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
What's next for the S&P 500? 🗽 U.S. Earnings Season Summary
📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.
💥Daily Summary: Tech Sector Crash on Wall Street and Historic Attack on Binance
🔴Three Markets to Watch Next Week: US500, BITCOIN, EURUSD (30.10.2026)