment and the recovery is now beginning to gather pace. Another positive session yesterday completed a breach of a three week downtrend, whilst the market is now looking to push through the overhead

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Trader upset negative markets (1)
Commentary
Richard Perry

Renewed sell-off drives huge downside break on DAX

DAX Xetra (cash index) A significant deterioration in sentiment has seen the DAX making a key breakdown of support in a move that marks another milestone in the sell-off. An intraday rally did not last long yesterday and closing lower with a big bear candle has been followed today with

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Commentary
Richard Perry

Can the DAX rally build into a sustainable move?

DAX Xetra (cash index) An early rebound on Monday morning has helped to improve what had looked like an increasingly concerning outlook for the DAX, but is it enough to subdue the bears on a sustainable basis? The market has bounced from 11,499 to leave this as a potential higher

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Commentary
Richard Perry

DAX under increasing pressure as sentiment turns sour

DAX Xetra (cash index) The rally has fallen over as the bears seem to be regaining a grasp on the market and concern grows with the fact that the rally failed in the overhead supply suggesting a key ceiling is now forming on the DAX. A resistance band of the

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Commentary
Richard Perry

DAX bulls in a fight o sustain recovery momentum

DAX Xetra (cash index) After a decent rebound in the early part of the week, yesterday’s negative candlestick on the DAX serves as a warning that a potential recovery is not a certainty. The fact that the rally high came at 11,848 which is within the overhead supply of 11,726/11,865

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Commentary
Richard Perry

Is a recovery about to be seen on the DAX?

DAX Xetra (cash index) The bulls responded well yesterday to put a  positive session in and now they will be dreaming of a recovery. This was the most positive candlestick on the DAX for two weeks, coming with a decisive positive body to the candle and 90 ticks higher on

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Commentary
Richard Perry

Can an inverted hammer candle on the DAX signal a recovery?

DAX Xetra (cash index) It is a difficult time to trade equities and the DAX is no different as volatility has pulled strongly higher in the past couple of weeks. After the recent sell-off, there was a false start to a potential recovery yesterday which will leave traders a touch

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Commentary
Richard Perry

DAX remains under huge pressure as key supports fail

DAX Xetra (cash index) The selling pressure continues to accelerate lower as the DAX has now broken below key support to trade at the lowest level since February 2017. We were concerned that the prospect of recovery were too soon to be backed and our concerns proved to be correct,

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Commentary
Richard Perry

Can the DAX bulls begin to build a recovery on support?

DAX Xetra (cash index) After such a strong intraday rebound yesterday for the DAX to close higher on the session, the reaction today could be telling as to the position of the bulls. A renewed selling pressure and failure to build meaningful support will suggest that the recovery impetus will

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Commentary
Richard Perry

Intraday rallies on DAX now seen as a chance to sell

DAX Xetra (cash index) Three consecutive negative closes have come with the selling pressure having significantly accelerated as risk aversion has spread across global markets. There is a mild consolidation early this morning, but there is little to suggest that a recovery of any substance is near and subsequently any

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Commentary
Richard Perry

Selling pressure mounts on DAX with intraday rallies sold

DAX Xetra (cash index) A corrective downtrend channel continues to pull the DAX lower as momentum in the resumed sell-off grows. With a run of lower highs and lower lows taking hold, the market is now back below the support band 12,100/12,130 following a gap lower today. Friday’s decisive solid

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Commentary
Richard Perry

Negative pressure grows on DAX as rallies are being sold

DAX Xetra (cash index) The negative sentiment on the DAX continues to slip through the market as the bear drift backwards under the three and a half month downtrend. Within this move, intraday rallies remain a chance to sell. Even though, the market looked set for a decent recovery yesterday,

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Commentary
Richard Perry

Intraday rallies increasingly seen as a chance to sell on DAX

DAX Xetra (cash index) A corrective move in the past week continues to develop as the weight of the overhead medium term downtrend takes hold once more. Since the market found resistance at 12,458 the market has lost ground in recent sessions as a series of lower daily highs show

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Commentary
Richard Perry

DAX bulls fighting but are they losing the battle?

DAX Xetra (cash index) Yesterday’s recovery candle shows the bulls are still in for the fight, but there is still a renewed near term deterioration which is helping to bolster the medium term negative outlook on the DAX. Over the course of the past week the market has fallen away

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Commentary
Richard Perry

Can DAX bulls hold a rebound to improve the outlook again?

DAX Xetra (cash index) Some of the technical signals being thrown off by the DAX make it very difficult to trade the market from a day to day perspective, however the development in the medium term trend continues to make worrying analysis. The downtrend of the past three and a

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Commentary
Richard Perry

DAX struggles early once more as near term range builds

DAX Xetra (cash index) Price action on the DAX is increasingly mixed as a variety of candles over the past week have reflected what is now a conflicted outlook. This comes as there is increased consideration of how to play this market within the medium term outlook. The downtrend of

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