Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Friday, February 10, 2012

DAX Technical Analysis 2012.02.10

DAX Index is currently testing the key support level of 6.680 Euros and an eventual break of it will show the investor’s approach for the next days.

The bullish channel of the previous three weeks is also on the verge of breaking and the previous local low set early on this week stand as a support also.

An interesting this regarding the markets is that the investors did not react to the Greek debt plan vote on yesterday as they did on the rumors. Add this to the zone of major highs that the markets are trading at and pay attention to potential profit taking that will, eventually create at least a local high around this area.  

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