#USD is developing an offensive against major currencies, noticeably to the #GBP #AUD. #SPX, #DJI grew by 0.7%, Asian and European indices (#ChinaA50, #DAX) grow about 1.5% over the last 24 hours. #Gold and #Bitcoin are still trampling at $1300 and $8000, respectively.

Since Friday morning, the markets have seen a significant push to the safe-haven assets: #JPY, #CHF add about 0.6% and hold positions on Monday morning. Key stock indices (#SPX, #Nikkei, #DAX) lose more than 1%. #Brent collapsed below $61, losing more than 10% since Thursday. #Gold actively increasing.

Speculation around the possible imminent rate cuts in the US causes the #USD to decline against major currencies, #SPX, #DJI, #Nikkei, #DAX add about 2% over the last 24h. #Gold stabilized around 1328. #Bitcoin developed a correction.

#WaveAnalysis
#DAX is expected to fall further and retest the next support level 11800.00

https://fxpro.news/market-snapshots/dax-wave-analysis-3-october-2019-20191003/

#WaveAnalysis
#DAX falling inside impulse wave 3

• Likely to reach 12900.00

https://fxpro.news/market-snapshots/dax-wave-analysis-11-december-2020-20201211/

#WaveAnalysis

#Dax reversed from support level 13000.00

• Likely to rise to 13500.00

https://fxpro.news/market-snapshots/dax-wave-analysis-15-december-2020-20201215/

#Dax broke key resistance level 14200

• Likely to rise to resistance level 15000

https://fxpro.news/market-snapshots/dax-wave-analysis-10-march-2021-20210310/

#DAX reversed from resistance level 16000.00

• Likely to fall to support level 15635.00

DAX index recently reversed down from the resistance zone located between the round resistance level 16000.00 and the upper daily Bollinger Band.

The downward reversal from this resistance zone will most likely form the daily Shooting Star candlestick pattern if the index closes today near the current levels.

DAX can be expected to fall further toward the next support level 15635.00 (former resistance from July which reversed DAX with the 2 daily Hammers earlier this month).

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#WaveAnalysis

#Dax reversed from resistance zone
• Likely to fall to support level 3.000

Dax index recently reversed down from the resistance zone lying between the key resistance level 3220.0 (former strong support from last year) and the 38.2% Fibonacci correction of the earlier downward impulse from last month.

The downward reversal from this resistance zone stopped the earlier short-term correction (ii).

Given the strength of the aforementioned resistance zone – Dax index can be expected to fall further toward the next round support level 3.000 (which stopped the previous short-term impulse wave (i)).