Dax daily: 20 Mar 2020

We survived another day without a sell-off. Paradoxically at a time when we hear the car manufacturers are suspending productions across Europe. Dax remains in the same consolidation range of this week. Yet even better, the market rose slightly yesterday and today's gap open to the upside.

Important zones

  • Resistance: 9 469
  • Support: 8 230

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

The current price is above yesterday's trading levels. The first logical idea is the retest of yesterday's values. Considering the fact Dax is consolidating in the weekly range, it is more probable it will stay this way today unless we hear some breaking news sparking the volatility. If buyers are to step in, their first resistance to target is at 9 469. It's Friday so trade safe and keep up to date with the global headlines and market news. If you are affected by the coronavirus lockdown, please stay safe.

 

 

 

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