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
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (AUG) due at 01:30 GMT (15min) Previous: 57.3%
  • RT @FxWestwater: Australian Dollar Forecast: $AUDUSD Action May Swing on Chinese Industrial Profits Link: https://…
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande
  • 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:
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
DAX 30 Technical Outlook Remains Clouded by Resistance

DAX 30 Technical Outlook Remains Clouded by Resistance

Paul Robinson, Strategist

DAX 30 / CAC 40 Technical Highlights

  • DAX 30 pressing up against the 2011 trend-line
  • Just above is a key gap-fill to watch as well
  • CAC 40 continues to be a laggard

DAX 30 pressing up against the 2011 trend-line

The DAX rose sharply to start the week on a global surge in equities, but it doesn’t really get it any further than where it was a couple of weeks ago. The index is back testing a familiar line of resistance via the underside of the 2011 trend-line, where the recovery DAX began having its greatest difficulties since the recovery began.

We might see an attempt to forge on ahead here a bit and fill the March 6 gap up to 11542, but that may again prove only to be short-lived strength. Overall, the thinking is that the DAX is still vulnerable even if it is hanging on. The most recent hold was around 10200, an area noted before as key support.

Another round of weakness could have this level under siege once more, and we will continue to respect it as support, but should it break then we could see a decent amount of selling come in. However, before getting ahead of ourselves we need to first see how the resistance close at hand is managed. Risk/reward favors sellers at the moment.

DAX Daily Chart (2011 trend-line, gap to watch)

DAX 30

DAX Charts by TradingView

CAC 40 continues to be a laggard

The French benchmark is lagging, not as badly as in Spain or Italy, but the CAC 40 is nevertheless lagging behind the German stock market. The recent swing high at 4719 might not even get tested even if the DAX tries to push on higher a bit. A down-move will have focus on 4194 first as support followed by sub-4k. Higher levels may still be in the works but not likely to come easy or be sustainable.

CAC 40 Daily Chart (lagging)

CAC 40

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.