DAX (DAX) Down 0.11%; in an Uptrend Over Past 30 Days
This move is a reversal from the hour prior, which saw price move down.
DAX
(Last Updated January 18, 2021)
Welcome to the news page for DAX (DAX). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On DAX, there is currently an uptrend on the 90, 30 and 14 day timeframes.
DAX Moving Averages
DAX’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, DAX’s price is down -261.8 (-1.86%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows DAX’s price action over the past year.
DAX (DAX) Down 0.11%; in an Uptrend Over Past 30 Days
Out of the 14 instruments in the equity indices asset class, dax ended up ranking 7th for the day in terms of price change relative to the day prior.
DAX (DAX) Up 0.44%; in an Uptrend Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
DAX (DAX) Down 1.44%, is Inching Close to 20 Day Average; Evening Star Pattern Appearing on Chart
For another vantage point, consider that dax’s price has gone up 17 of the previous 30 trading days.
DAX (DAX) Up 0.35%; in an Uptrend Over Past 30 Days
This is a reversal of the price action on the previous hour, in which price moved up.
DAX (DAX) Up 0.11%; in an Uptrend Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
DAX (DAX) Down 0.08%; in an Uptrend Over Past 14 Days
This is the 3rd consecutive hour dax has seen its price head up.
DAX (DAX) Down 0.8%
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
DAX (DAX) Moves Up For the 2nd Day In A Row; Doji Pattern Appearing on Chart
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
DAX (DAX) Up 1.76%, in an Uptrend Over Past 30 Days; Morning Star Pattern Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.