Review
With yesterday’s close at around 14238 points, the Dax index closed with a loss compared to Wednesday.
Today, the index moved further slightly down so far with -0.07%. The price has been in a medium-term uptrend since the end of September, marking a new high at around 14444 points two days ago. What movements could we expect by the weekend?
Outlook
The chart situation in the daily chart has changed somewhat in the last few days.
The current upward movement is now weakening somewhat and we can see price losses for the first time after about 2 weeks.
In the area around 14229 points, a relevant horizontal support has been established in the very short term.
The next important resistance is found in the area of 14378 points.
Should the price continue to stay above the support and respect it,
this can be interpreted as a bullish signal and the price could rise again over the next few days.
However, if this is breached, we could see a downward movement to the last support at 13933 points.
Otherwise, the price could rise to the aforementioned resistance. Should this be breached,
we could see a further rise to the next resistance at 14681 points.
Otherwise, the price could continue to hold at 14230 points.
