Dax40
DAX to break to the upside?DE30EUR - 24h expiry
Posted Mixed Daily results for the last 2 days.
Overnight losses have been limited.
We are trading at overbought extremes.
There is no clear indication that the upward move is coming to an end.
15956 has been pivotal.
A break of the recent high at 15956 should result in a further move higher.
The bias is to break to the upside.
We look to Buy a break of 15966 (stop at 15866)
Our profit targets will be 16216 and 16276
Resistance: 15956 / 16000 / 16100
Support: 15917 / 15800 / 15720
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 to continue in the upward move?DE30EUR - intraday
There is no clear indication that the upward move is coming to an end.
A Doji style candle has been posted from the high.
A lower correction is expected.
Preferred trade is to buy on dips.
20 4hour EMA is at 15694.
We look to Buy at 15705 (stop at 15605)
Our profit targets will be 15955 and 16005
Resistance: 15869 / 15900 / 16000
Support: 15778 / 15712 / 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.
DAX Elliott Wave Analysis for Tuesday 14/11/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B can unfold as an ABC or WXY structure. We favor the WXY structure.
DAX to turn into an uptrend?DE30EUR - 24h expiry
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
Our short term bias remains positive.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
A break of yesterdays high would confirm bullish momentum.
Short term RSI is moving higher.
We look to Buy a break of 15301 (stop at 15201)
Our profit targets will be 15551 and 15601
Resistance: 15291 / 15400 / 15500
Support: 15180 / 15100 / 15068
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 Elliott Wave Analysis for Thursday 09/11/2023In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure. The wave ((c)) of this expanded flat does not look finished.
DAX to get back on the old tracks?GER40 - 24h expiry
Daily signals are mildly bearish.
Negative overnight flows lead to an expectation of a weaker open this morning.
A break of the recent low at 15070 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Short term momentum is bearish.
We look to Sell a break of 15058 (stop at 15158)
Our profit targets will be 14808 and 14758
Resistance: 15150 / 15230 / 15270
Support: 15070 / 15000 / 14900
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 Elliott Wave Analysis for Wednesday 08/11/2023In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure. The wave ((c)) of this expanded flat does not look finished.
DAX Elliott Wave Analysis for Monday 06/11/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.
DOW JONES TRADE IDEA US30 has been on a bullish trend since Monday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. US30 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
DOW JONES TRADE IDEA US30 has been on a bullish trend since the start of the trading week. US30 should continue to the upside to take resistance before the open of the NY trade session. We should expect strong bearish candles during the NY trading session till the close of the market. Remember to trade with caution as we expect the NFP on Friday and price could move with unexpected volatility at any point in time.
NAS100 TRADE IDEA NASDAQ 100 was on a bullish trend yesterday trading. we had Fed Interest Rate Decision and FOMC statement as news yesterday, we still have NFP on Friday so we should expect volatility at any point in time. we should see NASDAQ 100 pump to the upside to take resistance before the NY trade session and expect strong bearish candles after the NY session and toward the close of the market.
DAX Elliott Wave Analysis for Thursday 02/11/2023In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. We didn't get our move down yet so the market might surprise us with an expanded flat structure. The expanded flat structure also fits in the secondary scenario as a wave X.