|Day's range||12,431.94 - 12,513.32|
|52-week range||11,780.83 - 13,596.89|
The German index has pulled back during most of the week but turned around to rally significantly and form a nice-looking hammer. This of course is a very bullish sign, suggesting that the uptrend is very much intact.
The German index did very little during the trading session after the initial surge on Friday. This is mainly because we are hanging around a major area of noise in the form of the €12,500 handle.
The German index rallied during the trading session on Thursday, reaching towards the €12,500 level. This is an area that has been important over the last several sessions, but if we can break above there I think that the momentum will carry us forward.
BEIJING (AP) — Asian stocks advanced Friday after Wall Street rebounded from a two-day losing streak and Japanese inflation edged higher.
HONG KONG (AP) — Most Asian stock indexes fell Thursday, tracking Wall Street's decline after the latest Fed report rekindled fears about inflation and rising bond yields.
TOKYO (AP) — Shares were higher in Asia on Wednesday, supported by rosy manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock and losses in other sectors.
European stocks closed higher Tuesday, aided by a pullback in the euro on news of a potentially favorable development for the U.K. in its Brexit negotiations with the European Union.
The German index drifted a little bit lower during the trading session on Monday, as we continue to bounce around. I think that the market could go looking towards the €12,300 for support, but ultimately, I do think that the buyers return.
TOKYO (AP) — Shares were higher in Japan and Australia, with all other Asian markets closed Friday for the lunar new year holiday.
The DAX30 has been in a steady uptrend. We can see a cluster of resistance that makes for a POC zone ( W H3, D H3, channel top, historical sellers) 12500-12510 is the zone and we could see a bearish reversal candlestick configuration that might turn the price down. If the price is rejected, watch for 12400. Clear break below should target 12367, 12299 and 12197. However if the price proceeds and makes 1h momentum candle or 4h close above 12510. we might see 12606 and eventually 12783 by Friday. Weekly H3 resistance is the most important level now.DAX30: The Price has Reached an Important Zone
Asian shares posted solid gains on Thursday that mirrored Wall Street's advance as investors' worries over inflation receded, although trading was thinning as markets closed for Lunar New Year holidays. ...