Month: May 2016

Dax Outlook 2016 W21

Overall bullish economic data fuelled the Dax’s ralley up to 10’298 points in calendar week 21. The MACD is bullish, the RSI rose to 60.58 and the VDAX is at 19. The recent recovery to nearly 10’300 ligthed up the

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Dax Outlook 2016 W20

Last week the Dax touched the 9’770 for a third time but rebounded to 9’916 by the end of the week. Movements in the Oil price are still influencing the market. Furthermore a more likely interest rate rise in the

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Dax Outlook 2016 W19

Last week the Dax fell again below the 10’100 level and reached a low at 9’768 on Friday and the recovering sharply, closing the week at 9’952. The MACD is bearish, the RSI is at 48.23 and the VDAX fell

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Dax Outlook 2016 W18

Last week the Dax fell below the 10’100 level and reached a low at 9’738.  On Firday it closed slightly above the Doji from Thursday The MACD is bearish, the RSI is at 44.17 and the VDAX rose to 22.38.

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Dax Outlook 2016 W17

After a rise up to 10’450 in the previous week, last week the Dax decided to go bearish on the back of a falling USD and some worse than expected US economic date on Friday. The MACD turned bearish, the

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