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Fdax

Dax daily: 24 Jun 2020As we predicted yesterday, Dax made its way outside of the consolidation range when it broke out of the resistance at 12 494. Just as we wrote, this breakout was a clear signal to retest another S/R level in the row and that is exactly what happened. Dax continued to hit the resistance at 12 595 where the price bounced back down and returned to the range of the past week. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Yesterday's price action gave us a signal that there is a mood in the markets and Dax has tendencies to continue higher. Considering that yesterday's breakout led to a retest of another S/R zone, we can understand this as the confirmation of the sentiment continuation probability. The major US indices futures also play in our favour as they gain in the morning trading hours and the correlation with Dax is often quite likely.
EUREX:FDAX1!
by FTMO
Dax daily: 23 Jun 2020Dax gave us a fake signal yesterday when it faked-out below the 12 151 S/R zone. The price very quickly returned to the consolidation range of the past week, levelled between 12 151 and 12 494. The daily range was relatively standard and we haven't even seen much volatility. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMI reports Today's session hypothesis Considering the fact Dax hasn't moved away from its consolidation range lasting one week already, we have no reasons changing the outlook. The Statistical Application also doesn't generate any probabilities in these situations and Dax awaits any decisive catalyst that will propel the price development. This could be today's PMI reports from the Eurozone or volatility in the main US Indices. These appear to be on the crossroad between the artificial positivism of re-opening the US economy, as created by Trump's administration, and a fear of the upcoming second wave of the pandemic. We now need to monitor the price action but mainly the breakout from the current consolidation.
EUREX:FDAX1!
by FTMO
Dax daily: 19 Jun 2020Thursday's session was quite interesting. We anticipated that Dax was likely to trade in its range and the resistance at 12 494 really served to just reject the upward price move. It is apparent this S/R zone is valid and those who had limit orders around this level can pride themselves with nice profits. Dax then moved to the middle of the range and we start fresh from the same levels, again. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Friday's session starts near the previous day and the first trading hour is dominated by buyers. It seems that bulls are likely to target 12 494 yet again and we stick to our yesterday's bias. We anticipate the retest and/or breakout of the nearest S/R zones and we incline more towards 12 494's side. If buyers don't want to go above there, the support at 12 151 isn't much stronger.
EUREX:FDAX1!
by FTMO
1
Dax daily: 18 Jun 2020We were unsure about the price development yesterday as no hints were present. We clearly defined the range of 12 151 - 12 494 and the price stayed there all day long. The session was a slow one with the range being relatively narrow. Dax was moving sideways just to close the day near break even. Our zones remain unchanged. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:30 CEST - SNB Policy Rate + Statement Today's session hypothesis Dax opens the day with a small descending gap. We anticipate the retest of yesterday's close and trading in the defined range. The nearest S/R zones will play a major role and the price action around either of these will be a decisive factor for further price estimation. The breakout will be a major focus for us. We have a day filled with macroeconomic events so stay alert.
EUREX:FDAX1!
by FTMO
Dax daily: 17 Jun 2020Yesterday's session started well in line with the auction market theory. The price first dropped to retest our support at 12 151 and bounced back up to continue higher, even above the open. Buyers lost momentum mid-day and Dax dropped sharply to retest the same support once again. The session then closed nearly break even. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis We'll disappoint all traders who expect a clear direction analysis today. The price hasn't eventually gone anywhere yesterday and is currently in the middle of two important S/R zones. We don't have any indications or signals about the direction, yet we incline more to the bullish side. The retest of 12 494 is expected in the short to the mid-term horizon. Contrary, should 12 151 be broken to the downside, space opens for more sell-offs.
EUREX:FDAX1!
by FTMO
Dax daily: 16 Jun 2020Yesterday's session showed us very clearly that buyers don't give out their gains of the past month. Dax was ascending since the open, without any pullback or correction. The price sliced through the 11 734 S/R zone without any sign of slowing down and closed the day up at 12 084 near its daily high. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 11:00 CEST - German ZEW Economic Sentiment Today's session hypothesis Against all odds, we haven't witnessed the low volatility as expected. The gap today suggests the volatility is likely to stay in the markets today as well. Dax opened the day with an ascending gap, priced at 12 288. The price is now above the S/R zone of 12 151, which is now being eyed as the most important level for bullish traders. We anticipate a pullback towards this area where buyers are likely to show their strength. If there is no will to get to 12 151, the resistance of our interest lays at 12 494 which is a very nice target to be retested.
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: 12 Jun 2020We mentioned it in our analysis yesterday that previous days signalled a bearish correction and could further support sellers. This turned out valid and Dax headed south. The price even broke the support at 12 151 and almost reached the next support at 11 734. Important zones Resistance: 12 151 Support: 11 734 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened the day with 166 points gap, correcting portion of yesterday's fall. We don't plan to trade the gap situation. The price is midway through yesterday's session and it doesn't provide good hints now. We are not fully clear about the direction, S/R zones are defined so we'll be eying either of those, depending on the initial momentum. Global Indices, including Dax, feared a second wave of pandemic yesterday and chances are that this market mood could further play a role in the upcoming days.
EUREX:FDAX1!
by FTMO
Dax: Potential top here...There's a nice short setup with defined and low risk in the Dax here. You can trade it with futures or CFDs, the stop is tight, you could use a stop over 12933 here for instance. The recent daily uptrend signal that triggered 3 weeks ago ran out of time, and now we had a bearish reaction to resistance. Sentiment is getting out of hand, and there are very extreme things happening with euphoria from retail...FOMC might be a catalyst for a top for a while. Cheers, Ivan Labrie.
FX:GER30Short
by IvanLabrie
1
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