We predicted yesterday that Dax was on its way to target 12 494. This analysis turned out correct and the price reached all the way to 12 592. This is also where the new fair value was formed - the balanced price with biggest volume of orders. Despite the correction of the last trading hour of the session, yesterday's session can be classified very positively for buyers.
Important zones
Resistance: 12 882
Support: 12 592
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:15 - 10:00 CEST - Eurozone PMIs
Today's session hypothesis
Friday's session starts with an ascending gap and it looks like the continuation to the upside is likely. We have enough space ahead of us without consolidation and we'd like to see market participants taking advantage of the price momentum. After breaking above 12 494, Dax gave us a clear signal to continue to higher levels. Another resistance in sight is up at 12 882.
Important zones
Resistance: 12 882
Support: 12 592
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:15 - 10:00 CEST - Eurozone PMIs
Today's session hypothesis
Friday's session starts with an ascending gap and it looks like the continuation to the upside is likely. We have enough space ahead of us without consolidation and we'd like to see market participants taking advantage of the price momentum. After breaking above 12 494, Dax gave us a clear signal to continue to higher levels. Another resistance in sight is up at 12 882.