S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts: DE40 broke above the resistance at 26225 German index is trading in a long-term upward trend Recommendation: Trade: Long DE40 at market price Target: 26580 Stop loss: 26130
Opinion: DE40 has been trading in a downward correction move recently. However, taking a look at the H1 internal, we can see that the price bounced off the lower limit of 1:1 structure at 26065, which according to the Overbalance strategy heralds a resumption of the upward trend. In addition the price broke above the key resistance at 26225 which confirms the upward scenario. According to the classic technical analysis, as long as the price sits above the aforementioned 26225 resistance an upward move looks to be a more probable option .We recommend going long DE40 at market price with a target of 26580 pts. We also recommend placing a stop loss order at 26130. Source: xStation5
