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Dax forecast for coming week.

Last week I was talking that DAX is showing different movements than many other leading stock indexes but this week it followed the overall global trend. Its closing in the last day was better, it looks like that we may see an upward moves in coming days but still I am not sure about it, though technical indicators are supporting the up moves. In the upside important level that should be watched is 6260 and if DAX gives closings above that then it has a chance to test level around 6500.

If DAX fails to break 6200 in coming week then it has more chance to continue with the lower highs & lower lows trend which it is following during couple of months. But the options of any reversal or some kind of bullish pattern will be there if DAX maintains the level above 5900. But if it goes below that then 5800 will be an important support level for DAX and if it breaks that then it has the option to test lower levels may be around 5400.


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On the other hand if it shows flat movements around 8000 range in initial days of the coming week then there is a chance that it may take a decisive call in later days. Considering the recent trends it has the chance to test higher levels may be around 8200 but that will be a very aggressive call after taking in to account the movement from last December. I will worry about the downside when Dax will be testing levels below 7600 ranges.
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