{"id":65538,"date":"2026-01-26T08:13:44","date_gmt":"2026-01-26T07:13:44","guid":{"rendered":"https:\/\/www.captrader.com\/?post_type=analyse&p=65538"},"modified":"2026-01-26T08:13:47","modified_gmt":"2026-01-26T07:13:47","slug":"dax-defends-important-support-level","status":"publish","type":"analyse","link":"https:\/\/www.captrader.com\/en\/analyse\/dax-verteidigt-wichtige-unterstuetzung\/","title":{"rendered":"DAX defends important support"},"content":{"rendered":"

Dear traders, dear stock market friends.<\/p>\n\n\n\n

After a strong start to the year, the DAX came under noticeable pressure in the past trading week. Not because of traditional economic concerns, but primarily due to politically driven risk premiums. Despite the high headline volatility, we continued to see strong buy-the-dip reflexes once the geopolitical and trade policy risks had dissipated again.<\/p>\n\n\n\n

The DAX closed Xetra trading on Friday at around 24,900 points, after falling to 24,349 points in the middle of the week. Over the week as a whole, this represented a decline of around 1.7%.<\/p>\n\n\n\n

Main driver of the week: tariff threats and the subsequent easing of tensions<\/h2>\n\n\n\n

The dominant macro factor last week was US President Donald Trump's renewed tariff threats against eight European NATO countries (including Germany), which were embedded in a geopolitically charged conflict surrounding Greenland. <\/p>\n\n\n\n

This is doubly relevant for the DAX:<\/p>\n\n\n\n

    \n
  1. Germany is export-oriented. Tariffs directly affect profit expectations, especially in cyclical sectors.<\/li>\n\n\n\n
  2. Uncertainty acts as a short-term \u201cvaluation cap\u201d, especially after a rally to new highs.<\/li>\n<\/ol>\n\n\n\n

    This led to a rapid risk-off movement: The DAX fell by more than three percent at times over the course of the week before the situation turned around again. \ufffc<\/p>\n\n\n\n

    The turning point came when Trump backtracked on the sidelines of the World Economic Forum in Davos and toned down the tariff rhetoric (for the time being). It was precisely this headline relaxation that was enough to significantly stabilize the DAX again and allow it to recover on Thursday and Friday. \ufffc<\/p>\n\n\n\n

    Nevertheless, last week's developments were probably a reminder that price action in 2026 could also be more strongly influenced by volatile political risk premiums. <\/p>\n\n\n\n

    At the same time, the rapid counter-reaction showed that the market is still prepared to buy political shocks as long as they do not turn into hard trade barriers or real economic damage.<\/p>\n\n\n\n

    DAX: Technical outlook<\/h2>\n\n\n\n

    The DAX chart has now brightened considerably. In the first week of January, the index managed to break out of the sideways trend that had lasted around seven months. <\/p>\n\n\n\n

    From a technical market perspective, a new secondary upward trend has thus been established, which can be interpreted as a new movement phase of the primary (long-term) upward trend.\u00a0<\/p>\n\n\n\n

    The sideways range in the second half of 2025 was therefore a consolidation or breather after the rally in the first half of the year. Especially after such a prolonged sideways movement, the probability is very high that it is a sustainable breakout that could lead to a medium to long-term trend continuation.<\/p>\n\n\n\n

    The correction ended last Wednesday exactly in the area of the previous resistance and breakout level at around 24,500 points and the daily EMA 50.<\/p>\n\n\n\n

    \"Line
    DAX Index daily chart<\/figcaption><\/figure>\n\n\n\n

    A bullish reversal signal has thus also formed on the weekly chart, more precisely a so-called dragonfly doji. This is a T-shaped candlestick reversal signal which, with the almost identical opening and closing prices, signals a return of the buyers after high selling pressure initially prevailed over the course of the week.<\/p>\n\n\n\n

    \"A
    DAX Index weekly chart<\/figcaption><\/figure>\n\n\n\n

    Author Tobias Schmid
    <\/a>Date: 26.01.2026<\/p>","protected":false},"excerpt":{"rendered":"

    Liebe Trader, liebe B\u00f6rsenfreunde. Nach dem starken Jahresstart geriet der DAX in der vergangenen Handelswoche sp\u00fcrbar unter Druck. Nicht wegen klassischer Konjunktursorgen, sondern vor allem wegen politisch getriebener Risikoaufschl\u00e4ge. Trotz der hohen Schlagzeilen-Volatilit\u00e4t sahen wir zugleich weiterhin starke Buy-the-dip-Reflexe, nachdem sich die geo- und handelspolitischen Risiken wieder verfl\u00fcchtigt hatten. Per Wochenschluss beendete der DAX den […]<\/p>\n","protected":false},"author":44,"featured_media":65541,"template":"","analysen-kategorie":[856,849],"class_list":["post-65538","analyse","type-analyse","status-publish","has-post-thumbnail","hentry","analysen-kategorie-dax","analysen-kategorie-index"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse\/65538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/analyse"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/44"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media\/65541"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=65538"}],"wp:term":[{"taxonomy":"analysen-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analysen-kategorie?post=65538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}