Technical Update - DAX/GER40 cfd
Kim Cramer Larsson
Technical Analyst, Saxo Bank
DAX/GER40 cfd continued its bounce last week jumping above 0.50 Fibonacci retracement to trade around the 0.618 retracement. For DAX to continue its rebound a Daily close above 14,555 is needed. If that scenario plays out next resistance is at 0.764 retracement at 14,957 but DAX could peep above 15K.
However, RSI is still below 60 threshold and for DAX to gain momentum a close above is needed.
If DAX trades below 13,989 (13,919 on the GER40) the Index is likely to resume downtrend.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.