News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here:
  • Cyclical and non-cyclical stocks can help diversify a trader’s equity portfolio. Get your guide to understanding these stocks here:
  • Beautifully put.
  • Gold prices could claw back lost ground ahead of the non-farm payrolls report for November, buoyed by a dovish FOMC, falling real yields and rising inflation expectations. Get your $XAUUSD market update from @DanielGMoss here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Rather than focusing on earning a specific number of pips per day, traders need to focus on what can be controlled. In trading terms this relates to following a strategy perfectly, with no emotion or hesitation. Learn more here:
  • That if you’re offended by what someone says on Twitter and that ruins your day, you live an extremely lucky life to be able to have that be your biggest problem for the day.
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • Moving averages are extremely popular due to its easy-to-use nature and multitude of uses when trading. What are some popular moving averages and how can you use them? Find out:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
DAX 30 Price Forecast: Can the Index Escape its Range?

DAX 30 Price Forecast: Can the Index Escape its Range?

2020-02-05 17:45:00
Peter Hanks, Analyst

DAX 30 Price Outlook:

  • The DAX 30 is encountering initial resistance around 13,470, but the true test may lie around 13,575
  • Fiscal and monetary policy changes are potential catalysts that could boost the index over the long term
  • In the meantime, the DAX will look to trade in conjunction with broader risk appetite which has recently been contingent on the coronavirus

DAX 30 Price Forecast: Can the Index Escape its Range?

A recent spike in volatility has seen the DAX 30 fluctuate wildly between support and resistance. Largely due to coronavirus fears and its impact on economic growth, investors sought to reassess equity valuations. Initially, the reassessment saw the DAX 30 fall to longstanding support but a quick reversal in risk appetite sparked a recovery rally which has allowed the index to reclaim various technical levels and once again threaten a range break out. Can the DAX 30 surmount resistance that has kept it in check over the last three months?

DAX 30 Price Chart: Daily Time Frame (August 2019 – February 2020)

DAX 30 daily price chart

To be sure, coronavirus concerns should persist for some time, but the initial shock appears to be over. Should investors continue to shrug off the adverse economic implications of the viral outbreak, the DAX could look to press higher at this stage. Furthermore, an upcoming speech from Christine Lagarde, head of the ECB, could provide the required spark if she alludes to accommodative fiscal or monetary policy changes.

How to Trade Dax 30: Trading Strategies and Tips

Regardless, the German equity index will have to surpass a flurry of technical barriers that have stalled previous rallies in pursuit of a continuation higher. Two parallel trendlines at 13,530 and 13,580 will conjoin to form the first hurdle, followed by an ascending trendline that exists around 13,665. Together, the three technical levels may pose a significant challenge for the DAX.

DAX 30 Price Chart: 4 - Hour Time Frame (October 2019 – February 2020)

DAX 30 hourly price chart

On the other hand, a reemergence of risk aversion – which is certainly a possibility given the depressed valuations of growth-sensitive commodities – could weigh on the DAX. Such weight would work to keep the index trapped within its recent range and would leave it grasping for support at the various technical levels underneath.

To that end, initial support may be offered by the horizontal band around 13,300 which coincides with the 200-period simple moving average on the 4-hour chart and an ascending trendline. Together, they should make a formidable stand, but have been shown to break down in the past. Consequently, subsequent support at the 13,200 mark may be required.

Germany 30 BULLISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -24% 2% -6%
Weekly -24% 22% 5%
What does it mean for price action?
Get My Guide

In the event of an abrupt reversal like the one witnessed last week, the DAX 30 will once again look to 12,880 for assistance. While the technical and fundamental landscape remain in flux IG Client Sentiment Data reveals retail traders are confident the DAX can break higher.

Starts in:
Live now:
Dec 10
( 16:12 GMT )
Recommended by Peter Hanks
Trader's Toolbox: How to Identify Price Trends with Trader Sentiment
Register for webinar
Join now
Webinar has ended

Since we typically view sentiment data as a contrarian indicator, this could suggest the DAX 30 is due for further strength. To learn more about IG Client sentiment Data and how to use it when trading, sign up for my webinar above. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Junior Analyst for

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.