DAX index recovers after sales

By | May 15, 2015

The German DAX 30 index background is restored after the indices in the US who are responding positively to the increased likelihood that the Fed may start a cycle of raising interest rates towards the end of 2015 and not in September. The reason for the revision become weak retail sales data on 13 September.

Positive external background from the United States and is complemented by positive trends in other European markets. On the path of the upward trend returns and the French CAC 40, as the GDP data for the first quarter of 2015 the second euro-zone economy was better than expected. Important macroeconomic social statistics from Germany capable dampen investor sentiment, currently planned. We are looking for shopping opportunities in the preparation of technical signals the resumption of the uptrend.

dax chart
Dax chart

 Trading analytics

Support and resistance levels  
Support 1    11465
Support 2    11225
Current price:   11508
Resistance 1    11628
Resistance 2    11890

Dax 30 index (FDAX)   –   buy dax30   –   Purchases, if quotes close above the resistance level of 11628. The purpose – 11890. Stop-Loss = 11508

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.

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