The German leading index remains in the last week of 2022.
W1
The DAX/DE30 rose 0.54% on Thursday and returned above the psychological mark of 14,000 points. In the past week, the index turned around just before EMA21 and formed a Doji, a candlestick that suggested indecisive traders after two weeks of losses.
Source: xStation5
h 4
DAX/DE30 up but bears hold on to gains. The deciding factor was the bearish momentum on December 22 (in purple), where short-term support was broken. An upside move above 14,085 will improve the outlook. However, the key resistance lies much higher at the 14,227 mark.
Source: xStation5
Maximilian Vinke, CFTE
XTB Germany
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