Dax daily: 24 Jul 2019
Our Statistical Application did a great job again. As per the statistical probabilities, it was very likely that Dax would continue its upward move and so it happened. The price went up just to slow down at the resistance level of 12 380 and then went over the roof, making a strong upward momentum for the entire intraday trading.
Important zones
Resistance: 12 540, 12 576
Support: 12 437, 12 338
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing the gap is 69%
The statistical probability of breaking yesterday's high is 90%
Macroeconomic releases
09:15 - 10:00 CEST - Eurozone PMIs
Today's session hypothesis
Yesterday's session was very bullish. The statistics play for today's continuation as well. The combination of probabilities suggests we could retest 12 541. Another resistance we have lays around 12 576. The start of the session is great as well as the price drops slightly which is a positive key for us as the long trades have a better filling. Let's not forget that although we have a strong bullish confluence, the market might go its own way. Be careful around PMIs releases from Eurozone.
Important zones
Resistance: 12 540, 12 576
Support: 12 437, 12 338
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing the gap is 69%
The statistical probability of breaking yesterday's high is 90%
Macroeconomic releases
09:15 - 10:00 CEST - Eurozone PMIs
Today's session hypothesis
Yesterday's session was very bullish. The statistics play for today's continuation as well. The combination of probabilities suggests we could retest 12 541. Another resistance we have lays around 12 576. The start of the session is great as well as the price drops slightly which is a positive key for us as the long trades have a better filling. Let's not forget that although we have a strong bullish confluence, the market might go its own way. Be careful around PMIs releases from Eurozone.
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