DAX 40

Bullish

Archived analysis from Sep 4, 2026, 3:31 AM

Key insight

26,000 is the line in the sand — dax has extended 30%+ YTD; holding here opens 26,500 and 27,000. Lose it and the 200-day MA near 23,800 becomes the next magnet.

26,048 holds above the 26,000 round-number support and the 2026 breakout base — trend intact with S&P 500 at record 7,750 providing global risk tailwind.

Main risk

EUR/USD strength at 1.1628

EUR/USD at 1.1628 compresses DAX exporters' earnings — Volkswagen, BASF, Siemens most exposed to FX drag at these levels.

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