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
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
  • EUR/USD extends the series of lower highs and lows from the previous week as European Central Bank (ECB) officials defend the dovish forward guidance for monetary policy. Get your $EURUSD market update from @DavidJSong here:
  • There are reasonable disputes over where technical boundaries exist from people with different views, charts, time frames, etc. I think this $SPX gap down and drive below the 50-day SMA clearly qualifies as a break
  • Some people like a quiet market that edges higher consistently day in and day out. I am not one of those people. I like volatility
  • 🇺🇸 NAHB Housing Market Index (SEP) Actual: 76 Expected: 74 Previous: 75
  • The Fed has a rate decision on Wednesday which means that they’re in a blackout period now, preventing the possibility of Fed-speak to perk markets up until we hear the rate decision later this week. Get your market update from @JStanleyFX here:
  • Heads Up:🇺🇸 NAHB Housing Market Index (SEP) due at 14:00 GMT (15min) Expected: 74 Previous: 75
  • quick write-up ahead of the us equity open
  • Airliners hitting session highs following these reports - IAG +7.7%
  • US to relax EU/UK travel restrictions for vaccinated - FT
  • S&P 500 Weekly chart for perspective we're < 5% off of ath's set in early-Sept, at this point $ES $SPY $SPX
DAX 30 Technical Outlook Looks Neutral to Negative

DAX 30 Technical Outlook Looks Neutral to Negative

Paul Robinson, Strategist

DAX 30 / CAC 40 Technical Highlights

  • DAX 30 losing upside steam with big resistance ahead
  • Continue to watch 10200 on any downturn
  • CAC 40 level to watch is 4318

DAX 30 losing upside steam with big resistance ahead

The DAX has been in a sluggish state lately even if it isn’t rolling over with any real type of momentum. The 2011 trend-line and gaps from March 6/9 continue to be the big hurdle for the German benchmark to jump. Another push up into the 11235/11541 area could find yet another rejection. If the market can muster that much of a gain.

Right now, short-term momentum is generally heading sideways to south, and on that a dive lower to the important 10200 support level could soon be in the works. This could be a big test as it may determine whether weakness is a pullback that could lead to another drive higher, or whether another leg towards the March low is in the works.

For now, watch how the strong top-side resistance plays out on any test as well as the 10200 level on selling. These levels can could be helpful for traders from both sides of the market structuring good risk/reward trades.

DAX Daily Chart (test of 10200 would be important)

DAX daily price chart

DAX Charts by TradingView

CAC 40 level to watch is 4318

The CAC continues to look more vulnerable than the DAX, so even if its German counterpart can keep holding up or better and rally, relative weakness may become increasingly glaring and suggest that the CAC wants to trade back towards the March lows on erosion in broader sentiment. The near-term support level to watch is 4318, while the capper is at 4719.

CAC 40 Daily Chart (levels on both sides)

CAC 40 daily price chart

CAC Chart by TradingView

Want to learn more about trading the DAX? Check out ‘How to Trade the DAX’, and join me weekly for technical updates in the Indices and Commodities webinar.

Forex 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

You can follow Paul on Twitter at @PaulRobinsonFX

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