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Germany30

Ger30 Bump and run The price have broken out of a downward trend channel and haven't tested the breakout line yet. the price have had a 44 angle down trend, with a following 63 angle of breakout. The movements have also made a double top on the upwards run. this 2 tops can be counted as a triple top test. If you look at the start of the trend channel, you se the price have ben testing this area before. I see the price retrace back to the breakout line, and testing the 12148 level, if break of that level, we will se the price move back into the trend channel and where we go from there is a good question. A break of level 12649, we could se the price go to 12925 before further downside moves. The Oscillator have also produced a higher low, while the price have produced a lower low. (Marked with yellow rings.) This is a regular bullish divergence. Before i see further upside i would like to se a confirmation of that bullish indicator, with a test of the 12148 level, and will be seen as a retracement of the price which is healthy before a bull run. Good luck :)
OANDA:DE30EURShort
by Fx-AlphaStrats
Germany 30 overview for this week. Fundamental and technical. The price have been holding below the 0.5 level on fibonacci, 12599.4. And could be sending a signal, that the price have more downturn to come. The price failed to break the 0.707 level on fibonacci, which is also the resistance line in the trend channel. this can be a sign of further downside, also looking at the aggressively bearish candle almost right after it hit the resistance line. I see a five wave minuette sequence, that is about to form. with 11166.9 as the bottom, which is also 1.27 on fibonacci level. If the price breaks the trend channel, it can be heading towards 12532.5 area before retracement back to the resistance line on the trend channel, which will be the new support for the price befor further upside. Wave (i) 11930.1 Retracement to (ii) 12187.4 Continuation down to (iii) 11489.4 Retracement to (iv) 11701.2 and continuation to the fifth and last wave (iv) 11164.8 before correctional waves. ( i will post this if this analysis is validated) In the Technical analysis we also have Regular bullish divergence (Yellow rings) while at the same time we have hidden bearish divergence (Red rings) This is sending a lot of mixed signals, and the price will be very volatile in the coming days, weeks and months. _______ Fundamental: There is happening a lot in the markets right now. We have a brewing trade war, with Trump using his negotiation skills to get more lucrative deals with China. China have been aggressively and have hit back with the same actions, and promise to counter measure the same tarifs as the US. The problem is that china is running out of areas it can strike back with on the tariffs, as china only have a $169.8 billions of imports from US. if china will impose also the threatening $100 billion from US on additional import tariffs. Therefore china have no option but to strike on the companies operating in china and can be very costly for the American companies that are in Chine. This week we have a very weak economical data coming out from the Euro zone. with German trade balance Monday. French CPI Thursday. German and spanish CPI Friday. The data have a consensus as last time numbers. From The US we have a lot of medium importance numbers. We have PPI Tuesday which is expected to be 0.1% let than previously and core PPI which is forecasted to be holding a steady level, with the same as last time. also we have FOMC member speaking the same day. Wednesday we have Core CPI (YoY) (Mar) which is forecasted to be 0.3% higher than last data. also we have FOMC Meeting minutes. Thursday with Initial jobless claims which is forecasted to be 231k. Last time it was at 242k and is a slight decline in the data. Friday we have 3 FOMC speakers JOLT´S Job opening, and Michigan Consumer sentiment. ______ We have for a short position: 1. 5 wave sequence formation 2. The price have tested the resistance on the trend channel and failed to break it. 3. The price have been staying below the 0.5 Fibonacci level 4. Bearish Hidden divergence ( marked with red rings) 5. Fundamentals, a coming week with a thin amount of macroeconomics data from Euro zone. 6. Trade war, with no negotiations, between US and China in sight. 7. FOMC speakers with a hawkish view on the interest rate hikes. _____ For a long position. 1. The price have been testing the support at 12150.5, and have not broken it yet. 2. Regular Bullish divergence ( marked with yellow rings) 3. Can be heading towards 0.5% on fibonacci to test the level. 4. Positive numbers from the US.
OANDA:DE30EURShort
by Fx-AlphaStrats
1
DAX Rising wedgeA rising wedge is forming after a longer downtrend. The rising wedge are functioning as a consolidation pattern. Take in minde that a rising wedge is a poor performer, historically. __ Entry will be when the support is brokken. if so we could se the price go to 11.800 and 11.700 If not, and the price breaks the resistance line. we could se price go to 12.190. before further downside. ___ The index is very correlated with EUR/USD i se the price of the euro slide a bit further befor gaining again, and therefore the price of dax, have a good chance for further gains. before the 2 mentioned is making a u-turn. ____ 1. Rising wedge 2. Lower prices in EUR/USD 3. bullish regular divergence ( see in the RSI and Chart)
XETR:DAXShort
by Fx-AlphaStrats
German Stock Index DAX (*Now it has met a decent resistant)German Stock Index is trying to bounce downward using 12450 as nice resistant. Now it may be BEAR pressure as long as the price is below 12450 and 12550 regions. SLight Bear but watch closely. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We,Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
OANDA:DE30EUR
by SonicDeejay
German Stock Market (*Watch this region closely)German index is in the dilemma right now. Watch the important level of 12,250 carefully. If the market break that levels strongly, it shall go alot of lower. Or if the market is supported by it, bulls may still have chances. Let's see. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We,Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
OANDA:DE30EUR
by SonicDeejay
3
Dax Bearish Shark patternHere we have a bearish shark pattern, that have completed a,b,c, and d point is expected anytime soon If you look at the RSI, a regular divergence have occurred. the entry point will be at the end of the D leg, which is 0.786 on fibonacci level drawn from a to x. We also see a resistance and ranging area in the drawn box, which is where i will expect the d point to be. meanwhile i will counter trade the index, with more charts being uploaded while doing it. So we have a ranging and resistance area where the d point will end. a bearish shark harmonic, that have followed through the a,b and c point. and we have a regular divergence. Stay updated, and follow my profile for more charts.
OANDA:DE30EURLong
by Fx-AlphaStrats
DE30EURDE30EUR CFD is currently trading under the 50 m.a which would suggest there could be downside momentum if it holds below the 50 m.a.If it fails to break the 12195.9 priceline i'll be going short til 11944.5 . The 11944.5 PL is important as it failed to break last August so it should be interesting to see if it will hold or breakthrough it. Im not ruling out any upside movements but it seems more bearish than bullish from my analysis. Lastly DE30EUR could trend in a channel (red lines)if so please take note of the bearish flag .
OANDA:DE30EUR
by Mmoremi
Germany Stock Index (12 Feb 2018) * Bears, Be Patient.DAX dived down into a strong congestion zone of 12,000 to 12,200 region and currently it making a bounce. I expect it can swing back up strong, as it may have trapped enough later sellers and it will attempt to eat them up. It can swing back up to 12,500 regions. I see the region as very strong resistant region and the index may not have enough strength to pass throught it. If you are looking for a short, this is where you want to wait. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
OANDA:DE30EUR
by SonicDeejay