The Hourly View for DAX
Last Updated June 18, 2021, 01:014 GMT
At the time of this writing, DAX’s price is up 13 (0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
DAX Daily Price Recap
DAX entered today at 15727.67, up 0.11% ($17.1) from yesterday. Out of the 14 instruments in the equity indices asset class, DAX ended up ranking 5th for the day in terms of price change relative to yesterday. Below is a daily price chart of DAX.
DAX Technical Analysis
Volatility for DAX has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days DAX’s price has gone down 6 them.