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DAX analysis for 21.4.2020Hi traders, today I got to my charts a bit late but let's take a look at what happened in the morning and what can we expect from the US session. EUREX:FDAX1! opened with gap to the down side today which really canceled the yesterday's Pin bar signal. The morning was again quite lazy but eventually we broke yesterday's low and the price continues trending lower ever since. The first support is low from 16th April but we might see the price go even lower to 10 110. I am now going short with the profit target at 10 250. John FINEIGHT Team
EUREX:FDAX1!Short
by Fineight
DAX analysis for 15.4.2020Hello traders! Yesterday I shot a video about drawing support and resistance levels on EUREX:FDAX1! and I mentioned that I am going to be looking for some long trades from the support at 10 500 EUR. Today after opening the price went down and now is bouncing from this level. I entered with a part of my position and I am waiting for a confirmation to enter with the rest. I am expecting the price to go higher today and in the longer term, we should be hitting the high from March 10 and filling the gap above. Stay tuned for more updates. Have a nice day! FINEIGHT Team
EUREX:FDAX1!Long
by Fineight
DAX analysis for 9.4.2020Hello, yesterday EUREX:FDAX1! tried to go lower several times during European session. Sellers were more aggressive than buyers as you can see from the chart. When the price was going down, the movement was much faster than when it was coming back up. But eventually they were not able to break the pre-market low and the price went higher in the late afternoon. Today DAX might continue to grow, so we are going to be looking at some lower time frame confirmation and opportunity to get in. Have a nice day! FINEIGHT Team
EUREX:FDAX1!Long
by Fineight
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 analysis for 3.4.2020Good morning, traders! yesterday we were expecting some drop on EUREX:FDAX1! , the price was very lazy in the morning but eventually we got about 220 pips drop. Nevertheless sellers were not strong enough to break yesterday's low and the price came back up. The day closed as an inside day to the previous one. What does that tell us? There were no new information in the market yesterday which would move the price in any direction. Therefor today the same prediction is still valid. We are aiming for short unless the key rezistence of Wednesday's high is broken. If that happens, we stay in range and can start to look for long opportunities. Have a nice Friday and trade with patience. FINEIGHT team
EUREX:FDAX1!Short
by Fineight