Germany 40 index aims at high levels

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


On Friday, October 29, the Germany 40 index found support in the 15,500.00 mark. By doing so, the rate, first of all, reveled a channel up pattern, which captures the October surge. Secondly, the index appears to be heading to this year's high level zone at 15,940.00/16,035.00.

A continuation of the surge would most likely test the resistance of the high levels at 15,940.00/16,035.00. A passing of these levels would see the index at new all-time-high levels.

On the other hand, a bounce off from the high level zone might force the index into looking for support in the channel up pattern's lower trend line.
Back to articles

Actual Topics

Tue, 02 Nov 2021 12:28:23 GMT

USD/CHF decline passes low level

At the start of November, the USD/CHF currency exchange rate's decline passes the late August low level of 0.9100. Namely, the round exchange rate level failed to provide support. Meanwhile, the currency pair remains in the borders of a channel down pattern. If the pair recovers, it would face the combined resistance of the 55-period simple moving average at the

Mon, 01 Nov 2021 09:18:09 GMT

USA Tech books new ATH

The USA Tech index booked a new all-time-high level on Friday, October 29. The index has been surging on both larger and smaller scales, as USA Tech has been surging in a broad channel up pattern since the middle of 2020. Meanwhile, throughout October the index has been surging, supported by an ascending trend line. In regards to the near

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.