German stocks struggle to pass high level

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The German top 40 stock index has been struggling to pass the 16,300.00/16,500.00 range. In general, the 16,300.00 level marks the 2021 high level. The index approached the high level and bounced off it in May. In June, the price shortly touched the 16,430.00 level.

During the late part of June, the index bounced off the resistance and has returned to the support zone at 15,640.00/15,730.00. The support zone appears to have caused a recovery up to the combination of the 50-day simple moving average and the 16,000.00 mark.

A move above 16,000.00 could result in a test of the 16,300.00/16,500.00 range. Higher above, the index would book new all-time-high levels. In theory, round levels might act as resistance.

On the other hand, a decline of the German stocks would first look for support in the 15,640.00/15,730.00 range, prior to approaching the 15,000.00 mark and the support and resistance zone below it.
Back to articles

Actual Topics

Thu, 29 Jun 2023 13:20:31 GMT

South Africa Index looks for support

The South African stock index has revealed support and resistance zones that the equities continue to respect. Most recently, the index retreated to trade in the support zone at 69,000.00/70,250.00. A passing below the 69,000.00 mark could result in the pair declining to the low level range at 67,000.00/67,550.00. However, the decline could be slowed down by the 68,000.00

Wed, 28 Jun 2023 09:56:34 GMT

US Tech stocks confirm pattern

USA Tech stock index has recently confirmed the upper boundary of a major channel up pattern. The pattern has been guiding the index up since October 2022. In theory, the index should decline to the lower trend line of the channel pattern. However, the descent might be slowed down by the 14,500.00 mark, which has acted as support and

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.