CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
Established in 1974
Over 185,000 clients worldwide
15,000 markets worldwide

DAX: 2015 was a turbulent year

A turbulent year is coming to an end. Nevertheless 2015 was a successful year.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
bg_dax_1369829
Source: Bloomberg

But the investors are still waiting for the technical trend reversal.

Currently the DAX is trading above the upper trend line of the downside trend channel at 10,770 and the falling 200 days weighted moving average (WMA) at 10,730. A closing price on weekly basis would be necessary.

In this case the German Blue Chips could continue the upward movement in the direction to the psychological level at 11,000. Afterwards the former mid-term upward trend line at 11,770 would be the next technical target.

Without a closing price above the mentioned resistances the risk of falling prices would be high. Possible targets are the second mid-term upward trend at 10,230 and the psychological level at 10,000. 

German stock market DAX on weekly basis

DEM_DAX301215
Source: IG charts

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.