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DAX Index

DAX: Overbought and approaching August's Resistance.DAX turned overbought on the 1D timeframe (RSI = 71.962, MACD = 124.900, ADX = 41.751) as it closed its 9th straight green 1D candle and is approaching the R1 level (16,050). This has been the Resistance since the start of August. The index is in need of a technical pullback otherwise this rally won't be sustainable. We will short next week's opening near the R1 and aim for the 1D MA200 (TP = 15,670), which is at the top of the S1 Zone. That is a Symmetric Support Zone holding since April 5th, only broken downwards in September's selloff. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Short
by InvestingScope
DAX to continue in the upward move?DE30EUR - intraday There is no clear indication that the upward move is coming to an end. A Doji style candle has been posted from the high. A lower correction is expected. Preferred trade is to buy on dips. 20 4hour EMA is at 15694. We look to Buy at 15705 (stop at 15605) Our profit targets will be 15955 and 16005 Resistance: 15869 / 15900 / 16000 Support: 15778 / 15712 / 15650 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
DAX H4 | Running into resistanceThe DAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 15654.35 which is an overlap resistance. Stop loss is at 15825.00 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is at 15349.03 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Short
by FXCM
DAX Watch this low risk November trading plan.It's been a bit long since we last took a trade on DAX (DE40) but it didn't disappoint as it hit both our buy and sell targets (see chart below) within the 3-month Channel Down: The rebound took place within the 6-month Support Zone and slightly under the 1W MA100 (green trend-line), similar to the March 20 rebound. The fractals are identical as they both rebounded aggressively, indicating strong demand inside the Support Zone. Both also formed a strong 1D MACD Bullish Cross straight after they bottomed. The price is now on the 1D MA50 (blue trend-line) at the top of the Channel Down, and the last two days failed to close the 1D candle above the MA50, despite breaking it. The Resistance pressure is getting stronger since this is also the 0.382 Fibonacci retracement level from the July 31 top. As a result, we are willing to sell the Lower Highs top of the Channel Down and target 15050 (can go even to the 0.618 Fib level but we seek short-term exposure for now) but only as long as the candles close below the 1D MA50. Upon the first 1D candle closing above the 1D MA50, we will take the loss and resume buying, targeting the 1D MA200 (orange trend-line) at 15635. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot
3
10112023 - #DAXDAX seemed to have gain strength as it is relatively strong yesterday; basing off the PZ and going to new highs. But US weakness resulted in DAX pulling back also. Are we going to get a next leg down now? TBH US indices are more bearish and definitely oversold and thus many would likely be looking for further downside continuation today for US indices. But IMO, DAX's closure yesterday is not bearish, or even somewhat bullish. Price is between PZ and DBZ, which is neutral to bullish. Overall, I would say to look for further upside; with 15195 as a low risk level to go long, for a move back to yesterday's high (15359) and even further to 15411.
OANDA:DE30EURLong
by FadeMeIfYouCan
DAX to turn into an uptrend?DE30EUR - 24h expiry The bullish engulfing candle on the 4 hour chart the positive for sentiment. Our short term bias remains positive. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A break of yesterdays high would confirm bullish momentum. Short term RSI is moving higher. We look to Buy a break of 15301 (stop at 15201) Our profit targets will be 15551 and 15601 Resistance: 15291 / 15400 / 15500 Support: 15180 / 15100 / 15068 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
DAX to get back on the old tracks?GER40 - 24h expiry Daily signals are mildly bearish. Negative overnight flows lead to an expectation of a weaker open this morning. A break of the recent low at 15070 should result in a further move lower. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term momentum is bearish. We look to Sell a break of 15058 (stop at 15158) Our profit targets will be 14808 and 14758 Resistance: 15150 / 15230 / 15270 Support: 15070 / 15000 / 14900 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
GERMAN40 BEARISH OUTLOOKGermany, a European economic powerhouse, is facing the threat of a technical recession as its industrial production, particularly in the automotive sector, has experienced a significant decline. In September, industrial production fell by 1.4%, surpassing the projected 0.4% drop, and the third quarter saw a 2.1% decrease in total production. The automotive industry, a crucial part of Germany's economy, reported a 5% drop in vehicle production from the previous month, alongside declines in other vital sectors like electrical equipment and pharmaceuticals. While there was a slight increase in factory orders for September, primarily due to large-scale orders and backlogs, economists remain cautious about the potential for future economic growth. This economic downturn is worrisome for Germany, as it may be heading toward a technical recession, characterized by two consecutive quarters of economic contraction. Policymakers and economists are likely to closely monitor the situation and may consider measures to support the economy, such as fiscal stimulus or incentives to boost consumer spending and business investment. However, the situation is not isolated and may be influenced by global economic trends and factors, making it essential to keep an eye on international economic developments to gauge Germany's economic prospects in the coming months. On a technical note, the daily graph had produced an Evening Star pattern that is reliable pattern for a downtrend. RSI is still on the neutral site, but MACD is already showing sell signals. If this trend continues the price might reach levels of 14 977.5. In the opposite scenario the price might reach levels of 15 315.21 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
PEPPERSTONE:GER40Short
by legacyFXofficial
07112023 - #DAXYesterday's plan worked to almost perfection () as it hit my sell limit at exactly 15226 before selling down over 100points. Did not hit my target though before the bounce. As mentioned yesterday, DAX is somewhat weak and only one I said to look for shorts in and truly, it was much weak even when US indices was somewhat strong. Overall, yesterday was a small range day and price action is somewhat bearish. Still it might be better to trade later than earlier. IMO if market pulls back to 15170, it would be a level to watch; a rejection could see another move down to 15024/15000. If however, market just goes down from here, 15090 would be a price I am inclined to watch for a long for a move higher.
OANDA:DE30EUR
by FadeMeIfYouCan
DAX: Approaching the 1D MA50. Buy the pullback.Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel Down as the current rally originated after an (almost) one month long 1D RSI Bullish Divergence. So as long as the price gets rejected under the 1D MA50, we will wait for a 4H MA50 pullback to open the new long and target the R1 level (TP = 15,575), a candidate to make contact with the 1D MA200 as well. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40
by InvestingScope