Dax daily: 22 Jan 2020

Yesterday's session started with a big descending gap below the previous day session. We mentioned that if buyers manage to get the price back up and close the gap, the bullish sentiment will be confirmed. That is exactly what happened. Buyers took Dax back to Monday's close to retest the high.

Important zones

  • Resistance:  NIL - All-time high
  • Support: 13 522

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Dax opened at the new all-time high. This confirmed the bullish bias as market participants are in the risk-on mode to get to higher levels. Since Dax is now at its all-time high, we obviously don't have any resistance levels in front of us. The probable hypothesis we incline to is the retest of previous days range and yesterday's close at 13 522. This is where we'd expect further longs.

 

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