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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.97%, while traders in NZD/USD are at opposite extremes with 74.26%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇩🇪 Ifo Business Climate (NOV) due at 09:00 GMT (15min) Expected: 90.1 Previous: 92.7
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.90% Gold: -0.56% Silver: -0.56% View the performance of all markets via
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.90% 🇦🇺AUD: 0.89% 🇨🇦CAD: 0.37% 🇪🇺EUR: 0.25% 🇯🇵JPY: 0.21% 🇨🇭CHF: 0.19% View the performance of all markets via
  • Risk-on tilt to kick-off the European trading session Haven-associated $USD and $JPY extending declines while the cyclically sensitive $AUDUSD soars to multi-month highs European equity markets aiming higher #DAX30 - +0.55% #EUStoxx50 - +0.52% #FTSE100 - +0.55%
  • Russell 2000, Dow Jones to Rise on Vaccine Results, Biden Transition - $DJIA $RUT $YM $RTY
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.79% US 500: 0.65% France 40: 0.65% Germany 30: 0.57% FTSE 100: 0.50% View the performance of all markets via
  • 🇫🇷 Business Confidence (NOV) Actual: 92 Expected: 91 Previous: 93
  • Heads Up:🇫🇷 Business Confidence (NOV) due at 07:45 GMT (15min) Expected: 91 Previous: 93
DAX Chart Analysis – Bounce Could Be Near, but Damage Significant

DAX Chart Analysis – Bounce Could Be Near, but Damage Significant

2018-02-05 12:28:00
Paul Robinson, Strategist

DAX Highlights:

  • DAX decline continues, could be due for a bounce soon
  • But important technical levels and lines have already been broken
  • A bounce may prove to struggle to gain much momentum before sellers show back up

For longer-term fundamental and technical analysis on the DAX & Euro, and our top trade ideas for 2018, check out the DailyFX Trading Guides page.

DAX short-term oversold, but technical damage signficant

The fall from the record high as been fierce, with only marginal bounces at best alleviating the selling pressure. Our focus recently shifted towards important support as the next likely spot for the DAX to sell off to, but those levels have failed.

All in them in aligned in the same vicinity – the trend-line from June 2016, the Jan 2 low, and the 200-day MA. Today’s gap, while there could still be a turnaround, has the DAX clearly trading below the trio of levels. Given the importance of this confluence, if the DAX doesn’t turnaround and close above them today, we’ll have an official daily closing break.

Given the straight-line sell-off, the DAX may find some short-term relief, but given the proximity of the aforementioned levels, it only has about 100-200 points from current levels (12750/12860) before sellers could show up again (old support, new resistance).

Looking to the left on the chart, there are minor levels (including one around the current price at 12676), but nothing truly meaningful until ~12300, where last summer the market traded around this level as support and then resistance for a couple of months. Below there, the late-August swing-low at 11868 comes into play.

For now, we’ll stick with a downward bias and look to failed attempts to rally as potential opportunities for ‘would-be’ sellers to join in on the decline.

Check out this guide for ideas on Building Confidence in Trading

DAX Daily Chart

DAX daily chart, below support

Trader Resources

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

To receive Paul’s analysis directly via email, please SIGN UP HERE

You can follow Paul on Twitter at @PaulRobinsonFX

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