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DAX forecast for coming week ended 11th January, 2013.

Dax is getting resistance at 7800 range but its moves in last few days were good and if in coming days Dax maintains 7700 range then there is a good chance that Dax may break 7800 levels. Now in coming days if it breaks its initial support of 7700 levels then it may test good support level of 7600. So long it maintains 7600 range we may expect it to test higher levels again. But if it fails to maintain 7600 range in early days of the coming week then 7400 is important support level for Dax. I will think about a bearish pattern when Dax will be testing levels around 7000 ranges.


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DAX forecast for coming week ended 15th March, 2013.

This week was very good for Dax, though it is getting resistance at 8100 range. Now it has a chance to test downside again. I think even if Dax tests lower levels, it has more chance to bounce back from around 7800 range and therefore it will again test upside.

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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