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Main » 2016 » August » 7 » DAX Index forecast for today 08/08/2016
DAX Index forecast for today 08/08/2016



European stocks showed a positive trend after a decline in the previous session. Thus, on Friday it managed to reduce weekly losses against the background of the adoption of stimulus measures by central banks of the world, as well as the strong statements of most companies.




Current situation

On Friday, the bulls took the lead trades. DAX Index rose to 10,350 and closed trades above this mark, showing an increase of 1.36%. Resistance is located at 10520 support - to 10,350.


MACD moved into positive territory. Histogram rose, indicating the strengthening of customer positions. RSI is close to overbought.


The price rebounded from the 50-EMA and went up from it. 50-EMA-EMA 100 and directed upward, at the same time 200-EMA neutral.


forecast DAX

Probably, the index will continue to rise In this scenario the first target area will make 10520.




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