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. See our updated Privacy Policy here.



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
More View more
Real Time News
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST on DailyFX! A look at the levels heading into #FOMC -
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - $EURUSD $SPX #Trading
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
DAX Challenging 2015 Levels, CAC 40 Correction Looks Over

DAX Challenging 2015 Levels, CAC 40 Correction Looks Over

Paul Robinson, Strategist

What’s inside:

  • DAX breaks out…finally
  • Top-side levels in play
  • CAC 40 looks to resume higher after ending corrective phase

Trading Ideas and Guides

Finally, the DAX, after three weeks of consolidation it broke free, and with an exclamation point. The 1.8% rip took the DAX to the first level of resistance we have on our charts at just over 11800. Today, it’s working on moving to the next level around the 11920 mark. These levels come by way of a series of lower highs created during 2015 on the descent from record levels. On a move beyond 11920, we will then look to 12079.

In the very short-term, caution is warranted for establishing new long positions given how strongly the market has rallied in the past couple of sessions; a prudent approach is to wait for a pullback/consolidation on the intra-day time-frames (1,2-hr time-frames). A pullback and hold around 11802, the first level of resistance now turned support, may offer a good spot for traders looking to take on a long.

DAX: 2-hr

DAX Challenging 2015 Levels, CAC 40 Correction Looks Over

Created with Tradingview

After coming very near the trend-line off the November low, the CAC 40 is turning higher, ending what looks to have been a corrective decline off the very early month highs. We noted on Tuesday the channel developing off the 1/13 high, and that a break above the upper parallel may indicate the pullback is over; it looks as though that is the case. With continued strength, the 1/3 & 1/13 peaks in the 4924/30 vicinity present the next level of resistance the market needs to overcome to continue the advance. A break above those highs lends to a move towards the 5k mark, where lies peaks from late-2015 along with the upper parallel belonging to the trend-line off the June lows. As long as the market stays corralled within the confines of the channel extending back to November, the CAC will remain postured constructively.

CAC 40: Daily

DAX Challenging 2015 Levels, CAC 40 Correction Looks Over

Created with Tradingview

See our Webinar Calendar for a schedule of upcoming live events with DailyFX analysts.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email bysigning up here.

You can follow Paul on Twitter at@PaulRobinonFX.

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