Thursday 17th October

The daily chart for the DAX shows a bullish outlook, with the price maintaining an upward trend above key moving averages. The 50-day moving average (pink line) at 18,775 and the 200-day moving average (green line) at 18,136 are both below the current price, providing strong support levels. The price action has recently broken above the prior resistance level at 18,775, confirming the continuation of the uptrend. The next significant resistance level lies at 19,278, followed by a more ambitious target near 19,502. The Stochastic Momentum Index is currently at 58.88%, indicating that there is still room for the bullish momentum to continue, although caution is warranted as the indicator approaches overbought levels. Traders should monitor the price behavior near resistance and consider setting a stop loss just below the 50-day moving average at 18,775 to protect against any unexpected downside.

The 4-hour chart reflects a neutral short-term outlook for the DAX, with the price showing signs of consolidation after a recent upward rally. The price is currently holding above the 50-period moving average (pink line) at 19,291, which is providing short-term support, while the 200-period moving average (green line) at 18,941 offers more substantial support below. The price is struggling to break higher, facing resistance near the 19,502 level, and the Stochastic Momentum Index is at -11.64%, indicating that the bullish momentum is weakening. A potential pullback toward the 50-period moving average at 19,291 is possible before any continuation higher. Traders adopting a neutral stance may consider a stop loss below 19,291 in case the price breaks lower.

Wednesday 16th October

The daily chart of the DAX shows a strong bullish bias as the price continues to trade above key moving averages, with the 50-day moving average (pink line) at 18,740 providing immediate support. The 200-day moving average (green line) at 18,122 reinforces the long-term bullish trend. The price is in an uptrend, recently breaking through resistance at 18,925. The Stochastic Momentum Index is at 58.77%, suggesting that while momentum is positive, there is still room for further upside before entering overbought territory. Key resistance levels are at 19,273 and 19,500, while support levels are located at 18,740 and 18,122. Traders should look to capitalize on the bullish trend, with potential upside targets at the aforementioned resistance levels. A stop loss should be placed below the 50-day moving average at 18,740 to protect against a reversal.

The 4-hour chart of the DAX exhibits a more neutral short-term outlook as the price has recently pulled back from its highs, finding short-term support around 19,000. The price remains above the 50-period moving average (pink line) at 19,249, but a break below this level could signal further downside toward the 200-period moving average at 18,925. The Stochastic Momentum Index is at -17.06%, suggesting that downward momentum is not yet strong but could increase if the price fails to hold above current support levels. Immediate resistance is seen at 19,482, and a break above this level would shift the outlook to bullish. For now, caution is advised, with a stop loss above 19,482 in case of an upward breakout. Support lies at 18,925, and any break below this level could lead to further weakness.

Tuesday 15th October

The daily chart reveals a bullish bias as the price action remains firmly above both the 50-day and 200-day moving averages, signaling the continuation of the longer-term uptrend. The 200-day moving average at 18,109 provides strong support, with the price currently testing the upper boundary of the trend. The 50-day moving average at 18,700 serves as dynamic support, reinforcing the bullish momentum. The next key resistance is at 19,268, where a breakout would likely lead to further gains, with the next upside target at 19,394. The Stochastic Momentum Index is in the overbought territory at 61.89%, suggesting that while momentum remains strong, some caution is warranted as the price could face near-term resistance. Traders looking to trade the bullish bias could place a stop loss below the 50-day moving average at 18,700 to manage risk.

On the 4-hour chart, the short-term outlook is also bullish, with the price maintaining its position above both the 50-period and 200-period moving averages, which are currently at 19,191 and 18,907, respectively. Price action shows strength, with higher highs and higher lows, indicating that the bullish trend is intact. Immediate resistance is at 19,268, a level the price is approaching, and a break above this could lead to further gains toward 19,394. The Stochastic Momentum Index is in overbought territory at 77.54%, suggesting the possibility of a short-term pullback or consolidation before further gains. Support is seen at 18,907, followed by 18,575. Traders should consider a stop loss below 18,907 to protect against potential pullbacks.

Monday 14th October

The daily chart shows a strong bullish longer-term bias as the price has been in a consistent uptrend, supported by the 50-day (pink line) moving average at 18,650.89 and the 200-day (green line) moving average at 18,092.90. Both moving averages indicate a healthy upward trend, with the price holding firmly above them. The recent price action suggests that the next resistance level to watch is at 19,207.00, followed by 19,278.56, where further upside gains could be realized. The Stochastic Momentum Index is currently at 39.04%, signaling that there is still room for further upward movement before overbought conditions set in. Traders targeting the next leg of the uptrend should aim for a breakout above the immediate resistance of 19,207.00 while placing stop-loss orders below the key support at 18,092.90 to protect against downside risks.

On the 4-hour chart, the short-term outlook is also bullish, as the price continues to trade above the 50-period (pink line) and 200-period (green line) moving averages, currently at 19,149.08 and 18,887.70, respectively. This setup confirms the prevailing upward momentum. The price has tested the resistance level of 19,278.56, which serves as the next target for further gains. The Stochastic Momentum Index is overbought at 65.94%, signaling that a pullback or consolidation might be on the horizon, but the overall trend remains strong. Any retracement toward 18,887.70 would present a potential buying opportunity, with a recommended stop-loss below this level to guard against deeper corrections. Traders should monitor the price action closely around the resistance zone, as a breakout would validate further upside momentum.

Friday 11th October

The daily chart for the DAX shows a neutral longer-term bias as the index consolidates near recent highs, lacking a clear directional trend. The price remains above the 200-day moving average (green line) at 18,078.143, signaling underlying bullish strength in the long term. The index is currently trading above the 50-day moving average (pink line) at 18,808.820 and the 20-day moving average (blue line) at 19,171.129, both of which act as short-term support levels. However, the Stochastic Momentum Index is in overbought territory, indicating potential exhaustion in the current uptrend and suggesting that a pullback may be imminent if buying momentum weakens. Immediate resistance is found at 19,171.129, and a breakout above this level could trigger further gains towards 19,500. Conversely, a drop below 18,808.820 could indicate the start of a short-term correction, with key support at 18,078.143. Traders should consider a stop loss below 18,700 to guard against potential downside risk.

The 4-hour chart presents a bullish short-term outlook as the price continues to find support above the 200-period moving average (green line) at 18,867.513. The index has recently reclaimed the 50-period moving average (pink line) at 18,968.606, indicating renewed short-term momentum. The Stochastic Momentum Index has turned upwards from oversold levels, suggesting a potential bullish continuation in the near term. Immediate resistance is located at 19,144.330, and a break above this level could see the index push towards 19,500. If, however, the price fails to break through this resistance, a consolidation phase could ensue, with support seen at 18,867.513. A close below 18,867.513 would shift the short-term outlook to neutral, with downside targets at 18,575.707. Traders should place a stop loss below 18,800 to protect against a sudden reversal.