Quick analysis on 2GBDear German traders, I made an analysis for you on the 2GB to inform you that it's not the appropriate time to buy it, you must wait for the price to break the tough resistance level it keeps pulling back on for the past year.
Germany30
DAX primary trend still remains positive.GER40 - 24h expiry
Daily signals are bullish.
We are trading at overbought extremes.
Short-term momentum is bearish.
A lower correction is expected.
The 1-day moving average should provide support at 15980.
The sequence for trading is higher highs and lows.
We look to Buy at 15981 (stop at 15896)
Our profit targets will be 16191 and 16241
Resistance: 16090 / 16150 / 16230
Support: 16059 / 16000 / 15930
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Ger 30 1 hour TF We are at an all time high frame,on the 1 h price has crossed the 1 hour support, however this could be a fake out and price could make a significant retracement to the down side. Wait for a retest and any other confluences before entering a buy
GER30 BUYHello Ger30 indicator. In a positive state with a bullish flag. And the correction of the last wave on an important ratio in Fibonacci 0.5. Likewise, this correction came on strong support at 14650. With the formation of very positive candles indicating a strong entry for buyers to rise again . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
DAX to breakdown?GER40 - 24h expiry
We are trading at overbought extremes.
Short-term momentum is bearish.
Bearish divergence is expected to cap gains.
15750 continues to hold back the bears.
15729 has been pivotal.
A break of the recent low at 15729 should result in a further move lower.
We look to Sell a break of 15719 (stop at 15801)
Our profit targets will be 15519 and 15479
Resistance: 15800 / 15850 / 15900
Support: 15750 / 15700 / 15640
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DE30EUR (Longs)Price is moving well from our original entry. Final Opportunity for the week. Potential Pullbacks to 15781 - 15791.
-@ITUProfessor
USA stock markets secondary as Germany outperformAlthough the US stock markets are doing OK, including SPY and S&P 500, the DAX seems to be outperformed by a long shot. I just noticed this today out of curiosity since the euro is starting to exceed the British pound. This might be due to the more substantial German market overall.
Will DAX continue to breakdown?GER40 - 24h expiry - We look to Sell a break of 15529 (stop at 15649)
We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the daily chart is negative for sentiment. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 15479 should result in a further move lower.
We look for losses to be extended today.
A higher correction is expected.
Our profit targets will be 15229 and 15179
Resistance: 15660 / 15740 / 15800
Support: 15552 / 15500 / 15370
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DAX momentum has stalled at 2023 highs.GER40 - 24h expiry -
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
15708 has been pivotal.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look to Sell at 15699 (stop at 15819)
Our profit targets will be 15401 and 15341
Resistance: 15662 / 15708 / 15800
Support: 15550 / 15470 / 15350
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
MUST READ:GER 30 CURRENT VIEWPrice Broke The Lower High and And Created a New Higher which signals buying opportunities telling us that the price is currently Bullish from being bearish as I identified the zone indicated and took 50 % of the zone to reduce risk as we wait for price to retrace back to the identified level and take our positions.
Bear In mind that i use smart money concepts that's why my charts may not contain many objects e.g Trendlines,Indicators. etc
GER30 Hope you are having a nice day. Looking at Zone 1&2 it looks a lot like we might be seeing some neutral movement for Monday i will also take extra caution when taking a trade. I also noticed that Zone 3 on the chart was a big resistance level back in November and December 2022 and then got broken out of. I do however think that the market will be testing Zone 3 again for support, but we will have to wait and see.
GER30 DailyBeautiful higher timeframe retest of previous key level resistance looking left, as new support forming a higher low. 3 weeks now price has closed above this key region, & above this zone I am looking for price to resume the overall uptrend..
A lot of confluence in this region as it also aligns with the 50 fibonacci retracment of the previous impulsive stage. The corrective stage may now be coming to an end, & the trend may enter back into the impulsive stage of the uptrend as buyers are building up liquidity here.
DAX BEARISH As shown it looks like the market could still continue down the channel till the end of the week, as it comes up to retest the Fibonacci zone to sell. It has also created LH AND LL inside the channel. With NAS100 having reaching a point of ''HIGH DEMAND'' yesterday we might see the same occur on DAX. for now i am waiting to see if it respects the levels or breaks out creating new HH AND HL
DAX SELL (GERMANY INDEX)Hi there.
Price is moving impulsively to the downside.
Wait for the price to form a continuation pattern and watch strong price action for sell.
BIG SHORT ON THE DAXAs you can see from my track record, I am never wrong.
The DAX will sell off to 14100.
I have taken my trade at the very top.
Let us watch this unfold.
Cheers
GER 30 Bearish Projection (Daily TF)The GER 30 price has breached the bullish ascending channel to the downside with s strong bearish engulfing candle, and there is a strong likelihood that the price will undergo a further decline after testing the key level. Nonetheless, if the price surpasses and closes above the key level, there is a possibility of a bullish continuation, which would negate my previous perspective.
What's your thought on this? Like and comment below
DAX IndexHello Traders,
Dax Index is heading to 15200 K zone then probably there will face a lot of sellers.
Long intraday TP 15200 circa.
Trade safe.
Illyrian Finance
DAX Major bearish breakoutWe're watching the support level of 14877 very closely as it's a major overlap, 23.6% Fib retracement and a break of this level, coinciding with the ichimoku cloud bearish exit, could trigger a massive drop to the next support level at 13863.
It's also nice to see strong bearish divergence vs Stochastic suggesting we could see a big reversal upon the break of the 14877 level.
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DAX BEARISH SCENARIO NOT OVERDAX felt 3.04% in Monday, biggest drop for the instrument after December. Investors are cautious after the failings of SVB and Signature Bank that the entire bank sector might be badly hurt from the sharp rise of interests in the last year.
On the technical front both MACD and RSI indicators are suggesting continuity of the bearish movement, with RSI below the 50 neutral line and MACD histogram deep under the zero line and keep falling.
If the current movement continues, the price might try to test levels of 14500. In the opposite scenario the price might revert back to 15410.
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DAX in a descending triangle.GER40 - Intraday - We look to Sell at 15484 (stop at 15564)
The bearish engulfing candle on the daily chart is negative for sentiment.
Daily signals for sentiment are at oversold extremes.
A higher correction is expected.
The trend of lower highs is located at 15510.
Prices expected to stall near trend line resistance.
Our profit targets will be 15284 and 15244
Resistance: 15400 / 15480 / 15500
Support: 15350 / 15300 / 15250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DAX SHORT OF THE YEAR I believe that we have seen the highs on the DAX for the coming 2 years, therefore I have gone full short expecting the rice to reach a new low.
