Get started

Dax30

DAX to break to the upside?GER40 - 24h expiry A break of bespoke resistance at 16000, and the move higher is already underway. Trading close to the psychological 16000 level. 16000 has been pivotal. Prices have reacted from 15704. Daily signals are bullish. The bias is to break to the upside. We look to Buy a break of 16013 (stop at 15913) Our profit targets will be 16263 and 16313 Resistance: 16000 / 16100 / 16200 Support: 15900 / 15830 / 15704 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
DAX40 hourly breakdownWith the DAX making all time highs and now creating new levels of support, the best we can do is work with previous levels. When an instrument is making ATH's it is difficult to chart exactly where the next level of resistance will be, as it is all untested area and it's up to the market to decide just how overbought it really is before we can move down. Looking at the DAX40 we can see several levels of strong support that may act as resistance in the future, such as the 16332.4 level which was the resistance created 2 months ago and is now acting as current support. Should we close blow this level, there is a no trade range that would be best to avoid purely due to price action potentially catching us out. Closure below 16267.2 would be great for sells, as there is a clean range below here and typically in the past when price has closed below this level price moves down towards 16242 and 16196.
D
by FriesianFX
Will DAX's selloff stall at market prices?GER40 - 24h expiry The primary trend remains bullish. We look to buy dips. We are trading at oversold extremes. 50 1-day EMA is at 16050. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We look to Buy at 16051 (stop at 15951) Our profit targets will be 16301 and 16351 Resistance: 16150 / 16250 / 16300 Support: 16109 / 16000 / 15900 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
Scallop on DAX with new upside target to 18,792From the previous trade analysis on DAX, it hit our target of 16,333. This was due to a Falling Wedge along with a Reverse Cup and Handle pattern. Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears. And guess who is winning? The bulls again. There has been a smaller pattern form called a Rounding Bottom or a Scallop formation. Now that the price has broken above the neckline, means we can expect upside to come to the next target. Other indicators confirm upside momentum including: 7>21>200 RSI>50 My next target will be up to 18,792
XETR:DAXLong
by Timonrosso
1
DAX to reach a new all time high today?GER40 - Intraday Price action resulted in a new all-time high at 16450. There is no indication that the rally is coming to an end. Short term momentum is bullish. We look for gains to be extended today. A break of yesterdays high would confirm bullish momentum. We look to Buy a break of 16461 (stop at 16361) Our profit targets will be 16711 and 16781 Resistance: 16450 / 16600 / 16700 Support: 16330 / 16250 / 16200 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