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2 Apr 2015
DAX: room for more gains – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team notes that technicals suggest the German DAX sees scope for further gains to the upside.
Key Quotes
“Since April the German Index appreciated and even was able to break through the 10,000 points mark. Then we saw a downward movement and the DAX lost more than 1,500 points.”
“In the last trading sessions the bulls took control over the Index and pushed it back first cleary over the 10,000 mark.”
“The DAX has once again reached its alltime high and it remains to be seen whether the index has developed enough momentum in order to continue rising. According to the indicators there is still some room for more gains.”
Key Quotes
“Since April the German Index appreciated and even was able to break through the 10,000 points mark. Then we saw a downward movement and the DAX lost more than 1,500 points.”
“In the last trading sessions the bulls took control over the Index and pushed it back first cleary over the 10,000 mark.”
“The DAX has once again reached its alltime high and it remains to be seen whether the index has developed enough momentum in order to continue rising. According to the indicators there is still some room for more gains.”