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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Tuesday, November 13, 2012

DAX Index Analysis 2012.11.13

The daily chart of the german index DAX retested in today’s session the support area at 7100 which can form the basis for an increase or at least a reaction until the 7250 area.

The German sentiment index (ZEW) came much weaker today and however the investors have not continue the sales of the last week. This indicates a real potential for a reaction if the U.S. trading session will not generate significant losses.

Across the ocean there are large warning signs on the regulation of new austerity measures and of the debt ceiling but the new Obama administration is working on a plan for these problems.

In Europe there is a deadline (Friday) regarding the debt problems of Greece and until then the indexes are likely to be maintained at current levels or even to react from the achieved support level.

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