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Daxanalysis

Dax daily: 27 Jul 2020As expected, Friday's session started with a descend towards the S/R zone at 12 882. Bearish traders pushed even lower and the support didn't hold their strengths. The VPOC has also shifted below this zone and this can signify the lack of commitment for further longs and the end of uptrend of the past days. Important zones Resistance: 13 119, 12 882 Support: 12 592 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Monday sessions are statistically slowest for the German stock index. For today, we don't see otherwise and expect the trading activity to be limited around 12 882 level. Bounce away from 12 882 to the downside can cause a sell-off, but considering the consolidation price action around these levels, we don't expect any wild moves here.
EUREX:FDAX1!
by FTMO
GOLDEN DAX Take Profits 364 pipsGood day, snipers. Our previous analysis played out well and now we banked 364 pips so far. Take profit was clearly hit! Enjoy the free money. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. GET THE BAG SNIPERS!
FX:GER30Long
by SniperFXFree
Dax daily: 15 Jul 2020Yesterday's price action was a great example of the rational behaviour of the market participants. As we mentioned in our analysis yesterday, the zone around 12 592 was important for establishing further price development, with the break outside signifying the continuation in that particular direction. Dax oscillated the entire European session before gaining momentum in the afternoon and we could target our trades to previous day VPOC. That is exactly what happened and Dax closed the day at the fair value with the biggest amount of orders. Important zones Resistance: 12 882 Support: 12 592 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened the day with an ascending gap and the first morning impulse attempts to close the gap. Considering the fact we have the resistance of 12 882 in near vicinity, we're now eying a lovely scenario of closing the gap as it correlates with the VPOC of Monday and then targeting the retest of resistance at 12 882 and possibly break higher. There are no fundamental releases scheduled for Dax today, but the optimism on the US stock markets dominates the market sentiment across the board, even despite the negative echoes of the US-China dealings. Consider it's the earning season too. Should the price get above 12 882, there is a lot of space ahead of us to continue our long bias in the short to the mid-term horizon.
EUREX:FDAX1!
by FTMO
Dax daily: 14 Jul 2020Yesterday's session opened with an ascending gap. However, from the beginning of the session, sellers proved their dominance as they pushed the price lower all the way through the support of 12 592. Dax even closed the day below this zone but today's open impulse retraced back above. Important zones Resistance: 12 882 Support: 12 592, 12 494 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 11:00 CEST - German ZEW Economic Sentiment Today's session hypothesis For today, we've started with a retracement above 12 592 and we have two options on the table. The first one is that Dax will continue higher to correct yesterday's drop or the price will continue in the impulsive bearish momentum that we've seen last evening. In this case, Dax is likely to drop below the support level of 12 494 and a lot of room would open to target another zone down at 12 278. Mind the ZEW Economic Sentiment release today.
EUREX:FDAX1!
by FTMO
DAX Wait for the Dock at FibGood day, snipers. Here we have the DAX Index where I plan on entering when price hits that 78.6 Fib Level, because entering now would expose you to too much risks and a not so god risk : reward ratio. We can see that price broke through that resistance turned support and is now approaching the weekly strong resistance level. Price also obviously respects the 100 EMA and keeps rejecting and closing above it. Also, we are in an overall uptrend, so I am only looking for long setups in this index. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
FX:GER30Long
by SniperFXFree
Dax daily: 10 Jul 2020For yesterday, we expected bulls to attempt for higher levels. The morning session was positive in this sense, but then we saw a rapid sell-off, even below 12 494. This is where the support level functioned nicely but the momentum wasn't that strong co correct the down push. Important zones Resistance: 12 494, 12 592 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis The price opened with a significant descending gap, priced at 12 418. We are now far below 12 494 which changes our lookout from the previous days. As a matter of fact, the drop signifies that bulls are not present in the market or they are not willing to push the price higher under current market circumstances. We now have to re-evaluate the directional bias, based on the signals we spot in the price action. Since Dax opened below the support level, the price can easily continue to lower levels. The zone around 12 278 is the real support area we could target.
EUREX:FDAX1!
by FTMO
Dax daily: 15 Jun 2020The only thing certain on Friday were our S/R zones. Have a look at how our resistance at 12 151 functioned perfectly. Dax went to retest this level also as it was the VPOC of previous session and the price exemplarily bounced away to offer enough opportunities for profitable trades. Besides this, the session hasn't really presented us with any more interesting trading opportunities. Important zones Resistance: 11 734 Support: 11 412 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis For today, we cannot use our Statistical application as the weekend gap is beyond standards. The gap being sized 393 points has minimum historical prints. Yes, Dax truly surprised us when this week opened with a huge descending gap below the 11 734 S/R zone. The retest and closure of the gap in today's session are the least probable. Taking this situation into account, further descend towards 11 412 is more likely or might also see consolidation around 11 734.
EUREX:FDAX1!
by FTMO