Markets

DAX – So far this is not convincing

In the previous week, the DAX® defended an important support zone between 12,535 and 12,525 points and has been recovering since then. The friendly start of the week is already being sold off.

12,535 to 12,525 points will remain important in the coming hours. Should the German benchmark index tear this support area, that would be interpreted as a steep advance for the bears. Further price declines in the direction of 12,416 points and below to the trend low at 12,253 points could follow.

On the upper side, the path for the DAX® is paved with resistances. In addition to the area around 12,700 points, the highs around 12,768 points as well as the zone 12,807 to 12,843 points. Only when the index can leave all of these barriers behind would buyers gain leeway towards 12,935 points.

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

Observation period: July 22, 2015 – August 10, 2020. Historical considerations are not reliable indicators for future developments. Source: Guidants.com

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

Observation period: 08/01/2015 – 08/10/2020. Historical considerations are not reliable indicators for 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® indexHR0G3N 16.5410,9757.6130.10.2020
DAX® indexHR01QN25.4110.1004.9730.09.2020
Source: HypoVereinsbank onemarkets; 08/10/2020; 10:28 am

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

UnderlyingWKNSelling price in EURBase price / knock-out in pointsleverlast valuation day
DAX® indexHR02ZR 10.5713,64012.1130.09.2020
DAX® indexHR0A1B27.9015,4004.5308/31/2020
Source: HypoVereinsbank onemarkets; 08/10/2020; 10:30 am
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The contribution DAX – That is not yet convincing first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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