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Dax30

"DAX Index Rises Ahead of ECB Meeting"In the U.S., the consumer price index increased by 0.2% in August, while the annual rise was 2.5%, aligning with forecasts. Following the drop in inflation, the likelihood of the Fed implementing a 25 basis point rate cut next week has risen to 85%. After this data release, market risk appetite increased, leading to intensified buying activity in the DAX index. Today, there is an expectation of a 25 basis point rate cut in the European Central Bank (ECB) meeting. Technically, on the upside if the price holds above the 18,500 resistance, buying could push the index first toward the 18,700 resistance and then to 18,900. if the 18,500 level is broken to the downside, a pullback could extend first to the 18,285 support and then to 18.075.
XETR:DAX
by primequotes
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week. Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
XETR:DAX
by primequotes
DAX(GER30), nuke is coming?I explained the fundamental part in my EURUSD post. Check it out here: Now, let's talk about the technical part: At the London opening, we saw significant manipulation downward with a liquidity sweep from the previous day's low (PDL) and other swings. Now, I would love to see an aggressive movement upwards toward the all-time high (ATH), where I'll be looking for a short setup. However, if the price closes on the 1-4h time frame with a big fat candle, I won't touch the GER40 (DAX) for a while because there won't be any targets ("sky is the limit") to get liquidity from. There's one possible scenario: a move into premium after the first market structure (MS) shift today, followed by a second shift (break of structure, BoS). Bearish order flow will be confirmed, with the final target being the 4h fair value gap (FVG).
FOREXCOM:GER40Short
by Almenio