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DAX: Brexit, lockdown and euro create worry lines – Donner & Reuschel column

The consolidation range (13,500 – 13,004) remains intact at the beginning of the week for the time being. The support at 13,004 points is the closest support mark. The technical market indicators are showing signs of failure. The momentum oscillates slightly above the zero line. The slow stochastic generates a short-term sell signal. The 13,500 remain the “tough nut” that is expected in the short term. Risk-averse investors should leave the hedges at 13.004. At the beginning of the week, investors are worried about heightened concerns about a “hard Brexit” and the tightened lockdown in Germany. The US stock exchanges, however, are still in the middle of the year-end rally. Both the Dow Jones Industrial, the Nasdaq 100 and the S&P 500 previously had to cope with similar patterns as the DAX 30. After these were over-negotiated, it seemed like a liberation.

If the current DAX sideways trend is projected upwards, the short to medium-term price target is 13,996 or a plus of 3.67%. The volume and the volume price trend continue to be constant. As long as the 13.004 is not negotiated, there is no threat to the German benchmark index. Today, however, this support can be tested again. The strong euro is also causing concern about Germany’s leading index. This is currently still fixed at $ 1.214. Shares in export companies are particularly affected. This can dampen the demand for goods from German companies outside the euro zone. Brexit, lockdown and the euro are causing worry lines at the start of the week today.

– Next chart resistance: 13,370, 13,500, 13,689, 13,795
– Next important technical technical supports: 13.004, 12.960, 12.820, 12.671
– Upper Bollinger Band: 13,421, Middle Bollinger Band: 13,243 and Lower Bollinger Band: 13,066
– 100-day line: 12,878 and 200-day line: 12,063 and: 38-day line: 12,853
– Indicators: MACD: neutral | Slow stochastics: sell signal | RSI: neutral | Momentum: still positive
– Ichimoku Kinko Hyo: still positive
– The opening at 9:00 am is expected at around 13,160
– (Trailing) stop loss: 13.004, 12.960, 12.820, 12.671 (depending on individual risk perception)

Primary trend (long-term): not yet back in the lfr. Upward trend
Secondary trend (medium-term): The medium-term trend remains positive
Tertiary trend (today): Test of 13,004 possible
Tightened Brexit and Lockdown Concerns

Livestream on December 14th, 2020 from 6 p.m .:

With Hans-Werner Sinn, former President of the Ifo Institute.

With Hans-Werner Sinn, former President of the Ifo Institute: Corona and the miraculous increase in money in Europe
– Here is the stream! –

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