Categories: Technical analysis

DAX Wave Analysis – 11 June, 2021

• DAX reversed from key support level 15500.00

• Likely to rise to resistance level 15750.00

DAX index recently reversed up from the key support level 15500.00 (former strong resistance from April – which has been reversing the price from the end of May).

The upward reversal from the support level 15500.00 stopped the previous short-term corrective wave (ii) from the start of June.

Given the strong daily uptrend – DAX index can then be expected to rise further toward the next resistance level 15750.00.

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

A slightly weaker CPI was not enough to break through the highs

US CPI data a bit softer than forecasts, sparking brief market optimism, but resistance remains.…

19 minutes ago

Crude Oil counteracts

Middle East tensions and Venezuelan supply shifts drive Brent crude volatility, with geopolitical risks and…

4 hours ago

Crypto market grows with risk appetite in stocks

Crypto market edges up as risk appetite returns; Bitcoin and Ethereum recover, despite investor caution…

5 hours ago

The yen returned to the Takaichi trade

The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…

6 hours ago

Nat Gas Current situation #tradelikeapro #trading #natgas #tradingstrategy #tradingshorts

Today is Tuesday, the 13th of January, and we will talk about the natural gas…

8 hours ago

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

17 hours ago

This website uses cookies