DAXEUR

Global stock indices exhibited an optimistic performance throughout the past week. During this period, positive pricing was observed from Europe to Asia and the US, with the US technology index Nasdaq100 rising by 2.70%, Germany's Dax40 by 3.79%, and Hong Kong's Hang Seng by an impressive 5.5%. Since the beginning of the year, indices like the Hang Seng, Spain's IBEX35, France's CAC40, Italy's MIB40, and Germany's DAX40 have all achieved double-digit gains exceeding 10%. In this period of rising inflation rates, attention should be paid to the election calendar in Europe and the potential impacts of Trump's tariffs in the US.

When we technically analyze the Dax40 index, the level of 22,300, which corresponds to the 21-period moving average, holds critical importance. The index maintains its optimism above this level, with movements expected towards 22,670, 22,775, and 22,885. Particularly, sustained movements above 22,775 in the Envelope indicators could continue the rally and renew peak figures. Otherwise, there could be pressure towards the average. In such a case, it should be noted that the 55-period moving average remains positive above 21,965. Key levels of the day: 22,300 and 22,775.