Sustained recovery proves difficult.
D1 chart
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe DE30 slips on Thursday, testing the psychological 12,000 mark for the third time this week. Yesterday, the downward price swing was seen as a short-term buying opportunity, but it has not changed the long-term trend direction - which is downward.
Source: xStation5
H4 chart
The DE30 rose above the local high yesterday, raising hopes of a stronger upward move. However, the environment remains bearish as the index is trading below the moving averages and resistance at 12,434 holds for now. A break above these hurdles could change the trend direction (in H4).
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
