Read more
1:46 PM · 18 August 2022

DE30: Setback in the short-term upward trend

The German leading index is trying to stabilize on Thursday. 

D1 chart

The DE30 slipped below the 9-day moving average during yesterday's reversal, forming a bearish engulfing. Today, a first counter-reaction can already be observed. Despite the profit-taking, further price gains could be possible. Only a break below the support at 13,447 points would indicate an end of the short-term upward trend.

Source: xStation5

H4 chart

The smaller time unit shows that three important supports have been broken by the recent price decline - many buyers were stopped out as a result. The sell-off was stopped yesterday near the 61.8% retracement. However, a crossover of the moving averages could raise doubts that a new upward impulse will be started soon.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

14 November 2025, 4:42 PM

US Earnings Season Summary 🗽What the Latest FactSet Data Shows

14 November 2025, 4:28 PM

3 markets to watch next week (14.11.2025)

14 November 2025, 4:06 PM

US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈

14 November 2025, 10:28 AM

DE40: European markets extend decline

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits