Saturday, March 23, 2013

DAX forecast for coming week ended 29th March, 2013.

Dax is getting resistance around 8000 ranges. In coming week it may show couple of good early days but if Dax does not break 8000 level then I will not be positive on it therefore I will be expecting Dax to test lower levels and that may be below 7800 ranges. In fact it looks to me that Dax is making a very short-term bearish pattern, though the success rate of this type of pattern is less. Important level for Dax in the downside is around 7600 level.

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