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DAX analysis for 8.4.2020Hello traders! So, yesterday we went through a major rezistence on EUREX:FDAX1! at 10 410 EUR. I took a long, went little bit more then 1:1 RRR in my favor, but then the price started to collapse slowly. The rest of the European session was quite boring and we finally got some movement after 4 PM CET. Since the market eventually reacts on our resistence, we are expecting some more downtrend for today. The major support will be at around 10 000 EUR. Good trading! FINEIGHT Team
EUREX:FDAX1!Short
by Fineight
DAX - new week openingHello traders! We have a new week here and after the very lazy end of the previous week we are looking forward to some new opportunities. The opening today was very big and it looks like the market is rested and ready for some nice movements. We have over 400 pips opening gap to the upside and the price has been going up all day. There were some nice intraday opportunities from my perspective, but now the price hit very important resistence at around 10 000 EUR. We can not tell if buyers are going to be strong enough to continue to push the price higher yet, but usually some retracement takes place from such a strong level, so don't be rush with your breakout long trades. ;-) We are going to wait for some confirmation of the breakout or collapse back to the trading range before making any swing trade, so stay tuned for new updates! Good trading, guys! FINEIGHT Team
EUREX:FDAX1!
by Fineight
DAX: Profit sideways unless we have a break-out.The German index is trading within a Channel Down on the 1H chart and at the moment the momentum is sideways (RSI = 54.078) within 9,950 and 9,300 (Lower High and Lower Low respectively). If the Channel Down breaks upwards, then we will target the 10,400 - 10,750 zone while if it breaks downwards we will target the 9,060 - 8,800 zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!
by InvestingScope
FDAX UpdateThe big question is how many times can the DAX bounce off of support before it finally caves in? It's the selloff by the EUros that instigated this whole drop, and they've been bouncing all week, as has all the markets. At some point it's gotta stop bouncing and pick a direction right? Or maybe we just keep doing this until the Fed meeting, lol. We've literally been alternating huge up and down days this week, which is about the whackiest thing I've seen on the market. Impossible to guess overnight direction at this time, but I think eventually we get another huge down move.... just a matter of when. If it doesn't happen before the Fed meeting, I think it will happen then. Market already has more than 50 pt cut priced in already after the 50 pt emergency cut, if POwell doesn't oblige then we're looking at an epic tank. The ECB can;t do much, they're already negative, lol.
EUREX:FDAX1!
by hungry_hippo
3
DAX: Sell target reached. Now strong buy opportunity (long term)Following our previous Sell Signal on DAX (Descending Triangle) which you can see here: We turn to a much longer time frame, the Channel Up since the December 2018 bottom. Among fear of the coronavirus outbreak, the index has crossed below the 1D MA200 (RSI = 32.658, MACD = -1.310, ADX = 34.677, Highs/Lows = -1.6279) and is now testing the Higher Low trend line. This trend line has held twice before (December 27th, 2018 and August 15th 2019) providing excellent long term buy opportunities. We believe such an opportunity exists now as well as the 1D RSI is also near its 27.000 Support, which has been holding since October 24th 2018. See also how the 1D RSI is in phases and currently repeating the bottom sequence. The RSI tops before the actual price does. In conclusion this is a solid long term buy opportunity and our Target Zone is 13,800 - 14,000. See how accurate DAX long term levels are. We have found fractal analysis very useful in identifying long term trends and their buy/ sell entries. We predicted the 13,800 High back in April 2019 when DAX was still trading at 11,600: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Long
by InvestingScope
1
DAX: Ascending Triangle on an RSI bearish div. Sell opportunity.DAX is trading inside a 1D Ascending Triangle (RSI = 57.402, MACD = 123.300, ADX = 27.184, Highs/Lows = 79.6214) and currently is testing the Higher High trend line. With the RSI though on a bearish divergence since practically the start of the pattern, we are expecting a pull back soon. Notice how the RSI is also on the High of its Channel Down (bearish divergence) pattern, which has delivered a drop in the previous two times. The 1D MA50 is acting as the pivot at the moment and should be the first Target for short term traders. If we see a 1D candle close below the MA50, then traders may extend shorting (but with the SL lowered down to a profit level) towards the 12,880 Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Short
by InvestingScope
1
DAX: Attention needed. Bearish fractal to 12,800.The index has made a marginal All Time High today but the 1D RSI remains on a bearish divergence (RSI = 59.286, MACD = 52.400, ADX = 20.325) within the 1W Channel Up. This pattern resembles the May- July 2019 top sequence which ended with a strong decline towards the 1D MA200 (orange line). If the 1D MA50 (blue line) is crossed again, we are expecting this time contact with the MA200. Our Target Zone is 12,700 - 12,870. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
XETR:DAXShort
by InvestingScope
2
DAX: Strong correction. Two support levels.DAX is on a strong correction (short term for the time being) with the 4H Channel Down (RSI = 38.828, MACD = -65.800, Highs/Lows = -254.2571) approaching the 12,945 - 12,885 1D Support Zone. On the short term our 13,100 Target on the previous sell call has been hit: Right now we are focusing on where the Support levels are on this strong correction, and where is most optimal to buy. As long as the short term 12,945 - 12,885 Support Zone holds, we can expect a bounce any time now as the -5.00% correction is completed which is the norm on a medium term basis (happened in October 1st, 2019). If 12,885 breaks though, then the correction will follow the longer term norm of -10.50% (happened in late July, 2019). As a result in that case we will wait for contact with the 1D MA200 (orange line) and buy for the long term. The Target will be at least 13,640. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
XETR:DAX
by InvestingScope