CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70% 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.
70% 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.
Please click here to view our Risk Disclosure.
Hantec Markets use cookies to enhance your experience on our website. By staying on our website you agree to our use of cookies. You can access our Cookie Policy here
Hantec Markets is a trading name of Hantec Group.
This website is owned and operated by Hantec Capital Group Holdings Limited. Hantec Capital Group Holdings Limited is the holding company of Hantec Markets Limited, Hantec Markets Ltd. and Hantec Markets Jordan Limited.
Hantec Markets Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the UK (Register no: FRN 502635).
Hantec Markets Limited is authorised and regulated as an Investment Dealer by The Financial Services Commission of Mauritius (License no: C114013940).
Hantec Markets Limited Jordan is authorised and regulated as an Intermediary Financial Broker by the Jordan Securities Commission (License no: 51905).
The services of Hantec Markets and information on this website are not aimed at residents of certain jurisdictions, and are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use may be contrary to any of the laws or regulations of that jurisdiction. The products and services described herein may not be available in all countries and jurisdictions. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. The release does not constitute any invitation or recruitment of business.
Hantec Markets does not offer its services to residents of certain jurisdictions including USA, Iran and North Korea.
Authorised and Regulated by the
Financial Conduct Authority (FCA)
Regulated by the Financial Services Commission of Mauritius (FSC)
Regulated by the Jordan Securities Commission (JSC)
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 is running up and is supportive today around 11,550.
Yesterday’s daily candlestick was especially tentative in its move higher, with initial gains slipping back into the close.
The market is still eyeing the resistance of the March high at 10,677 but once more this morning there is a lack of conviction in the market.
Despite this there is still a sense that corrections remain a chance to buy, with the RSI above 60 and Stochastics recently crossing higher again.
However, it is as though the market is waiting now for the next catalyst for a break above 10,677.
The hourly chart reflects the mild positive bias and a move back above a near term pivot at 11,555 which is an initial basis of support.
Richard Perry
Leave a reply
Recent Posts
A Brexit deal is likely but could just be a matter of time
Read More »Markets increasingly risk positive as Biden edges towards the White House
Read More »Nightmare scenario in tight US Election as Trump declares victory
Read More »Subscribe to our Market Analysis
Your data is safe with us. Please read our Privacy Notice