DAX 40
BullishArchived analysis from Sep 30, 2026, 4:02 AM
Key insight
25,514 sits 2% below the 2026 all-time high at ~26,000 — a clean break there opens 26,500 next. Momentum stays positive while price holds above the 50-day MA at 25,100.
25,514 holds above the 200-day MA (~24,800) and the Q2 breakout zone; EUR/USD stable at 1.1340 limits FX drag on exporters while Oil at $89 supports energy names.
Main risk
EUR/USD spike above 1.15
EUR/USD at 1.1340; a push above 1.15 squeezes DAX exporters (Volkswagen, BASF) and historically drags the index 3-5%.
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