empty
22.06.2022 04:20 PM
Technical analysis on DAX for June 22, 2022.

This image is no longer relevant

Red line - neckline resistance

Black lines - Fibonacci retracements

Blue lines -bearish RSI divergence

DAX is trading around 13,100 price level. Short-term trend remains bearish. Since our last analysis on April, DAX continued lower as expected after the rejection at the neckline resistance at 14,800 price level. DAX retested the neckline resistance for a second time two weeks ago and got rejected once again. The inability to break above 14,800 is a sign of weakness. Support is at the 38% Fibonacci retracement. Price action remains weak as price continues making lower highs. A break below 12,430 would be a new bearish signal. If price breaks this support, we should then expect to see it near 11,300 which is our initial target after breaking the neckline resistance.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Why tariffs may trigger rally instead of crash?

The current panic in the markets may be overblown. If tomorrow's tariffs prove to be less damaging than expected, we could witness a short but sharp rebound, particularly

Anna Zotova 11:03 2025-04-01 UTC+2

US stock market: spike from strong support. Growth realistic

S&P500 Update on US stock market Snapshot of benchmark stock indices on Monday: Dow +1%, NASDAQ -0.1%, S&P 500 +0.6%, S&P 500 at 5,612 trading in a range of 5,500

Jozef Kovach 10:48 2025-04-01 UTC+2

Update on US stock market on April 1. SP500 and NASDAQ fall to new one-year low

As a result of Friday's regular session, US stock indices closed mixed. The S&P 500 rose by 0.55%, while the Nasdaq 100 dropped by 0.14%. The industrial Dow Jones gained

Jakub Novak 08:56 2025-04-01 UTC+2

Stock market on March 31: S&P 500 and Nasdaq edge closer to yearly lows

At the close of Friday's regular trading session, US stock indices ended in negative territory. The S&P 500 fell by 1.97%, while the Nasdaq 100 declined by 2.70%

Jakub Novak 12:27 2025-03-31 UTC+2

US market tumbles on Trump's tariff moves and weak economic signals

S&P 500 Overview for March 31 US market sees steep decline. Indices hit one-year lows on Trump's tariff moves. Major US indices on Friday: Dow: -1.7%, NASDAQ: -2.7%, S&P

Jozef Kovach 10:12 2025-03-31 UTC+2

Stock Market on March 28th: S&P 500 and NASDAQ in a Difficult Position

At the close of yesterday's regular trading session, U.S. stock indices ended in the red. The S&P 500 dropped by 0.33%, the Nasdaq 100 fell by 0.53%

Jakub Novak 10:29 2025-03-28 UTC+2

US stock market: Trump's tariffs halt uptrend, so benchmark stock indices consolidating. PCE data on investors' radars today

S&P500 Market update on March 28 US stock market: Trump's tariffs halt uptrend, so benchmark stock indices consolidating. PCE data on investors' radars today Snapshot of US stock market

Jozef Kovach 08:46 2025-03-28 UTC+2

US market slides as Trump's tariffs erodes confidence in economic outlook

S&P 500 Overview for March 27 The US market dipped on renewed tariff fears and economic uncertainty. Key US indices on Wednesday: Dow: -0.3%, NASDAQ: -2.0%, S&P 500: -1.1%, S&P

Jozef Kovach 08:58 2025-03-27 UTC+2

Stock Market on March 27th: S&P 500 and NASDAQ Collapsed After Trump's Latest Tariffs

At the close of Tuesday's regular session, U.S. stock indices ended in negative territory. The S&P 500 dropped 1.12%, while the Nasdaq 100 fell by 2.24%. The Dow Jones Industrial

Jakub Novak 08:43 2025-03-27 UTC+2

US stock market displaying modest growth

S&P500 Stock market update on March 26 Snapshot of the US stock indices on Tuesday: * Dow +0%, NASDAQ +0.5%, * S&P 500 +0.2%, * S&P 500 now trading

Jozef Kovach 09:21 2025-03-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.