Germany 40 index reveals pattern

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


During April, the Germany 40 index has continued to decline from the resistance zone at 14,830.00/14,950.00. During the review conducted on May 6th, it was spotted that the stock index has been declining in a channel down pattern. Most recently, the stocks bounced off the upper trend line of the pattern and declined to once again look for support in the early 2021 low levels near 13,570.00/13,650.00.

A move below the 13,570.00 level is almost immediately going to approach another support zone. Namely, the late 2020 high and 2021 low level zone at 13,275.00/13,465.00 is highly likely to act as support. Further below, take into account the lower trend line of the channel down pattern, the 13,000.00 and the 12,500.00 levels.

On the other hand, a potential German stock market recovery would have to break the channel down pattern's upper trend line and reach above the 14,200.00 mark, before approaching the 14,830.00/14,950.00 zone. In addition, note the 50-day simple moving average, which has shown to be capable of providing short term resistance and support.
Back to articles

Actual Topics

Tue, 10 May 2022 12:24:51 GMT

USD/CHF aims at parity

Since the review done on April 4, the USD/CHF has jumped 7.50% or almost 700 base points. In general, the support of the long term trend line was enough for a surge to start, which eventually broke past the 2021 and 2022 high levels at 0.9475. By May 10, the pair had reached 2019 levels, as it approached

Fri, 06 May 2022 16:02:45 GMT

USA Tech Stocks reach new low

In the aftermath of facing the resistance of the 200-day simple moving average, the USA Tech Stock index started a decline from the 15,275.00 level. In addition, a channel down pattern was revealed, which had guided the index since November. By May 6th, in the aftermath of the Federal Reserve's latest policy announcements, the stocks declined below the March

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.