empty
27.06.2023 05:42 PM
Technical analysis on DAX for June 27th, 2023.

This image is no longer relevant

Blue lines- support trend lines

Yellow rectangle- major support

Dax index is trading around 15,860. The last 3 daily candlesticks have long lower tails suggesting that buyers step in when price approaches 15,700. Although price has broken both upward sloping support trend lines, these three candlesticks suggest that a bounce higher is very possible. Possible bounce targets are these broken support trend lines. We could see a back test from below. So our first bounce target is at 15,950 and the second target at 16,080. Short-term support at 15,700 if broken will provide a bearish sign, implying more downside should be expected. Medium-term support remains key at 14,600

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US stock market on April 16: S&P 500 and NASDAQ resume declines

Following the previous regular session, US stock indices closed slightly lower. The S&P 500 slipped by 0.17%, the Nasdaq 100 edged down 0.05%, and the Dow Jones Industrial Average dropped

Jakub Novak 12:22 2025-04-16 UTC+2

US market remains resilient despite tariff turbulence from Trump

S&P 500 Overview for April 16 The US market remains resilient despite tariff turbulence from Trump Major US indices on Tuesday: Dow -0.4%, NASDAQ 0%, S&P 500 -0.2%, S&P

Jozef Kovach 11:50 2025-04-16 UTC+2

S&P 500 and Nasdaq 100: direct signals from earnings and geopolitics

Tuesday's premarket opens with uncertainty, a state that often precedes a storm rather than calm on Wall Street. The S&P 500 futures are sliding toward 5,420 after a strong Monday

Anna Zotova 11:52 2025-04-15 UTC+2

US market at crossroads: up or down?

Overview for April 15 US market at crossroads: up or down? Major US indices on Monday: Dow +0.8%, NASDAQ +0.6%, S&P 500 +0.8%, S&P 500: 5,405, trading range: 5,100–5,800. Stocks

Jozef Kovach 11:52 2025-04-15 UTC+2

US stock market on April 15: S&P 500 and NASDAQ slow their gains

At the close of the previous regular session, US stock indices ended in positive territory. The S&P 500 rose by 0.79%, while the Nasdaq 100 gained 0.64%. The Dow Jones

Jakub Novak 11:34 2025-04-15 UTC+2

Markets depend on Trump's actions: calm seems to be fantasy

Global markets have been swept up in a tariff whirlwind, and the eye of the storm is once again in Washington. Trump, with a stroke of his pen, sends indices

Аlena Ivannitskaya 14:28 2025-04-14 UTC+2

US stock market gains ground as Trump postpones tariffs on some items

S&P500 Snapshot of the benchmark US stock indices on Friday: * Dow Jones: +1.6% * NASDAQ: +2.1% * S&P 500: +1.8%, now at 5,268, trading in a range between 4,800

Jozef Kovach 11:18 2025-04-14 UTC+2

Update on US stock market on April 14. SP500 and NASDAQ regain their footing amid tariffs pause on electronics

US major stock indices closed the regular North American session on Friday in the green. The S&P 500 rose by 1.81%, while the Nasdaq 100 gained 2.06%. The industrial

Jakub Novak 10:54 2025-04-14 UTC+2

US stock market on April 11: S&P 500 and Nasdaq plunge

US equity markets ended Thursday's regular session with steep losses. The S&P 500 dropped 3.46%, the Nasdaq 100 fell 4.31%, and the Dow Jones Industrial Average declined 2.50%

Jakub Novak 13:41 2025-04-11 UTC+2

Update on US stock market on April 11. Major pullback after strong rally. Market regains consciousness.

S&P500 Snapshot of the US benchmark stock indices on Thursday: * Dow -2.5%, * NASDAQ -4.3%, * S&P 500 -3.5% The S&P 500 closed at 5,268, within the range

Jozef Kovach 12:00 2025-04-11 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.