DONNER & REUSCHEL - Technical Analysis DAX 30
Yesterday, the weak ZEW economic indicator was the primary driver of the euro. Despite the significant decline, this closed the German stock market with a "white doji candle". The plus was 0.5 percent. Economic expectations weakened considerably in July. The increasing punitive tariff threats from the USA have heavily weighed on sentiment. Recently, it had been assumed that the trade dispute would slowly abate. The general focus is still on the upcoming Earnings Season. Charttechnisch took the German leading index recently on some speed up. The sword of Damocles of the shoulder-head-shoulder formation now seems to be finally put ad acta. With the break of the 12,450 points hurdle was also the short-term downside mode (since 15:06:18) left. But strategists can only really breathe a sigh after retaking the 200-day line. This runs at 12,779 meters. In terms of market technology, the indicators in the DAX 30 are neutral again after the buy signals last week. However, thanks to five white candles, the momentum has now turned positive again within seven trading days. The DAX 30 is stable. But there is no trace of dynamics yet. For this, the 200-day line would have to be overcome in the long term.
Market technology again friendly
Stability but no dynamics
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