German stocks aim at 20k

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


Since the market sell off that occurred at the end of July and start of August, the German top stock index has gained more than 15.00%.

Namely, the index found support in the range that surrounds the 17,000.00 mark and started a major surge. The surge overextended itself near 19,000.00 and a consolidation occurred. However, on a third attempt, the index passed above this level. In early October, the equity index confirmed the 19,000.00 level as support. In addition, the stocks revealed that they are surging in a channel up pattern.

The German equities are expected to approach the 20,000.00 mark and test this level's resistance. If the major mark fails to hold, there is no resistance as high as the upper trend line of the channel pattern near 21,000.00.

On the other hand, a potential decline of the stocks is expected to look for support in the 19,500.00 level and the lower trend line of the ascending channel. If the pattern fails, the index would look for support in the 19,000.00 mark and the 18,500.00 level.
Back to articles

Actual Topics

Mon, 21 Oct 2024 18:12:07 GMT

USA500 stocks confirm high level as support

The US stock index continues higher. In the meantime, note that it has confirmed the prior 2024 high level as support, together with the 5,700.00 mark. Moreover, it appears that the equities have the support of a potential channel up pattern. It can be drawn by connecting the August and September low levels and setting the parallel line at

Tue, 15 Oct 2024 12:46:50 GMT

USD/CAD surge reaches 1.3850

The surge of the US Dollar that started against the Canadian Dollar in early October has managed to breach the 50 and 200-day simple moving averages and the 1.3600 mark. Most recently, the pair has hit the early 2024 high level range near 1.3850. A move above the 1.3850 level is expected to be slowed down by the 1.3900 mark,

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.