Categories: Technical analysis

DAX index Wave Analysis – 12 February 2025

– DAX index broke resistance level 22000.00

– Likely to rise to resistance level 22500.00

DAX index is under the bullish pressure afar the earlier breakout of the daily up channel from August and the resistance level 22000.00

The breakout of the resistance level 22000.00 greatly accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from November.

Given the clear daily uptrend and the accelerating upward channel inside which the price is moving now, DAX index can be expected to rise to the next resistance level 22500.00 (target price for the completion of the active impulse wave 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: DAX

Recent Posts

ECB, BoE, and BoJ take different paths

Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…

3 hours ago

Crypto Market Holds at $3T Amid Broken Uptrend

Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…

4 hours ago

Gold Wave Analysis – 12 December 2025

Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…

3 days ago

EURGBP Wave Analysis – 12 December 2025

EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…

3 days ago

Filecoin Wave Analysis – 12 December 2025

Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…

3 days ago

Ethereum Wave Analysis – 12 December 2025

Ethereum: ⬇️ Sell - Ethereum reversed from resistance level 3400.00 - Likely to fall to support…

3 days ago

This website uses cookies