DAX index maintains upward trend amid technical analysis focus

The DAX index remains in a long-term upward trend following an all-time high reached on August 12. Despite recent consolidation and a sell signal in the slow stochastic indicator, moving averages for 20, 50, and 200 days remain intact. Analysts suggest a trend continuation scenario, with the first major resistance at 26,581 points and a psychological target of 27,000 points. A decline below 25,295 points would invalidate the current long scenario.

Market participants are monitoring upcoming economic data from the ZEW Institute regarding Germany's economic situation and expectations for August.

In technical trading education, expert Pavel Horak is demonstrating the use of the Volume Weighted Average Price (VWAP) as a tool to distinguish between trending and sideways markets. The analysis covers how VWAP levels can be combined with price action and volume profiles to identify confluence zones and support or resistance levels.