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DAX Index

DAX: Holding the 1D MA50 will start a new bullish waveDAX tested again today the 1D MA50, which is the Support since the July 12th Bullish breakout, and reacted with a rebound. With the 1D timeframe neutral (RSI = 54.688, MACD = 65.900, ADX = 24.550) this holding of the 1D MA50 translates to a buy opportunity. In addition, the 1D RSI crossed over its Channel Up. We are long, targeting the HH trendline (TP = 16,500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
1
DAX intraday dips continue to attract buyers.GER40 - 24h expiry Trading within a Bullish Channel formation. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 4hour EMA is at 16125. We look to buy dips. Price action continues to trade around significant highs. We look to Buy at 16131 (stop at 16031) Our profit targets will be 16381 and 16461 Resistance: 16240 / 16300 / 16400 Support: 16200 / 16150 / 16100 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
Unleash the Bull: DAX Breaks Boundaries!Bullish/Bearish Momentum: The Macro PVVM, which indicates long-term trend, has been consistently increasing from 68 to 102. This is a strong sign of a bullish momentum in the long term. The indicator breached the overbought level (>100) on the last data point suggesting a strong bullish trend but also the potential risk of a pullback. The Micro PVVM, representing short-term movement, has also shown a general increase from 12 to 41 with some periods of pullback, which indicates a predominantly bullish momentum in the short term. Alignment with Closing Prices: The closing prices have generally been increasing, aligning well with the bullish momentum indicated by the PVVM indicators. The price moved from $16147 to $16189 with some fluctuations. Long-term and Short-term Trends: Long-term (Macro) Trend : The continuous increase in the Macro PVVM suggests a long-term bullish trend. Short-term (Micro) Trend : The short-term trend, represented by the Micro PVVM, has also been predominantly bullish, but the ups and downs suggest a higher level of volatility and uncertainty in the short-term trend. Key Takeaways: The OANDA:DE30EUR is in a strong bullish trend based on the provided dataset, with both Macro and Micro PVVM showing an increasing trend. The Macro PVVM has breached the overbought level, indicating a strong bullish market but also warning of potential short-term pullbacks. The short-term movement shows volatility, which means traders should be cautious. Proposed Trade Strategy: Long Position : As the overall trend is bullish, traders can consider entering long positions. However, they need to watch out for potential pullbacks due to the overbought condition. Short Position : Given the overbought state of the market, traders could consider short positions if there are clear signs of bearish reversal in the Micro PVVM or a decrease in the Macro PVVM. Price Prediction: Given the current trend, the TVC:DEU40 could continue to increase in the next 7 bars. However, as the Macro PVVM has entered the overbought territory, a short-term pullback or consolidation could also occur. Critical Points to Watch: Continuation of the bullish trend in the Macro PVVM. Signs of a reversal in the Micro PVVM, given the overbought condition in Macro PVVM. Price movements and their correlation with PVVM indicators. Watch out for any divergence between price and PVVM indicators, as it may suggest potential trend reversals. Remember, while the PVVM indicators provide valuable insight into the market's direction, they are not infallible and should be used in conjunction with other technical analysis tools and fundamentals for the most reliable results.
OANDA:DE30EURLong
by SwingSwiss
DAX Elliott Wave Analysis Higher Timeframe (22/07/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see opportunities for both short and long trades next week.
OANDA:DE30EUR
by AndyCuckoo
DAX holding the MA50 (1d) can push it to a new High.DAX has completed 7 days of consolidation on the MA50 (1d). This kind of sideways trading on Supports is usually a technical accumulation before a price jump. There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 16600 (Rising Resistance). Tips: 1. The RSI (1d) is rebounding on its Falling Support, same as during the previous Higher Lows of the Channel Up (March 17th 2023 and December 16th 2022). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40Long
by TradingBrokersView
2
DAX: Supported by the 1D MA50, ready for a slingshot.DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order for us to buy again, we need to see a breakout over both tops. If that happens, then there are high probabilities of the move replicating the slingshot of April-May as they both broke out after an Inverse Head and Shoulders was formed. Consequently we will buy that breakout and set a TP = 16,800. It's worth mentioning that a crossing over the R1 invalidates the potential of a Head and Shoulders (bearish pattern) that may be forming since May 19th. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
4
DAX Breaks Out Of A Downward Channel. Dax is in an impulsive uptrend since October 2022 and it can be trading in 5th wave, but there can be still room for more upside if the current drop from ATH will stay in three waves. For now we have seen some nice bounce, back above 15700 bull/bear level so it appears that bulls are still here, especially now when price also broke through the channel resistance line that can turn into a nice support this week. So I am expecting further gains for the DAX whiel price is above wave (C) low at 15455. GH
PEPPERSTONE:GER40
by ew-forecast
1
DAX Elliott Wave Analysis Higher Timeframe (15/07/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see opportunities for both short and long trades next week.
OANDA:DE30EUR
by AndyCuckoo
German Index DAX (The Bull is still in control) View On German Index DAX (14 July 2023) DAX is in * Bullish in short term (Intraweek) * Neutral in Mid term (1 to 3 months) * Neutral Long term (3 months onward) We had a great swing back in the DAX in the recent days. It shows that the market is not ready go lower anytime soon. We may see a temp pull back right now but I do not think it will last. 15,900 will be a good support region. Sooner or later, I expect it to go UP higher to retest the high of 16,300 region again. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
PEPPERSTONE:GER40Long
by SonicDeejay