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Main » 2016 » July » 29 » DAX forecast for today 07/29/2016
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DAX forecast for today 07/29/2016

 

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Stock indexes in Europe were mixed on Thursday. Meanwhile, investors continue to analyze corporate reports for the last quarter.

 

 

 

Current situation

The overall picture shows bullish sentiment, DAX resumed growth after a short-term consolidation below 10350. Resistance is located at 10350, Support - to 10175.

 

According to the indicators are more relevant now purchase. MACD is in the positive zone. Histogram rose, indicating the strengthening of buyers in the market. RSI entered overbought zone, which is a signal to buy.

 

Moving averages (50, 100 and 200) move in an upward direction on the 4-hour chart.

 

forecast DAX

In the short term we can expect growth of the index. Break resistance at 10350, would open the way to around 10520.

 

 

Forecast Fort Financial Services

 

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