The German benchmark index is in the middle of a short-term upward correction.
W1 chart
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe DE30 broke through the low for the year this week - but the decline turned out to be a false breakout. A recovery was then initiated, recouping much of the losses. With the medium-term downtrend intact, a second test remains most likely.
Source: xStation5
H4 chart
The DE30 is moving in a steady uptrend towards the high at 12,947 points. This represents the most important resistance for buyers. Should there be a sustained breakout, there would be a chance for stronger rises. Currently, more selling pressure is to be expected.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
