DAX, IBEX and TSX Forecast – Global Markets Trying to Rise

• Germany's DAX is testing its 200-day EMA around 24,100, with a breakout potentially targeting 25,000, while support holds at 23,000
• Spain's IBEX is stabilizing above 17,000 with the 200-day EMA providing support; a move above the 50-day EMA could push the index toward 18,250
• Canada's TSX remains the strongest performer, supported by financial and commodity sectors, with a break above 33,500 potentially targeting 35,000

Market Summary: Global Indices Attempt Recovery Amid Volatility

Date: March 10, 2026

Key Markets Overview

Global equity markets are showing tentative recovery signs on Tuesday following recent significant declines, with European and Canadian indices attempting to stabilize despite geopolitical headwinds and damaged investor risk appetite.

Technical Analysis by Index

German DAX:

• Trading near the 200-day EMA at approximately 24,100
• Breakout above this level could propel the index toward 25,000
• Support floor identified at 23,000
• Analyst expects sideways consolidation before sustained recovery

Spain's IBEX:

• Holding above the critical 17,000 level, showing initial stabilization
• 200-day EMA currently providing support
• A break above the 50-day EMA could target 18,250
• Long-term outlook positive but near-term gains expected to be gradual

Toronto TSX:

• Demonstrating strongest recovery potential among the three indices
• Rebounding from trend line and 50-day EMA support
• Benefiting from strength in financials and commodities sectors
• Breaking above 33,500 could trigger move toward 35,000
• Analyst remains bullish with recommendation to buy dips

Market Context

Recovery attempts are constrained by ongoing war-related headlines and deteriorated risk sentiment. The TSX shows relative strength due to its heavy weighting in financial services and commodities—sectors experiencing recent gains. All three indices face a challenging environment requiring gradual recovery with frequent consolidation periods.