Markets

DAX – The bears take their chance

The DAX® adhered well to the timetable yesterday. The resistances held at 13,313 and 13,240 points. The sellers started the next wave of sales there, which accelerated after 3:30 p.m. with further falling US stock exchanges. Today the index opens with a large price gap to the bottom and falls below a whole range of supports.
The wave of sales stopped intraday only in the zone between 12,843 and 12,807 points. A return to the mark of 12,913 points would now be conceivable. From there, the index could continue its downward movement. If it falls below the 12,800 point mark, further downside potential can be derived in the direction of 12,710 to 12,689 points. The EMA200 runs there every hour today.

On the upper side, in addition to the mark of 12,913 points, the zone between 12,955 and 13,044 points now serves as resistance. The hourly downtrend is now intact as long as the intermediate high of 13,217 points is no longer exceeded. A rise above 13,313 points is again a strong buy signal. In this case, the gap close at 13,500 points would be the next target.

DAX® in points hourly chart; 1 candle = 1 hour (log. Candle chart display)

Viewing period: 07.07.2020 – 24.07.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (log. Candle chart)

Observation period: July 1, 2015 – July 24, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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Turbo Bull on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pointsleverlast valuation day
DAX® indexHW0S4D19.8210,8706.4807/31/2020
DAX® indexHW0S5816.2411,2257.9107/31/2020
Source: HypoVereinsbank onemarkets; 24.07.2020; 10:26 a.m.

Turbo Bear on the DAX® Index for speculation of a loss in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pointsleverlast valuation day
DAX® indexHW0S7A11.6013,95011.0907/31/2020
DAX® indexHR0A1B26.1413,2254.9008/31/2020
Source: HypoVereinsbank onemarkets; 24.07.2020; 10:28 a.m.
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The contribution DAX – the bears use their chance first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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