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CFDs & Rolling Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 57% of retail investor accounts lose money when trading CFDs with this provider.
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CFDs & Rolling Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Technical Update - GER40 (DAX)

Equities 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank Group

GER40 cfd (DAX future) seems to get rejected at the 0.50 Fibonacci retracement level at around 14,084. Selling pressure is likely to resume. A selling pressure that will likely intensify if GER40cfd is being pushed below 13,273. If that scenario plays out new lows are likely. An early warning sign of that possible scenario is if RSI drop back below its trend line.

However, if GER40 trades above 14,100 a move to 0.618 retracement is likely but a move to 15K would not be out of the question. However, 14,830 is strong resistance

GER40 D 15 mar
Source: Saxo Group
GER40 w 15 mar
Source: Saxo Group

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