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DEU.IDX/EUR Outlook.

In Germany Year-on-year, the GDP advanced 1.2 percent, slower than preliminary estimates of a 1.6 percent growth and a 1.5 percent expansion in the third quarter. It was the weakest expansion since the September quarter 2014. Household final consumption rose 1.5 percent, the same pace as in the previous quarter. Government consumption expanded 3.2 percent, down from a 3.5 percent expansion in the September quarter. Overall consumption contributed 1.5 percentage points to growth. Gross fixed capi…
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Predicting DEU.IDX/EUR

In Germany DAX is on rise with the release of upbeat coporate earnings reports for the last quarter of 2016, although political uncertainty continue to weigh. In coming months Investors are expected to remain cautious as worries over elections in France, Germany, the Netherlands and possibly Italy, as well as the ongoing row over Greece's bailout is adding to concerns over political risk in the euro area.
If we look on technical charts we can see that DAX is in uptrend on the monthly charts with…
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lelipuzik avatar
lelipuzik 31 Mar.

nice! like it

TInna avatar
TInna 31 Mar.

well done!

wisdom_consultant avatar

very good !

Milian avatar
Milian 31 Mar.

good work!

someday777777 avatar

nice

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DEU.IDX/EUR FOLLOWING THE UPTREND

DEU.IDX/EUR is following US markets and had a breakout last wee after consolidation for long. As ECB said, it is increasing quantitative easing programme. It has next resistance at near 12400.
TOOLS USED: ICHIMOKU, LONGER TERM SUPPORT RESISTANCE PRICE ACTION.
CHARTS : WEEKLY
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Elens94 avatar
Elens94 13 Dec.

Well done!

VAIBS1991 avatar
VAIBS1991 13 Dec.

Thank you Elens.

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Waiting for DAX breakout.

DAX broke on the upside of weekly downward trend line in Aug 2016. In last three months it is treading sideways with weekly trend line acting as support.
Yesterday after US presidential election results were announced it rallied from the low of 10040 to 10700 as of now. There are not many scheduled risk events till FOMC next month. If not for any unforeseen risk off event I am expecting the rally to continue this month till the horizontal resistance of 11400. There might be some correction post…
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