Dax daily: 30 Jul 2019
Exactly as we predicted yesterday, the statistics proved their strengths yet again. We couldn't be happier as these historical calculations have huge success! Dax broke through Friday's high, which had a probability of 87% and therefore we've labelled the analysis with a bullish bias. After the high was broken, sellers corrected the price action just to hand over the momentum for another daily uptrend. The price then closed midway its intraday range.
Important zones
Resistance: 12 480
Support: 12 368
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax opened with a small ascending gap which is already closed at the time we write this. The session today seems to be a slow one, the price is in the consolidation area. From our point of view, today's chances are equal for long & short. Nevertheless, sellers rejected the first resistance at 12 464 yesterday so we rather incline to favour shorting. Buyers could appear around 12 368 right after the retest of yesterday's low and sellers could be sound at the known resistance of 12 480.
Important zones
Resistance: 12 480
Support: 12 368
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax opened with a small ascending gap which is already closed at the time we write this. The session today seems to be a slow one, the price is in the consolidation area. From our point of view, today's chances are equal for long & short. Nevertheless, sellers rejected the first resistance at 12 464 yesterday so we rather incline to favour shorting. Buyers could appear around 12 368 right after the retest of yesterday's low and sellers could be sound at the known resistance of 12 480.
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