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Fdax

Dax daily: 30 Jul 2020Dax hasn't really gone anywhere yesterday. There was almost no volatility in the market and the situation resembled a calm before the storm. The price was oscillating in the narrow consolidation range below 12 882. The FOMC has supported the price slightly towards the end of the session and Dax closed in positive numbers for the day. Important zones Resistance: 12 882 Support: 12 592 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's analysis will not bring any breaking news. Ultimately just for the fact that Dax hasn't moved anywhere yesterday, our hypothesis remains unchanged. The resistance at 12 882 is now a key zone and we rather anticipate shorts, in spite of yesterday's positive close related to temporary volatility caused by FOMC. The consolidation of the past days doesn't provide relevant signals and we have to wait for some serious price action. Remember that no trade is a good trade, sometimes. There is a row of macroeconomic events from the Eurozone in the early London session, yet all of those have low importance.
EUREX:FDAX1!
by FTMO
Dax daily: 28 Jul 2020Yesterday's session turned out as expected. The price action truly was slow, if not lazy, and Dax hasn't really gone anywhere. The price oscillated just below 12 882 zone and the daily close was very slightly positive. Is this a good hint for buyers? 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 For today, we don't have any scheduled macroeconomic releases that could amp Dax. There is no overnight gap either. And to top it up, yesterday's price action hasn't really done anything yesterday and so we'll stick to our hypothesis and monitor the price development around 12 882 S/R zone. If sellers turn out to be more aggressive, our scenario is clear. Stoploss below 12 765 while targeting 13 119. This currently makes sense to us. Contrary, should the initial momentum reverse, we'll look at 12 592 as our target.
EUREX:FDAX1!
by FTMO
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
DAX: Channel Up making a bottom.DAX is trading within a Channel Up on the 4H chart (RSI = 36.715, MACD = -1.100, ADX = 34.094) since lat June. Following the Higher High at 13,300, the index pulled back to make contact with the 4H MA50 (blue line), which last time (July 10th) provided a rebound. We expect a similar pattern but if it fails we are prepared to close the position and turn into selling towards the 12,400 Support, where the price can contact the 4H MA200 (orange line) for the first time since May 14th. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Long
by InvestingScope
1
Dax daily: 24 Jul 2020For yesterday, we expected the retest of 13 235 followed by a possible correction to the downside. Buyers were not able to get all the way to this level as bears took dominance of the market. The whole intraday session was then characterized in a clear directional move to the downside and this lasted till the close. Dax corrected its uptrend of the past days and the pice is comfortably below 13 119 and near the support of 12 882. Important zones Resistance: 13 119, 13 235 Support: 12 882 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs Today's session hypothesis After seeing yesterday's price action with the close at its low, the scenario offered itself to break the previous day's low. Regardless, Dax opened with a descending gap and fulfilling this thesis right away. At the time of writing, the price is correcting its drop and chances are to see the gap closure early in the morning trading session. We anticipate today's session to remain above the support level of 12 882.
EUREX:FDAX1!
by FTMO
Dax daily: 22 Jul 2020The positive continued yesterday as we expected. The price reached above 13 235 resistance and we've noticed the biggest volume of orders for the entire day session. Unfortunately, Dax hasn't stayed long in those levels and the afternoon session wiped out all gains, dropping down to a support level of 13 093. Important zones Resistance: 13 235, 13 519 Support: 12 882 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's session opened near Friday's close and Dax is now retesting yesterday's close. This is good news for sellers as the initial signal implies that buyers are not fully convinced of their strengths. Needless to say that Dax is still in the uptrend which is uninterrupted. We anticipate the repetitive test of 13 125 which could be a good level for bearish traders.
EUREX:FDAX1!
by FTMO
Dax daily: 21 Jul 2020What we saw on Dax yesterday was a nice 'fakeout' example of the 12 882 S/R zone and a good example of the reactive activity below the key level and Thursday's fair price. Buyers stepped in to correct the early morning impulsive pressure an as expected, the price headed towards our target and almost hitting 13 119. Important zones Resistance: 13 235, 13 519 Support: 13 093 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Yesterday's mood on Dax and on the US indices was fairly positive. Not only there is a vision of clinical testing results of the Covid-19 vaccine, but market participants expected a progressive dialogue at the EU Economic Summit and finding a deal after many days of talks. EU finally reached a deal overnight as the member leaders found stimulus of 750 Billion Euro fiscal recovery fund and this comprises of grants and low-interest loans. After this news, Dax jumped higher to open with a big ascending gap, levelled between two S/R zones. We anticipate the positive mood continuation with the chance of pullback towards 13 093 as this corresponds with yesterday's high.
EUREX:FDAX1!
by FTMO
Dax daily: 20 Jul 2020On Friday, the price remained around 12 915 and the market balance was confirmed again. As we expected, Dax traded rather sideways without any reasonable volatility. Bullish traders managed to close the session on its daily high, but it definitely wasn't a signal of an uptrend. Important zones Resistance: 13 119 Support: 12 882 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis The week opens with a reasonably small descending gap. The price is, once again, at the VPOC of the previous trading session. 12 882 is now the support level and if buyers are to take the price higher, this S/R level could serve as a very good entry level with the target to 13 119. The last two sessions of the past week can also be understood as an insufficient signal of the bullish strength, despite the clear upwards direction, yet without much momentum. Contrary, should 12 882 be broken to the downside, Dax has a lot of free space towards 12 592.
EUREX:FDAX1!
by FTMO
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 target is GAPDAX traders love fill gap , so put buystop on last high ,,,selllimit on gap fill price IMPORTANT SECRET = like dax in mornin open,it fill gap to yesterday close ,,,, dowjones on open in 15:30 CET ,it fill gap too (yesterday close) ,,,,it force dax pull back ,check in history chart in dow,dax (ym1!-fdax1!) example =in morning dax ,dow goes up , in 15:30 cet when cash dow open (NYSE) it goes down to fill gap (yesterday close) ,,,this down dax too!!!!!!!!? www.tradingview.com
FX:GER30Long
by ramin_trader2006
Dax daily: 06 Jul 2020No further price growth has been witnessed on Friday. After retest of the previous High, Dax pulled back to 12 494 S/R level and consolidated there for a time being, just to respect this zone and range slowly towards 12 592. The daily volatility was low due to a bank holiday in the US. 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 took a bit of a delay since Friday's prognosis and opened the week with an ascending gap. The price opened at 12 776 and is descending slowly at the time of writing. Dax is now above the consolidation range and the nearest resistance level lays at 12 882. This might the most important target for bullish traders and we'll be eying to focus our attention there as well. It is, however, very likely that Dax will first retest Friday's levels and the retest of 12 882 comes later in the week.
EUREX:FDAX1!
by FTMO
Dax daily: 30 Jun 2020The week started with a price correction and Dax reached 12 151 as we anticipated. Take a look at how nicely this zone functioned. This was the level where buyers and sellers battled over the dominance of further price development. Bulls won this call and took Dax back to the consolidation range. Again. The price is now in a balanced area where it is understood as fairly valued. The session was closed in the black numbers and at its daily high. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's session could be optimistic for buyers. As per the Statistical application, there is an increased probability of breaking yesterday's high, which, unfortunately, is relatively very near so it doesn't offer good RR. The consolidation range is quite wide and it's not yet fully clear where the price might head. The resistance at 12 494 is relatively far away but if we had to favour one side of the story, we have a bullish bias in the mid to long-term horizon.
EUREX:FDAX1!
by FTMO