Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Saxo
Saxo’s Technical Analyst, Kim Larsson recently published a piece on the DAX
The DAX closed above its key resistance at 18,631, establishing a bullish trend which was confirmed by RSI closing above 60 threshold.
DAX is now likely to test all-time highs at 18,893. A close above could very well push the index above 19,000 to the 1.382 projection at 19,252.
To reverse the bullish trend, a daily close below 18,683 is required.
For more information, please view Kim’s information under the inspiration tab, through the Saxo platform.
https://www.saxotrader.com/go/research/inspiration/article?articleid=85a3c4e8-965e-4ec2-ba99-8507700b9f1c
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