DAXEUR

Donald Trump's trade tariffs in Europe have become a significant topic of discussion in the markets, while the process appears to be progressing more calmly. Ahead of the German elections on February 23, European stock markets present a steady outlook amid global uncertainties and trade tensions, attracting investor interest. While the DJ30 index in the U.S. has shown a 5% increase since the beginning of the year, Europe's Dax40 index has demonstrated a positive performance of 10%, updating its peak level. In Asia, Japan is performing negatively, while China is responding positively, and Hong Kong shows the best performance with a 5% increase. On the last trading day of the week, the global market agenda will focus on U.S. employment data.

When technically evaluating the Dax40 index, the 21-period moving average and the lower point of the Envelope indicator (21735) play a decisive role. The index continues to remain above this level and may progress towards 22000, 22130, and 22220. Especially, persistent movements in the first upper region of the Envelope indicators (22130) could ensure the continuation of the rally and the renewal of peak levels. However, if there is pressure towards the average, a reaction below the 21-period moving average may be seen; nonetheless, the main outlook remains positive above the 55-period average (21555). The significant levels of the day are 21735 and 22130.