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Daxanalysis

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
Dax daily: 08 Jun 2020Welcome to the new trading week. Our analysis on Friday turned out very successful, again. According to our statistical application, we saw the closure outside of the previous day range as this hypothesis had a high statistical probability. Dax continued in its bullish traction all the way towards the resistance level at 12 882 and the NFP print helped considerably in this. We haven't yet seen the correction. Important zones Resistance: 12 882, 13 119 Support: 12 592 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis A strong uptrend is underway and nothing suggests it should change. For some time already, we anticipate the correction, but Friday's NFP release hasn't really supported this vision, quite the contrary. There is a wave of optimism in the US markets but this is considered unsubstantiated if not false by many analysts. We'll only see the real economic impact of the coronavirus crisis with a delay. The US Indexes reacted to the labour data with obvious positivism and Nasdaq has printed another new record high, wiping out the entire crisis sell-off as if nothing happened. Dax is enjoying this correlated wave of markets optimism. The volume of orders has shifted higher to 12 800 and this week opened at this level, without a significant gap. Until we get some signs of a correction, we prefer to follow the trend with entries at pullbacks.
EUREX:FDAX1!
by FTMO
#DAX ANALYSIS.. LONG TERM BEAR RUN.. In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I have stated on the chart, but in the future, if #DAX cannot provide permanence above the trend line I have indicated with black dashed line, I think it is important to follow the pattern in question.. You can find important points on the chart in the long run.. Let's see what time will show.. What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
XETR:DAXShort
by OguzhanSengor
#DAX ANALYSIS.. In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I have stated on the chart, but in the future, if #DAX cannot provide permanence above the trend line I have indicated with black dashed line, I think it is important to follow the pattern in question.. You can find important points on the chart in the long run.. Let's see what time will show.. What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
XETR:DAXShort
by OguzhanSengor
Dax 30 : 10250-10900 Range indicates next phase sell off to 79xxDax continues to trade inside the short term rectangular range (10250-10900) ,11000 area remains as the major resistance which is also the 50% Fib retracement level (13820 - 7965 sell off) .Price got squeezed inside the major EMA - Fib levels since a month backed by the Q1 earnings numbers + ECB's comments on the strong intervention to support the economy,though the decision is still being questioned by the court and demanded a justification . We have Banks and major Q1 earnings numbers upcoming + the German GDP to be out on Friday (negative forecast of course) . There might be volatile upside movements to the 11000 handle this week but breaking the resistance is unlikely ,eventually one more time a test to 7950-7750 level (in couple of months) is what i am expecting before any strong rally . Trend : Range ( 10250-10900) Resistance : 11000 Supports : 10250 (Short term Range bottom)
XETR:DAXShort
by Alremeithi