Daily Chart: Longer-Term Bias: Neutral

4-Hour Chart: Short-Term Outlook: Bearish

Friday 6th September

The daily chart for the DAX shows a neutral longer-term bias, with the price currently consolidating around the resistance level at 18,332. The recent break above the ascending trendline (orange line) failed to sustain, indicating a potential lack of buying momentum. The price is trading above the 200-day moving average (green line) at 17,782, which continues to provide strong support. However, the Stochastic Momentum Index is moving downward from the overbought territory, suggesting that the upward momentum may be weakening. Key resistance levels are identified at 18,332 and 18,648, while support levels are located at 17,782 and 17,504. A potential downside move towards the 17,782 level is possible if the price fails to hold above 18,332, with a stop loss recommended just above 18,648 to manage risk against a possible breakout.

The 4-hour chart shows a bearish short-term outlook for the DAX as the price has broken below the ascending channel (blue lines) and is trading below both the 50-period (magenta line) and 200-period (green line) moving averages at 18,588 and 18,274, respectively. The failure to sustain above the key resistance level at 18,758 indicates strong selling pressure. The Stochastic Momentum Index is in oversold territory but not yet showing any signs of a bullish reversal, suggesting that further downside is possible. Immediate support levels to watch are at 18,018 and 17,947, while resistance levels are seen at 18,588 and 18,758. A short position with a downside target toward 18,018 is recommended, with a stop loss above 18,588 to protect against a potential rebound.

Daily Chart – Longer-Term Bias: Neutral

4-Hour Chart: Short-Term Outlook: Bearish

Thursday 5th September

The daily chart of the DAX index indicates a neutral longer-term bias as the price has recently pulled back from a strong upward move and is currently hovering around a key resistance level at 18,328. The price remains above the 200-day moving average (green line) at 17,709, suggesting that the broader uptrend is still intact. However, it has fallen below the 50-day (pink line) moving average at 18,575, signaling caution for further upward momentum. The Stochastic Momentum Index has recently crossed downward from the overbought territory, indicating a potential loss of bullish momentum and an increased risk of consolidation or correction. Resistance levels are seen at 18,759 and 18,838, while support is identified at 18,018 and 17,709. A break below the key support at 18,018 may lead to further downside pressure toward the 17,709 level. Given the mixed signals, traders may consider a stop loss below 18,018 to protect against a deeper pullback while targeting a potential move back towards 18,759 if bullish momentum resumes.

The 4-hour chart of the DAX shows a bearish short-term outlook as the price has broken below the ascending channel (light blue lines) and is trading below the 50-period moving average (pink line) at 18,575. The Stochastic Momentum Index has turned upwards from deeply oversold levels, indicating a potential short-term relief rally; however, the overall bearish momentum remains intact unless the price can break above the 18,575 resistance level. Immediate resistance is at 18,575 and 18,759, while support levels are located at 18,272 and 18,018. A move below the 18,018 level could accelerate selling pressure, targeting the next support zone at 17,947. Traders may consider short positions on any rallies toward resistance, with a stop loss placed just above 18,759 to mitigate risks from a potential bullish reversal.

Wednesday 4th September

The daily chart indicates a neutral longer-term bias as the price action has recently broken out of the ascending channel but is now consolidating near key resistance levels. The price is currently trading near 18,319.756, which aligns closely with the 50-day moving average (pink line) and acts as immediate resistance. The 200-day moving average (green line) at 17,758.855 provides solid support. The Stochastic Momentum Index is retreating from overbought territory, suggesting potential for a further pullback or consolidation in the short term. Immediate resistance is seen at 18,621.588, and a break above this level could lead to further gains toward 18,783.097. On the downside, if the price breaks below the support at 17,947.988, it could signal a deeper correction toward 17,758.855. Traders should consider a neutral stance and wait for a clearer directional signal, with a stop loss placed just below 17,947.988 to manage downside risk.

The 4-hour chart presents a bearish short-term outlook, with the price recently breaking below both the 50-period moving average (pink line) at 18,575.707 and the lower boundary of the ascending channel. The Stochastic Momentum Index is in deeply oversold territory, indicating potential for a short-term bounce; however, the overall trend remains bearish unless a recovery above 18,783.097 occurs. Immediate resistance is at 18,575.707, and if the price fails to break back above this level, further downside toward 18,284.947 is likely. A break below this support could lead to an extended move down to 17,947.988. Traders should consider short positions with a stop loss above 18,575.707, targeting the next support levels at 18,284.947 and potentially lower.

Tuesday 3rd September

The daily chart indicates a bullish longer-term bias as the price remains within an ascending channel, supported by a rising trendline. The price is currently trading above the 200-day moving average (green line) at 17,745 and the 50-day moving average (pink line) at 18,018, both of which suggest strong underlying support. The Stochastic Momentum Index is at 77.79%, in the overbought territory, indicating that while the bullish trend is intact, the market may be overextended in the short term, and a pullback or consolidation could occur. Immediate resistance is at 18,615, with further upside targets at 18,800. A break below the rising trendline near 18,018 could signal the start of a deeper correction, with potential downside targets at 17,744 and then 17,000. A stop loss below 17,947 is recommended to protect against a bearish reversal. Support is established at 18,018 and then at 17,744.

The 4-hour chart shows a bearish short-term outlook as the price begins to show signs of weakness near the upper boundary of the ascending channel. The price is currently trading above the 50-period moving average (pink line) at 18,575 but below the recent highs, indicating potential resistance and a loss of upward momentum. The Stochastic Momentum Index is at 57.05%, suggesting that while the momentum is still positive, there is a risk of a bearish divergence if the price fails to make a new high. Immediate support is at 18,575, with further downside potential towards 18,318 and 18,018 if the bearish trend intensifies. Resistance is at 18,732, with a stronger resistance level at 18,800. A stop loss above 18,732 is recommended to guard against any potential upside breakout.

Monday 2nd September

The daily chart for the DAX index suggests a bullish longer-term bias, with the price continuing to trend upward within a well-defined ascending channel. The price has broken above the resistance level at 18,301.30, now trading around 18,530.73, confirming the strength of the ongoing uptrend. The 50-day moving average (pink line) at 17,729.72 provides strong support, while the 200-day moving average (green line) at 17,004.00 further reinforces the broader bullish outlook. The Stochastic Momentum Index is at 73.83%, approaching the overbought zone, which suggests caution; however, the bullish momentum remains intact unless there is a break below the immediate support level. Traders should maintain a bullish stance with an upside target toward 18,888.53, with a recommended stop loss set just below 18,018.00 to protect against potential pullbacks.

The 4-hour chart for the DAX index also reflects a bullish short-term outlook, with the price trading near the upper boundary of the ascending channel. The price is currently supported by the 50-period moving average (pink line) at 18,674.18, and a sustained move above this level could further propel the index toward the upper resistance at 18,888.52. The Stochastic Momentum Index is at 35.46%, suggesting a consolidation phase before a potential continuation of the upward move. The recent breakout above the short-term resistance at 18,674.18 reinforces the bullish sentiment, although caution is warranted as the price nears overbought conditions. Traders could look for an upside target near 18,888.52, with a stop loss placed below the support at 18,234.97 to protect against downside risk.

Friday 30th August

The daily chart for the DAX index shows a neutral longer-term bias, with the price currently consolidating within a tight ascending channel. The price has recently rebounded from the 50-day moving average (pink line) at 17,714.45, indicating some underlying support. However, the Stochastic Momentum Index is in overbought territory at 88.02%, suggesting that the upward momentum may be losing steam. Immediate resistance is found at 18,285.65, with a further target at 18,797.16 if the price can sustain above current levels. Conversely, a break below the 17,714.45 support could lead to a deeper correction toward 17,004.00, aligning with the 200-day moving average (green line). Traders might consider placing a stop loss below 17,004.00 to mitigate the risk of a more significant downside move.

The 4-hour chart for the DAX index reflects a bearish short-term outlook as the price trades near the upper boundary of a narrow ascending channel. The price has recently tested the resistance at 18,797.16 but failed to break higher, indicating potential weakness. The Stochastic Momentum Index is currently at 26.27%, moving downward from overbought territory, suggesting the possibility of a pullback. Immediate support is seen at 18,218.76, with further downside potential toward the 18,018.00 level. A break below 18,218.76 could accelerate the decline, while a move above 18,797.16 would negate the bearish outlook and signal a continuation of the uptrend. Traders may consider setting a stop loss above 18,797.16 to protect against a potential reversal.