Friday, 01/14/2022 – 8:19 a.m. – Chart analysis Here is today’s DAX forecast. Since 7:45 a.m., all DAX chart parameters for the daily candles and hourly candles have been carefully evaluated and the FDAX included. This is indicated by the DAX price patterns for today until 5:30 p.m….
DAX – Abbreviation: DAX – ISIN: DE0008469008
Stock exchange: XETRA / price: 16,031.59 pts
XETRA DAX previous day’s closing price: 16031.59
DAX pre-exchange: 15940
VDAX NEW: 17.32% DAX resistances: 15950/15975 + 16060/16070 + 16150 + 16250(R3) + 16290 DAX supports: 15860 + 15803(S3) + 15752/15724 + 15673 + 15592
DAX hourly candlestick chart:
The DAX is weakening! That smells like “b-wave” that has been struggling to get up from 15724 for 2 days.
The DAX starts about 100 points weaker today, the DAX pre-stock exchange is clocking at about 15940.
The 15950/15975 area is already a newly established resistance zone in the pre-market, which can hardly be conquered in the morning.
The DAX could drop during Friday from 15950/15975 to 15860 (EMA200/h1) and up to 15803/15800, to then rise again from Monday, e.g. to 16100 or 16150.
The pullback phase from the previous week’s high 16285 should therefore be a lot (a few days) wider. The unfinished downward cycle of the “Stochastic” indicator in the daily candlesticks spoke for it anyway.
DAX daily candle chart:
The DAX chart parameters in the daily candle chart are all supportive, starting at 15803/15752 (horizontal/ supertrend indicator), then 15673/15592 (Kijun/ SMA200) up to 15356 (EMA200).
Accordingly, a significant DAX slump is unlikely.
As mentioned above, the downward cycle of the “Stochastic” indicator is not over yet. This indicator could keep the DAX sideways for a few more days, but the situation is at least not mature enough for new strong DAX increases.
Any trading below 15800 would basically be a sign of DAX weakness. However, bearish consequences could still be warded off or prevented comfortably at the daily candle chart parameters at 15752 (ST), 15673 (Kijun) and 15592 (SMA200).
Only after the DAX closed below the red EMA200 at 15356 would there be sell signals for the targets 15050/15015 and 14815.
Conclusion: The DAX pullback phase from the previous week’s high of 16285 should spread considerably and keep the DAX between 16100/16150 and 15675/15600 for days. The DAX test of c. 15800 is in the air TODAY (especially below 15975)!
I wish you success!
Rocco Gräfe Watch out latecomers!
Now look back at my big year outlook 2022 on the basic direction of the year with all index targets, buying opportunities and supports, many stock opportunities, as well as my year 2022 Top10, incl. 11 bonus tracks. XETRA DAX hourly candlestick chart DAX hourly candlestick chart, indicative, interactiveXETRA DAX daily candlestick chart
#DAX #daily #outlook #pullback #phase #considerably #broader