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Germany30

GER30 Investors Strive to Break Above Historical High LevelPrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at the GER 30 . The Germany 30 Index has continued to churn sideways above the 12900 key medium-term pivotal support and slightly below its strong resistance that exists around its all-time highs near 13590. The price action combined with the Relative Strength Index is staying strong, but GER30 has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish, and a downtrend or valuation adjustment could soon follow. In addition, given the bearish configurations seen in the S&P 500, we don't have the conviction to maintain the bullish bias for the Germany 30 Index. Thus, its trend will likely turn neutral at this juncture between 13590 and 12900. A break below 12900 and the middle line of the rising channel validates a potential corrective decline below the 12500 levels. On the flip side, only a daily close above 13600 opens up the gates for a further rally to target the next resistance at 14550, which is a 1.272% Fibonacci level and upper boundary the large ascending channel. Once the price reaches the resistance 1.272% Fibonacci level, a rejection could cause a fall to the previous all-time high level. Support level: 12900 Resistance level: 13590 Day's range: 13361.8 — 13508.0 We appreciate the continued support that PrimeXBT has received from readers and traders like you, and hope you have great success with all your future trades!
FOREXCOM:GER40Short
by UnknownUnicorn3931771
DAX nears all-time highs, next target 14530!The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume. From here we could see a new all-time high fast. The Fib extension level suggests price is going to move into the 14530 area and that would bring the DAX level with other global indices. This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.
XETR:DAXLong
by TRADEPROAcademy
1
Dax30 GRXEUR - Up or Down?As always on the stock market, it either goes up or down or sideways. In this case, the sideways phase is already excluded for the Dax. This improves the chance to 50 to 50 and thus better than with the coin flip. Better than a coin flip? I thought that was 50-50? No, the probability when flipping coins is not 50 to 50, because the flat edge is often forgotten here. This is the side at German Coins where "unity and legal and freedom" (Einigkeit und Recht und Freiheit) is written on it and stands for the sideways phase. So the task is to make a decision in the next few hours, which variant will prevail. Up or down?
FOREXCOM:GER40
by StefanBode
DAX: Potential for 12,500 if the Channel Up breaks.DAX has been trading within a 1D Channel Up (RSI = 49.754, MACD = 14.200, ADX = 21.600, Highs/Lows = 0.0000) since the August 15th, 2019 bottom. This Channel Up is however very close to breaking to the downside, having also already crossed the 1D MA50 (blue line). Last time a 1D Channel Up crossed the MA50 and broke to the downside was in late May 2019 when the price broke downwards after posting Lower Highs and didn't find Support until the 1D MA200 (orange line). If you look also on the RSI action of the two sequences will you see how similar they are. As a result if DAX breaks and closes below the current Channel Up, we are expecting a test of the MA200 around 12,500. *Note that this bearish divergence has been noticeable since early/ mid December after that Megaphone on the 4H chart was spotted. So far it has been trading as expected: ** 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
DAX continues to show strength, upside to 13800Equity markets have been hitting all-time highs day after day throughout the world throughout the holidays. While the DAX has been somewhat of a lagger and has the potential to break into new highs and beyond based on structure, volume and more. So far over the holiday season has held up the structure on DAX well suggesting more upside, a new temporary high was hit at 13400 before a slight fail. We could see price into the 13050 level where the impulse started for the next press higher. The support level was rejected well by buyers that came in, so the next move is into the all-time high around 13600. The drops were on weak volume for the retraces, while each rally higher was on strong volume. The bulls have this in the bag and as long economic expansion continues throughout the world then the DAX will strengthen to catch up. As long as price doesn't break through the support structure on the medium term at 13050 the bull side is the right side, below that level, 12900 has to hold support. This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
XETR:DAXLong
by TRADEPROAcademy
1
DAX breaks a recent high, next target 13600! DAX manages to break through the 13305 high on decent volume after holding the support structure we had mapped out at 12910. The fact that it broke into 13400 and retested the broken high at 13290 means that there could be immediate support here for an all-time high move or a slight retrace into 13050 before we see the all-time high again. For the move to come out into the all-time high we need to see a new higher-low form so that means a move below 12910 ultimately would disqualify this long. Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO academy is not responsible for any market activity.
XETR:DAXLong
by TRADEPROAcademy
1
$GER30 #DAX BULLFLAG? RESISTANCE? HOW HIGH CAN WE GO?Just before US Market Open the DAX Index bounced of 13300 filling perfectly the gap. You are looking at the DAX Chart of OANDA which is also active overnight, you can see Gaps on the Xetra Chart of the DAX Index (which is not active during Overnight) While the $SPX500 already trying to break a similar Patern to the upside targeting Prices around 3200-3220 the DAX index is somehow laging behind. On the Dax we might be in a Bullflag which can be seen on lower Timeframes with Potential to target 2017/2018 Highs if the Resistance of 13420 Breaks. If the American Market will push Stock & ETF prices up again with Fuel from the current FED QE (Not QE as they say :) ) it could drag the DAX index with it giving more odds to a break of the Upside. Please also take a look at my Last TA I am currently trading the possibilities of this Potential Bullflag to the upside with a tight Stop Loss and will Take Profit upon reaching resistance. Trade Safe!
OANDA:DE30EURLong
by koboltrading
2
$GER30 #DAX #DE30EUR are tides turning? Were is next Resistance?In the Overnight hours the Dax Index Price broke out to the upside is now heading to retest next resistance level of 2018 highs. For 100% Confirmation we have to wait for this daily or this weeks Candle Close to be sure about this breakout but the fact that we broke resistance trendlines and trading currently at market open, above all past 2-3 Weeks Candle Closes with gaining upside momentum, forces me to adjust my Strategy and take into consideration that higher Resistance levels can be reached. This Post is about the Daily Scale (View) which could be seen as a short term outlook about possible and potential next resistance Targets. On a Makro View (Weekly / Monthly) I am sill targeting lower Support Targets around the 0.382 - 0.5 Fib-retracement Area on at least a Weekly Scale. Reaching this Targets more often then not need time to develop, it could take hours, days, weeks or even a whole month to test uper resistance or confirm some sort of breakdown of this ATH levels. Beginner Traders will be more likely get frustrated by this Price action especially the one aiming on Makro Trading Targets and maybe just trading lower timeframes below the Daily. Last days Picture was changing really fast with a pottential Rollover of the market declined by a massive bounce and following rally fulled by some Trump Tweet about a Trade War Resolution let the markets rise turning the Stochastic oscillator up altogether with the RSI regaining the EMA and heading upwards. The Demark Indicator indicating a new sequence confirming this possible breakout with a consecutive and clear 2 above 1 and 3 above 2. The Chart Pattern could be now seen as a triangle breakout to the upside or a Rising Channel pointing directly to next resistance and the measured up-move from the breakout-point is pointing directly to 13600. Resistance 13510 - 3 Nov 2017 High - upper trendline of rising channel 13570(Candle-close) - 13620(Candle-wick) - 23 jan 2018 High - upper trendline of rising channel Support Area 13280 - 13310 With a break and Daily Candly Close below the Support Area a new evaluation of the Situation would be needed as things would change really fast again. Oszillators Daily Stochastic upcrosed - rising Support trendline RSI - regained the EMA heading - rising Support trendline I expect this area to be now really Volatile making Stophunt Moves before turning towards lower levels of support. The Fact that the Price is Trading at ATH levels and almost all Indicators and Oscillators below the Weekly are resetting themselves and maybe could gain more upside momentum creates the perfect environment for Market Makers running the Orderbook up. Keeping in Mind all this Facts together (ATH, Stophunts, etc.) strategies like scalping will be in favor for the next Days. Trade Safe!
OANDA:DE30EURShort
by koboltrading