DAX 40
NeutralArchived analysis from Aug 18, 2026, 1:52 PM
Key insight
26,000 round number and 50-day MA (~25,800) define the bull/bear line — a weekly close below 25,800 reopens the April gap; above 26,500 ATH resistance, next target is 27,000.
Holds 26,238 near all-time highs but stalls as S&P 500 (-0.5%) and Nasdaq (-1.3%) drag sentiment; EUR/USD flat at 1.1578 limits FX tailwind for exporters.
Main risk
US Tech Selloff Contagion
Nasdaq -1.3% today signals risk-off rotation that historically pulls DAX tech and auto heavyweights 1–2% within 24 hours; watch 25,800 50-day MA.
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