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
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 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:
  • Short-term uncertainties to keep the pressure on equity markets. Get your weekly equities forecast from @JMcQueenFX here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • - Unreal atmosphere - Shame about the result, but no complaints - Usyk masterclass - Heavyweight division blown wide open
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here:
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
DAX & CAC 40 Crossed Important Thresholds, Room to Run

DAX & CAC 40 Crossed Important Thresholds, Room to Run

Paul Robinson, Strategist

What’s inside:

  • DAX finally takes out significant resistance surrounding 12300
  • CAC 40 crosses over channel line running off May peak
  • Both have room to run with risk appetite firm and impact of euro diminishing

New to Trading? Check out this beginner’s guide – Building Confidence in Trading

In recent posts, we’ve been discussing the positioning of the DAX, and how as long as it remained beneath the area surrounding 12300 the bias would remain neutral to bearish. The area of tough resistance had turned the market lower on several occasions over the course of about six weeks up until yesterday. The pop through was a convincing one. We’ll do now what we typically do, view that once staunch area of resistance as an area of support should we see a revisit. If the market makes a clean break back below then our newly minted bullish bias will have to be put back on the shelf.

From here the next eyed level of resistance comes in around 12676, or the swing-high carved out during the middle-part of July. If global risk appetite continues to remain firm and perhaps we see the euro weaken materially (although it’s having a diminishing impact in general) we may not have to wait long for a visit of the record high near 13k.

DAX: Daily

DAX & CAC 40 Crossed Important Thresholds, Room to Run

Paul conducts webinars Tuesday-Friday. See the Webinar Calendar for details, and the full line-up of upcoming live events.

Since the conclusion of the French elections the CAC 40 began trending lower, with the euphoria of a Macron victory quickly giving way to the rising euro. The selling since May was rather orderly, developing a well-defined channel (or bull-flag). The low carved out at the end of August came on a retest of the trend-line running down off the 2000 peak over the 2007 and 2015 highs. A good spot to find a bottom. Yesterday, we finally saw a break above the top-side parallel of the channel, and like the DAX it was a convincing breakout.

Looking higher, there are certainly levels along the way for the market to contend with, but if we are seeing a broader shift to the top-side then these minor levels of resistance shouldn’t be deal-breakers. The first level comes in at 5231, followed by 5259 in the near-term (Other levels noted on the chart.)

CAC 40: Daily

DAX & CAC 40 Crossed Important Thresholds, Room to Run

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing 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.