DAX stalling at overbought extremes.GER40 - Intraday - We look to Buy at 15371 (stop at 15291)
Daily signals are bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the upward move is coming to an end.
We look for a temporary move lower.
20 1day EMA is at 15340.
Our profit targets will be 15571 and 15611
Resistance: 15553 / 15600 / 15660
Support: 15500 / 15450 / 15400
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.
Dax40
DAX MeltdownLet's get ready for mayhem in the coming weeks, the DAX topped out last week and we're starting to build to the downside. We're expecting a very sharp move downwards and are already short from the turn, but will be looking to add more shorts upon a minor wave 2 retracement. Exciting times lie ahead and we think there's going to be some great opportunites to make some serious money in the weeks and months ahead. Come trade with us and ride these waves!
Potential swing trade short on the DAX?Like many indices, the DAX has enjoyed a strong start to the year after a dismal ‘Santa’s rally’. But after a 9% rally this month and early signs of a potential top, perhaps it is time for the DAX to pull back from its highs.
If we look at the daily chart, the market formed a small top and daily close below 15,000. Whilst prices are back above the milestone level, upside volatility is lacking and there are now the early signs of a lower high with yesterday’s bearish outside day. Perhaps we have seen the end of a wave b, which is part of a 3-wave countertrend move.
• Futures markets point to a soft open for the cash market today
• The bias is bearish below 15,200 / yesterday’s high
• A 100% projection / wave equality is around 14,800 and 20-day EMA, making it a viable target for bears
• A break below 14,800 brings 14,700 / December high into focus
Dax 4 hour =double top pattern,,,, pull back to 14800 possible for sell we are waiting pinbar on daily or 4h chart
AC indicator on 4hour going to signal sell ( if high not break
in 14750 I will buy and hold it 30 day to 15800-16000
good luck
ALERT=trade Dax and other index need minimum 5 year practice on demo
Buying DAX at current support.GER40 - Intraday - We look to Buy at 13867 (stop at 13787)
Levels below 13860 continue to attract buyers.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
A lower correction is expected.
Our profit targets will be 14066 and 14096
Resistance: 14083 / 14160 / 14200
Support: 14000 / 13960 / 13860
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.
DAX40 Break out or fake out?Gm
Today we opened DAX,with a gap which has been closed few hours later, and now we’re looking at price action near psychological level - 14 000.
Bullish:
(Higher low and support at point of control? ~13885?)
In this moment I’m checking if price action forming triangle pattern and if it could break out and boost price from current level to ~14160 and even ~14220 where for me is a key level resistance point at this moment.
Relative strength index line tested SMA from above and it’s going upward direction, but i have attention to lower times frames which do not give me right signs (RSI should cross SMA -15m/30m, bearish engulfing bar at 15m wasn't right sign.)
Still waiting for more bullish confirmations in short term on price action.
Bearish:
In the other hand we have price action rejected at 0.618 fibonacci level and if this a local triangle formation it could get back to 13870 where was prominent demand, and as we can assume – double bottom with a candle weak confirming value area low.
We are still under moving average ribbon and momentum still pressure for downward.
Short term:
Lower than 0.381 fibo → price going down 13 880/ 13 800
Higher than 0.618 fibo → going up 14 150/ 14 300
My prediction for now is mostly downward. But first I’ll wait to see what happens at drawed white triangle edge line. Then what will have place at 13 880 and 13 800 price levels. Anyway I don’t expect to price go higher than 200 moving average at 1h timeframe.
DAX dips continue to attract buyers.GER40 - Intraday - We look to Buy at 13909 (stop at 13829)
Levels below 13850 continue to attract buyers.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 1 day EMA is at 13900.
We look to buy dips.
Our profit targets will be 14109 and 14149
Resistance: 14000 / 14100 / 14160
Support: 13950 / 13900 / 13850
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.
DAX40 TRADE IDEADAX40 has been on a bearish trend for the last three trading days . DAX40 is forming a Bullish trend.
DAX40 - Previous support at 14200 now becomes resistanceDAX40 - Intraday - We look to Sell at 14214 (stop at 14291)
Short term bias has turned negative. Previous support at 14200 now becomes resistance. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 14031 and 14001
Resistance: 14040 / 14100 / 14200
Support: 13956 / 13900 / 13800
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Buying DAX at market.GER40 - Intraday - We look to Buy at 14302 (stop at 14229)
Daily signals are bullish.
A lower correction is expected.
20 1day EMA is at 14302.
The 1 day moving average should provide support at 14300.
We look to buy dips.
We look for a temporary move lower.
Expect trading to remain mixed and volatile.
Our profit targets will be 14488 and 14538
Resistance: 14450 / 14500 / 14550
Support: 14360 / 14300 / 14200
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.
Sell DAXBearish flag and a turnaround yesterday right on the fib 50 level. Now it's trading around 14300 and the price tested the fib 38.2 level.
I think it will break the flag in the next one or two hours and afterwards move towards the Thursday lows. A break through the support at 14190 will give the price more downside momentum.
My first target is the fib 100% extension at 13990 which lies well at the august highs at 13980. The second target is the fib 161.8% extension at 13745 which is a bit higher than the Nov 8 highs.
DAX 1D Golden Cross is bullish but mid-term indicates volatilityToday the German stock market (DAX) completed a Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically a bullish formation and that is what we interpret it as, at least on the long-term. Historically a 1D Golden Cross delivers new Bull Phases on DAX and it was such a Cross that took it out of the last major Bull Cycle in 2009 (U.S. housing crisis).
On this study though we give particular attention to the previous two Golden Crosses, which all share similar characteristics to today's. Once the index broke above the Bear Phase's Lower Highs trend-line, the Golden Cross was formed shortly after, with the 1W RSI getting rejected on roughly the same level (red Resistance Zone). On both occasions the price pulled-back to at least the 1D MA200. That is currently at 13540 and should stay around this level through-out Q1 of 2023. If a similar Megaphone pattern transitions DAX into the new Bull Phase, then we expect the index to have bottomed around the 1D MA200 by the end of Q1 (March) 2023 and then rebound towards recovering its All Time High.
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GER40 to extend losses?GER40 - Intraday - We look to Sell a break of 14239 (stop at 14331)
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Our outlook is bearish.
We look for losses to be extended today.
A break of yesterdays low would confirm bearish momentum.
20 1day EMA is at 14240.
Our profit targets will be 14012 and 13962
Resistance: 14330 / 14380 / 14450
Support: 14240 / 14150 / 14000
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.
DAX: aiming at the Support below the 4H MA50.The price failed to break above the 4H MA50 (red) and dropped more to a new Low. This is getting closer to our 14,150 short-term target just above the 14,130 Support (formed from the low of November 15th). 4H is now close to oversold territory (RSI = 34.750, MACD = -47.400, ADX = 59.234) so we might see a short term rebound back to the 4H MA50 (14,446.70 and dropping) but with a break below 4,100 we will extend selling to the 4H MA200 (currently at 13,898.60). The 1D RSI remains bullish (57.430) though but we're only willing to buy as of this point if the price breaks above the 14,710 (June 6th 2022 High) Resistance and target the 14,940 (March 29 2022 High) Resistance.
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Buying DE40 close to market.GER40 - Intraday - We look to Buy at 14433 (stop at 14364)
Intraday signals are bullish.
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
The trend of higher lows is located at 14430. We look to buy dips.
Our profit targets will be 14598 and 14648
Resistance: 14550 / 14605 / 14700
Support: 14430 / 14360 / 14300
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.