DE30EUR to form a higher low?GER40 - 24h expiry
Intraday signals are mildly bearish.
Trend line support is located at 15700.
Preferred trade is to buy on dips.
Prices expected to stall near trend line support.
We look for a temporary move lower.
We look to Buy at 15713 (stop at 15613)
Our profit targets will be 15963 and 16013
Resistance: 15800 / 15900 / 15960
Support: 15772 / 15700 / 15600
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.
DE40
DAX Buy opportunity on the 1D MA200 and bottom of Channel Up.DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low.
As long as it holds, we will take it as a buy opportunity and target 16700 (Internal Higher Highs trend-line). If it closes a 1D candle below the 1D MA200, we will take the small loss and open a sell targeting Support 2 at 14470.
Notice how even the 1D RSI almost hit the 34.70 Support and is rebounding, which is an additional buy signal. Don't neglect also the fact that Friday's low was formed at the bottom of the 7-month Channel Up pattern.
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DAX to turnaround?GER40 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
Price action continues to trade around significant highs.
A move through bespoke resistance at 15800 and we look for extended gains.
A Doji style candle has been posted from the base.
We look to Buy a break of 15821 (stop at 15721)
Our profit targets will be 16071 and 16131
Resistance: 15800 / 15900 / 16000
Support: 15700 / 15600 / 15500
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 Found Support on the Megaphone's Higher Lows.DAX is on the 8th straight sideways 1D candle as it found Support on the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern. The 1D MA50 (blue trend-line) is the short-term Resistance while the price is trading around the 1D MA100 (green trend-line) as pivot.
We are bullish, targeting the Internal Higher Highs trend-line at 17000, as long as the Megaphone's bottom holds. The bullish extension may be even higher considering the fact that the medium-term pattern could be an Inverse Head and Shoulders (IH&S) that technically targets the 2.0 Fibonacci extension at 17400.
If however the price breaks below the Higher Lows trend-line, we will short-term sell targeting the 1D MA200 (orange trend-line) where a 1D candle close below it, would justify a bearish extension to Support 2 at 14470.
For now the trend remains bullish, as illustrated by the 1D RSI also which is on an 8-month Support Zone.
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DAX to break to the upside?GER40 - 24h expiry
A break of bespoke resistance at 16000, and the move higher is already underway.
Trading close to the psychological 16000 level.
16000 has been pivotal.
Prices have reacted from 15704.
Daily signals are bullish.
The bias is to break to the upside.
We look to Buy a break of 16013 (stop at 15913)
Our profit targets will be 16263 and 16313
Resistance: 16000 / 16100 / 16200
Support: 15900 / 15830 / 15704
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.
Will DAX's selloff stall at market prices?GER40 - 24h expiry
The primary trend remains bullish.
We look to buy dips.
We are trading at oversold extremes.
50 1-day EMA is at 16050.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We look to Buy at 16051 (stop at 15951)
Our profit targets will be 16301 and 16351
Resistance: 16150 / 16250 / 16300
Support: 16109 / 16000 / 15900
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: Bullish above the 1D MA50.DAX is pulling back today after a rejection on R1 (16,530), the biggest 1D red candle since July 6th. The 1D technicals are bullish (MACD = 102.900, ADX = 31.239) but the RSI close to becoming neutral (RSI = 55.835), which indicates the slow pace of this uptrend. The 1D MA50 made an emphatic hold four days ago, so as long as it holds we expect the index to continue reproducing the February-May fractal. Our final target is again on the HH trendline (TP = 16,650).
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DAX: Holding the 1D MA50 will start a new bullish waveDAX tested again today the 1D MA50, which is the Support since the July 12th Bullish breakout, and reacted with a rebound. With the 1D timeframe neutral (RSI = 54.688, MACD = 65.900, ADX = 24.550) this holding of the 1D MA50 translates to a buy opportunity. In addition, the 1D RSI crossed over its Channel Up. We are long, targeting the HH trendline (TP = 16,500).
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DAX intraday dips continue to attract buyers.GER40 - 24h expiry
Trading within a Bullish Channel formation.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 4hour EMA is at 16125.
We look to buy dips.
Price action continues to trade around significant highs.
We look to Buy at 16131 (stop at 16031)
Our profit targets will be 16381 and 16461
Resistance: 16240 / 16300 / 16400
Support: 16200 / 16150 / 16100
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 holding the MA50 (1d) can push it to a new High.DAX has completed 7 days of consolidation on the MA50 (1d).
This kind of sideways trading on Supports is usually a technical accumulation before a price jump.
There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16600 (Rising Resistance).
Tips:
1. The RSI (1d) is rebounding on its Falling Support, same as during the previous Higher Lows of the Channel Up (March 17th 2023 and December 16th 2022).
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DAX 4hour Golden Cross targeting 16550DAX formed today a Golde Cross on the 4hour time frame for the first time since June 7th.
The last 3 4hour Golden Crosses inside the large Channel Up pattern have been buy signals that targeted a little under Fibonacci 1.236.
The 4hour RSI is also having a consolidation similar to those previous fractals.
Buy now and target 16550.
Previous chart:
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DAX: Supported by the 1D MA50, ready for a slingshot.DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order for us to buy again, we need to see a breakout over both tops.
If that happens, then there are high probabilities of the move replicating the slingshot of April-May as they both broke out after an Inverse Head and Shoulders was formed. Consequently we will buy that breakout and set a TP = 16,800.
It's worth mentioning that a crossing over the R1 invalidates the potential of a Head and Shoulders (bearish pattern) that may be forming since May 19th.
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DAX above the 1D MA50, has already started the new rally.DAX broke yesterday above the 1D MA50 (blue trend-line) again after rebounding at the bottom (Higher Lows trend-line) of the December 2022 Bullish Megaphone pattern. This is the new technical bullish leg that will aim to form the next Higher High. On a similar way with the previous bottom rebound on March 20, the Low was also priced after the 1D MA100 (green trend-line) broke.
Their RSI patterns are also identical, with the current attempting to test its Lower Highs trend-line before breaking it. The MACD Bullish Cross that was just formed is also in line with the previous two (March 29 and January 03). Every Cross below 0.0 is a long-term buy opportunity.
Our target is just under the Internal Higher Highs trend-line at 16800.
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Will DAX find buyers at previous support?GER40 - 24h expiry
Short term oscillators have turned positive.
Previous resistance at 15750 now becomes support.
The primary trend remains bullish.
Prices have reacted from 15450.
Trading volume is increasing.
We look to Buy at 15741 (stop at 15641)
Our profit targets will be 15991 and 16051
Resistance: 15851 / 15900 / 16000
Support: 15800 / 15750 / 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: Short term buy opportunity.DAX is rebounding after a -4.60% decline that turned the 1D timeframe bearish (RSI = 42.197, MACD = -69.700, ADX = 37.228). Even though that decline hit the bottom of the long term Channel Up, we focus more on the short term where after similar declines in the past two months (both -4.30%), the price rebounded to at leastthe 0.618 Fibonacci level.
Consequently we go short and target the 0.618 Fibonacci (TP = 15,930) which can connect with the 4H MA200 as well.
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DAX hit the bottom of the long term Channel Up. Buy.DAX hit on Friday the bottom of the 8month Channel Up, just under Support (1), which was the low of April 5th.
That is a long term buy opportunity and the price is treating it as such since it's already on two straight bullish candles.
The previous Higher Lows was also priced within the MA100 (1d) and the bottom of the Channel Up.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses under the Channel Up.
Targets:
1. 16430 (Resistance 1).
2. 15150 (MA200 1d).
Tips:
1. The RSI (1d) hit the Falling Support which made the Channel Up bottoms of December 16th and March 13th. However the price dropped some more after the RSI hit that price. Hence it is not unrealistic to expect 15150 and a MA200 (1d) test for the next long term buy.
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DAX Lower Low to come after this quick rebound. Sell.DAX is recovering today from yesterday's brutal break down but this should be a short lived reaction.
The 1day RSI made a Double Bounce on a Falling Support, much like the one on March 13th.
On that price action, after a short lived rebound that got rejected on the 1day MA50 and the 0.5 Fibonacci, the price resumed the downtrend and bottomed on the 1.5 Fibonacci level.
Take advantage of this quick rebound for a better sell entry and target 15100, which happens to be also at the bottom of the long term Channel Up and the 1day MA200 (which is intact since November 10th).
Previous chart:
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DAX: Entered a short term accumulation phase ahead of the next rDAX hit the 4H MA200 again after a much needed technical pull back that helped at correcting last week's overbought technicals on the 4H time frame (RSI = 48.684, MACD = 21.500, ADX = 34.751). This is a similar structure as early June, when the 4H MA200 (and 0.382 Fibonacci) offered support to a 4 day accumulation phase before the bullish leg made a Higher High on the Channel Up pattern.
We are entering a new buy on the current market price, targeting the top of the Channel Up (TP = 16,500).
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DAX First strong buy signal after 1 monthDAX is testing the MA50 (1d) following a rebound on the MA100 (1d).
That was also the bottom of the short term dashed Channel Up as well as the medium term yellow Channel Up.
Technically this is the strongest buy opportunity since May 31st.
Trading Plan:
1. Buy when a (1d) candle closes above the MA50 (1d).
2. Sell if it closes under the Channel Up.
Targets:
1. 16500 (top of the short term Channel Up).
2. 15450 (bottom of the long term dotted Channel Up).
Tips:
1. The RSI (1d) hit its Rising Support level. Additional buy indication.
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DAX is rebounding on the 1day MA100. Bullish.DAX is on the 2nd straight green day after the rebound on the 1day MA100. That was also a Higher Low at the bottom of the mid-March Channel Up.
Buy and target Resistance A (16440).
Sell if a 1day candle closes under the 1day MA100 and target the bottom of the December 2022 Channel Up at 15310, where you can take an even lower risk buy.
Previous chart:
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DAX: Two buy entries for the long term.DAX turned technically bearish on the 1D time frame (RSI = 42.479, MACD = 3.900, ADX = 32.769) with the RSI approaching the lows of March 17th. This is our first long term buy entry as the price is not only at the bottom of the (blue) short term Channel Up but also testing the 1D MA100 for the first time since March 20th.
If the price closes a 1D candle under the 1D MA100, it will most likely fail to hold the S1 and S2 supports as well and instead go for a full -6.70% decline extension to 15,350 such as the mid March and mid December correction legs. That will be the second buy entry. In both cases our target is the short term Channel's HH (TP = 16,500).
Pay attention to the RSI also where the bottom of the Channel Up will be an additional buy signal.
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Will DAX find buyers at market?GER40 - 24h expiry
Offers ample risk/reward to buy at the market.
The primary trend remains bullish.
The 1 day moving average should provide support at 15923.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bespoke support is located at 15900.
We look to Buy at 15902 (stop at 15802)
Our profit targets will be 16152 and 16192
Resistance: 15950 / 16000 / 16050
Support: 15912 / 15860 / 15800
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 Sell signal but gets invalidated on this levelDAX is on a 2-day pullback with a new (dashed) Channel Up emerging.
The index is already inside two long term Channel Up patterns.
The RSI (1d) crossed under its MA level, calling for a technical pullback inside the borders of these Channel Up patterns.
Trading Plan:
1. Sell as long as the price remains under Resistance (1).
2. Buy if it breaks above it.
Targets:
1. 15740 (bottom on two Channel Up patterns).
2. 16950 (top on two Channel Up patterns).
Tips:
1. The RSI (1d) has a Rising Support. Keep that in mind as if it holds you might consider closing the short position earlier.
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Notes:
Past trading plan: