DAX Index
DAX continues to grow.GER40 - 24h expiry - We look to Buy a break of 16001 (stop at 15899)
There is no clear indication that the upward move is coming to an end.
We are trading at overbought extremes.
Daily signals are bullish.
15925 has been pivotal.
A break of the recent high at 15980 should result in a further move higher.
Our profit targets will be 16251 and 16301
Resistance: 15980 / 16000 / 16100
Support: 15830 / 15760 / 15700
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.
ger30 i think price will go down and tuch the showing level on chart
there is a decreasing trend line and price react to it
with short stop lose go short on it
DAX Will Move Higher! Buy!
Here is our detailed technical review for DAX.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 15876.08.
Considering the today's price action, probabilities will be high to see a movement to 16257.29.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DAX Destined to test the All Time HighDAX is trading inside a Channel Up for the whole month of April. Until it breaks, scalp the whole range of the Bollinger Bands.
If the price crosses over it, buy and target the All Time Highs of 2021 at 16300.
If it crosses under it and more specifically the 4hour MA100, sell and target the 4hour MA200 at 15500.
Previous chart:
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DAX My Opinion! BUY!
My dear subscribers ,
This is my opinion on the DAX next move:
The asset is approaching an important pivot point 15878.04
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Target - 16267.76
My Stop Loss - 15637.79
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Dax Index: Breakout & Bullish Continuation
Important breakout on Dax Index.
The market broke and closed above 15600 - 15700 supply cluster,
the broken structure turned into a demand zone.
I will expect a bullish continuation from that to 16100 level.
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DAX to turnaround at overbought extremes?GER40 - 24h expiry -
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
The trend of higher intraday lows has also been broken.
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 15790 should result in a further move lower.
We look to Sell a break of 15778 (stop at 15878)
Our profit targets will be 15528 and 15478
Resistance: 15880 / 15950 / 15980
Support: 15790 / 15700 / 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.
Possible DAX Exhaustion LevelSome basic price action, a 5 wave pattern and technical analysis shows the DAX entering a possible exhaustion area. Couple this with COT Data versus Retail Sentiment and we could be hitting our heads back down before the 16000 level. Personally I've been trailing a long position which now has a healthy SL at a very positive level. Will keep an eye out for short signals and price action after the Easter Holiday.
DAX First time hitting the MA50 (4h) in a monthDAX crossed under the MA50 (4h) today for the first time since Marhc 27th.
This isn't remotely close to a sell signal yet as inside this Channel Up pattern that started in November, the confirmed sell has been when the RSI (4h) crossed into the oversold region under 30.00.
Trading Plan:
1. Buy as long as the RSI (4h) is over 30.00.
2. Sell if the RSI crosses under 30.00.
Targets:
1. 16200 (progressive Higher High rise).
2. 15200 (Support belt from former Higher Low).
Tips:
1. The Golden Cross (4h) tends to confirm a rally extension but the Death Cross tends to form the bottoms.
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Notes:
This is a continuation of this trading plan:
DAX ReversalAs we see in the chart, after a big sell off, we took 1h liquidity, as well we took internal liquidity, so now I expect big displacement to upside breaking light blue line, which will create 5,4, or 3m Fair Value Gap, from where we can take Long entry after pull back. I will take 1:3 ratio trade with 10p SL
TRADE UPDATE Dax Index well on the way to the first targetDAX initially formed a large Falling Wedge.
Then before the price broke above it formed a Reverse Cup and Handle.
The price broke not only out of the Brim Level but also out of the Wedge.
This gave a HIGH probability trade to buy and hold long.
Other signals confirmed too with
7 >21 >200 - Bullish
RSI>50
Uptrend line still strong.
I'm still happy to set the target to 16,375.
Once could even place their stop loss just below the most recent low with the trend line.
DAX: 16,300 test by the end of the month.We have stated before that DAX has been trading inside a five month Channel Up, getting a comfortable buy at the bottom of the pattern. With the help of the 1D MA100, the price has been rising for the past month, trading for more than 2 weeks over the 1D MA50 as well with the 1D technicals now on deep green values (RSI = 61.499, MACD = 135.500, ADX = 52.061).
We don't see this as a top yet, first because the Channel Up upside potential extends much higher but also the 1D RSI hasn't crossed into its usual above 70.000 overbought region to start forming the top. We remain bullish (TP = 16,250), expecting to test the 16,300 market high of 2021 by the end of the month.
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Swing short DAX squiggly line ideaEuropean stocks have been on a tear lately, while macroeconomic conditions have been slowing down.
DAX is in an over-extended move with very shallow pullbacks, took out the high of the run started last February.
Swing short positions, SL at 15898, multiple targets, mainly around 14900, 14560, and 14100.
If the price stalls / I don't see a strong move down from this area next week or two, I will cut the position.
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GER3 30 H4| Bearish Divergence?Looking at the H4 chart, Price is approaching our sell entry at 15713.94, a swing high resistance level. If there is a reversal from this level, the price could drop to our take profit at 15480.74, which is a swing low support level.
If the price were to break above, it could rally to hit our stop loss at 15920.63 which aligns with the -27.2% Fibonacci expansion. However, it's important to note that bearish divergence is present, indicating that the bears may be preparing to take control once again.
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DAX traded to the highest level in 62 weeks!GER40 - 24h expiry -
Daily signals are bullish.
Traded to the highest level in 62 weeks.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 15683.
15791 has been pivotal.
A break of the recent high at 15791 should result in a further move higher.
We look to Buy a break of 15801 (stop at 15681)
Our profit targets will be 16101 and 16151
Resistance: 15791 / 15900 / 16000
Support: 15630 / 15600 / 15500
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.
11/04/2023 - $FDAX #DAXDAX is back after holidays, gap up after US went higher yesterday. Price is between the 1 and 2 SD BB. Looking for another spike for a good pullback. Looking for the short between 15812-15872 for a move to PZ. But if market goes to PZ/BZ first look for the bounce to target above instead.