DAX 40
NeutralArchived analysis from Aug 24, 2026, 1:23 PM
Key insight
26,200 all-time high acts as hard ceiling; a daily close above it opens 26,800. Below 25,800 (200-day MA), bull thesis collapses. Gold surging to 4,675 and Oil -1.8% signal mixed risk appetite — DAX needs a clear catalyst to break either way.
26,079 holds above the 25,800 200-day MA but stalls near the 26,200 all-time high cluster — EUR/USD at 1.1672 headwinds exporters while Gold +1.6% signals risk-off undercurrent.
Main risk
EUR/USD strength at 1.1672
Strong euro compresses DAX export earnings — every 1% EUR/USD gain cuts ~0.5% from index EPS; 1.18 would materially pressure consensus estimates.
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