Dax30long
DAX analysis for 9.4.2020Hello,
yesterday EUREX:FDAX1! tried to go lower several times during European session. Sellers were more aggressive than buyers as you can see from the chart. When the price was going down, the movement was much faster than when it was coming back up. But eventually they were not able to break the pre-market low and the price went higher in the late afternoon.
Today DAX might continue to grow, so we are going to be looking at some lower time frame confirmation and opportunity to get in.
Have a nice day!
FINEIGHT Team
DAX analysis for 7.4.2020Good morning, folks!
After hitting 10 000 EUR yesterday on EUREX:FDAX1! the price continues up very fast. The close yesterday was above the high from 25.3.2020 which confirms the breakout from the trading range and we are looking for some long opportunities. Buyers are breaking 10 410 at this very moment, so I am going long from a lower time frame.
Stay tuned for more updates and have a nice day!
FINEIGHT Team
DAX | Bull Case Scenario confirmedIn previous post I wrote about the channel movement of DAX and the various positive signs that appeared in the chart.
Today, price once again broke out the area of EMA20 but in this time DAX tested succesfully the MA200 confirming in that way the bullish trend.
An increase in Volume during the uptrend is a key factor and we should take into consideration the rise of RSI above its MA12 and in 70 area points.
Next crucial point to see if this bullish movement is meant to be continued, is the Resistance of 13 March in 10000 area.
DAX30 possible scenario, very important day!
Strong reaction in the night of the American futures which once again have been crushed on the lows, Asian choral bullish movement that pull prices back to the highs of the week.
Today if the scenario is confirmed also in the USA and in the EU, the closing of the highs of the important 8 days just passed will anticipate the bullish exit of the powerful weekly setup and the probable restart of the annual cycle
#Dax - 300 Points Move? #GRXEUR #DAX30Is there just a countermove or is capital now flowing back into the markets? Is the bottom in and the markets are now heading for new highs?
Decisive for this is the outcome of the election on Super Tuesday in the USA and which of the 3 pensioners will be sent into the race for the presidency by the Democrats. More about this later in the video on YT.
DAX gaining power after rejection at the fib leveldax is gaining power after the last horror week. we see a rejection of the fib level the forming of a pinbar. also, we see a clear rejection at the green highlighted area which is an important neckline. that level has multiple support and resistance zones. price has the potential to develop upside in the upcoming 3 days.
ridethepig | Green/CDU Grand Coalition Cooking in GermanyA fresh round of poll updates from Germany with CDU/Green coalition in play:
=> CDU/CSU-EPP: 28%
=> GRÜNE-G/EFA: 23%
=> SPD-S&D: 12%
=> AfD-ID: 11% (-1)
=> LINKE-LEFT: 9%
=> FDP-RE: 9%
We are marking the highs as widely mentioned previously in the 2020 Dax Macro Map:
Markets are unable to shrug off risk from Coronavirus and we are spreading into waterfall mode. PBOC stepping in to attempt stopping the bleeding but smells too little too late. No surprises EUR showing signs of marching in the opposite direction:
Those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities. This is crunching time for the Fiscal side in Europe, if Germany start to turn on the fiscal taps (too late anyway) then the logical follow up is EUR long.
Thanks as usual for keeping your support coming with likes, comments, charts and etc!
DAX to 14120No matter if #DAX will go short just for a while to charge the price.
We will go long to 14120