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Dax daily: 11 Sep 2019The Dax tested the support 12 199, however the breakout of this level failed. From there, we continued upward in the already established uptrend. The resistance 12 258 has been breached, where we saw a slight reaction from sellers. The session ended in an up-session at 12 290. Important zones Resistance: 12 425 Support: 12 259, 12 199 Statistics for today Detailed statistics in the Statistical Application Today's session hypothesis Today's session started with a gap of the size 35 points. According to our Statistical Application, this gap has a high closing probability. This is our first indication that we could expect a decline in price. However, the statistical application also states that a break of yesterday's low is rather unlikely with only 11%. This is good information for buyers. If we do see higher prices, the next resistance is at 12 425, which allows a lot of room for an up-move.
EUREX:FDAX1!Long
by FTMO
Dax daily: 10 Sep 2019The daily range was yesterday again a lot smaller than is the average = 62 points. The normal daily range is around 110 points. Due to the small range, Dax did not test any of our SR levels. Dax also did not close the gap and today we are opening in the range of Monday and the gap was already closed. Important zones Resistance: 12 281 Support: 12 032, 12 139 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases / Today's session hypothesis Today we might find sellers and start moving towards the support at 12 139, where we might find buyers. If this happens, it is more likely that we will slow down and close in the range of Monday. If we move up we can find sellers at 12 281, which is just 80 points above us.
EUREX:FDAX1!
by FTMO
Dax daily: 27 Aug 2019 Monday's session started with a sharp upside move. As expected, sellers entered the market at our resistance level of 11 611 to correct the uprun, but not for long. The same scenario occurred once more at the following resistance zone of 11 645 which also didn't have long lasting. The 11 611 zone functioned as the support for another bullish push towards the end of the intraday session. Important zones Resistance: 11 707 Support: 11 561 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's high is 83% The statistical probability of closing outside of yesterday's session is 83% Macroeconomic releases NIL Today's session hypothesis Today we have a strong statistical probability of breaking yesterday's high. Right above this level, we have a nice resistance zone at 11 707 where we may anticipate seeing some bearish correction. Nevertheless, there is another strong card for the bullish sentiment as the statistics suggest the price is likely to close outside of yesterday's range. As always, we advise all traders to be vigilant and have a clear trade plan.
EUREX:FDAX1!Long
by FTMO
Dax daily: 23 Aug 2019 Our yesterday's analysis turned out absolutely successful. Dax bounced from our mentioned trendline, broken Wednesday'shigh and then returned to Wednesday's range, which had a statistical probability of 77%. Today we open with an ascending gap. Important zones Resistance: 11 899 Support: 11 759 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases USA - Jackson Hole Symposium Today's session hypothesis We could see some sellers from the beginning of the session taking Dax towards the support zone of 11 759 and see the correction towards 11 899 which is just a stone throw away. Before we break yesterday's high and iIf 11 759 doesn't hold the price, then the bearish target is at 11 630.
EUREX:FDAX1!
by FTMO
1
Dax daily: 21 Aug 2019 Tuesday's session was a bit odd from our point of view. Dax initially descended to our support at 11 646, but rather than bullish correction we hoped for, price action rather slowed down. Dax then closed near it's intraday low and today we open with an ascending gap. Important zones Resistance: 11 691 Support: 11 560 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's low is 96% Macroeconomic releases NIL Today's session hypothesis Considering the very high probability for breaking yesterday's low, then all our short trades have a clear target. If yesterday's low gets broken, we can estimate a faster move towards 11 560 which is a really nice support level. Sellers are likely to step in around 11 691. Should Dax break yesterday's high, then the short hypothesis becomes invalid as the statistics suggest the breakout of both swings is as low as 7% only.
EUREX:FDAX1!Short
by FTMO
Dax daily: 20 Aug 2019 Monday's session turned out as per our expectations. Although there was no short to capitalize on, one of our hypothesis was the significance of trend-line to support bullish traders. The resistance at 11 723 slowed down the price incline but no big short correction was seen. Today we open with a small ascending gap, which has a 60% probability of closing. Important zones Resistance: 11 899, 11 723 Support: 11 646 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing outside of yesterday's range is 71% Macroeconomic releases NIL Today's session hypothesis For today, we again expect the initial drop towards 11 646 where we hope to find buyers and finally start heading towards 11 899. If Dax goes below yesterday's low, it is likely we see a faster continuation towards 11 560 which might be another attractive zone for bull traders. If bullish momentum prevails right from the beginning of the session, then the first logical target is the high swing at 11 829 and then 11 899.
EUREX:FDAX1!
by FTMO
Dax daily: 13 Aug 2019 Monday's session brought the initial short which broke our trend line. After breaking yesterday's low, buyers stepped in to retest the trendline just to allow bears to take it lower again. The price was then closed near its intraday low. Important zones Resistance: 11 899, 12 031 Support: NIL Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's low is 83% Macroeconomic releases 11:00 CEST - German ZEW Economic Sentiment Today's session hypothesis Today we expect a breakout of yesterday's low which has a good chance as per the statistics. Our short trades then have a clear target. We can find sellers around the trend line from yesterday. Considering the low at 11 538 has been retested thrice already, it is now likely to see a breakout with a further downside continuation. In case buyers take control after the low breakout, it is more probable the price will oscillate inside yesterday's session.
EUREX:FDAX1!Short
by FTMO
Dax daily: 07 Aug 2019 Yesterday's session was a bit odd. Dax behaved lazily all day long and has broken neither low or high of the previous day. The support level at 11 615 hasn't functioned either. The price opened with a small descending gap today which is already closed by the time we write this. Important zones Resistance: 11 702, 11 845, 11 899, 12 031 Support: NIL Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax has slowed down significantly after a big drop from 25 July. In the ideal scenario, we could see a correction towards 12 031 in the upcoming days with smaller corrections at the mentioned resistance levels. For today, we don't have any drivers or significant clues for the market direction estimation. There is a near resistance at 11 702 which could trigger some action of sellers. Besides, we can expect a lazier price action once again.
EUREX:FDAX1!
by FTMO
Dax daily: 02 Aug 2019 Bulls were fast yesterday to take the central stage right from the beginning. The uptrend was steady with slight corrections on the way. Their efforts were halted by US President Trump and his flash Tweets which sent global markets to a hole, Dax inclusive. The session was closed lower at 12 065. Important zones Resistance: 12 283 Support: 11 979 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 14:30 CEST - USA - NFP, Wages & Unemployment Rate Today's session hypothesis Today's session will probably be characterized mainly by the Non-Farm Payrolls release over the pond. The volatility from the US Markets often echoes to Dax too. Besides the headline NFP, be careful to monitor the wages as these tend to matter most. Today's session was opened with a 60 points gap which actually has a very low probability of being closed. Considering this, we rather favour bears and the price decline. Yesterday's low was already broken and the next support that awaits us lays at 11 979 which also isn't any far.
EUREX:FDAX1!Short
by FTMO
Dax daily: 31 Jul 2019 We welcome you by the last DAX analysis of the month. We expected a downside yesterday with lazy price action. It was pretty clear shortly after the open that the volatility was beyond laziness. The price sliced through the support of 12 368 like a knife and within two hours, Dax stretched its range to some 170 points. Today we open with an ascending gap. Important zones Resistance: 12 284, 12 195 Support: NIL Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's low is 83% Macroeconomic releases USA - 20:00 CEST - Federal Funds Rate + FOMC Statement USA - 20:30 CEST - FOMC Press Conference Today's session hypothesis We have a high probability of breaking yesterday's low and therefore all our short trades have a clearly defined target. Another good key for today's price estimation is the increased probability of Dax closing inside yesterday's range. Sellers could step in around 12 195, if not sooner. Some bullish powers can be anticipated after yesterday's low breakout.
EUREX:FDAX1!
by FTMO
Dax daily: 30 Jul 2019 Exactly as we predicted yesterday, the statistics proved their strengths yet again. We couldn't be happier as these historical calculations have huge success! Dax broke through Friday's high, which had a probability of 87% and therefore we've labelled the analysis with a bullish bias. After the high was broken, sellers corrected the price action just to hand over the momentum for another daily uptrend. The price then closed midway its intraday range. Important zones Resistance: 12 480 Support: 12 368 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened with a small ascending gap which is already closed at the time we write this. The session today seems to be a slow one, the price is in the consolidation area. From our point of view, today's chances are equal for long & short. Nevertheless, sellers rejected the first resistance at 12 464 yesterday so we rather incline to favour shorting. Buyers could appear around 12 368 right after the retest of yesterday's low and sellers could be sound at the known resistance of 12 480.
EUREX:FDAX1!
by FTMO
Dax daily: 18 Jul 2019 Yesterday's session was exemplary from the price action point of view. The descending trend line functioned as a resistance and the price bounced off that level. Bears were aggressive enough to create a strong momentum, pushing Dax lower till the session end. This strongly negative day was closed at 12 294. Important zones Resistance: 12 293, trend line Support: 12 189 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis This morning, Dax opened with a descending gap which is sized 94 points. No surprise that yesterday's bearish momentum prevailed and the priced gapped in the same direction. The probability of closing the gap today is relatively small. Although the price dropped down to touch the support zone of 12 189, it doesn't necessarily mean Dax can't continue even lower. We estimate the initial correction of yesterday's downfall followed by another bearish action.
EUREX:FDAX1!Short
by FTMO
Dax daily: 16 Jul 2019 Monday's session started wild and many traders were facing problems with unexpected volatility. Dax first spiked upwards quite prudently, just to correct itself soon after. If you remember, we suggested not to trade yesterday as the price development was unpredictable. Good to those who took a break. Dax also broke both Friday's low and high, which had a very low probability. Today we open with a smaller descending gap. Important zones Resistance: 12494 Support: 12 350 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 11:00 CEST - German ZEW Economic sentiment Today's session hypothesis Today we can expect the breakout of yesterday's high, which has a slightly increased statistical probability of 64% and then we'll await the retest of resistance zone at 12 494 and closing outside of yesterday's range. We hope to find buyers around 12 350 which is an intraday support level from yesterday. Should the price break yesterday's high and return right into a Monday's range, it is likely Dax will slow down and oscillate.
EUREX:FDAX1!
by FTMO
Dax daily: 15 Jul 2019 Friday's price action ended prematurely, soon after the session opened and Dax fell by some 80 points. Following was a sideway movement and closing in the middle of the intra-day range. Today we open with an ascending gap which might soon be closed. Important zones Resistance: NIL Support: 12 277 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's analysis will be slightly plain as Dax doesn't provide many clues for any further development. There is one notable support level nearby and this is laying at 12 277. There is no resistance to pinpoint, statistics idle and the price action is dull too. We wish you all a good start to this trading week and be safe in the markets.
EUREX:FDAX1!
by FTMO
Dax daily: 11 Jul 2019 Wednesday's session was interesting too. Dax first started to descend towards our support at 12 326. shortly before this level, bulls took control and the price shot aggressively up. After a prudent upside move, Dax dropped again slowed down significantly. The statistical probability of closing inside the previous day range was also fulfilled successfully. The price opens with an ascending gap today. Important zones Resistance: 12 500 Support: 12 378, 12 328 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases United Kingdom - a row of news streaming throughout the London session (ref eco calendar ) Today's session hypothesis The initial price action of the session could offer the gap closure and finding some buyers. Should the price descend below yesterday's low and bulls appear around 12 328, then the breakout probability of yesterday's high is not on the table any more. Should bulls prove their strength right at 12 378, then the clear target lays in the form of an untested gap at 12 500. Beware of today's news from the UK and the CPI form the USA. Although this hardly has any effect, a big deviation could bring some volatility for Dax too.
EUREX:FDAX1!
by FTMO
Dax daily: 10 Jul 2019 Yesterday's session turned out to follow our hypothesis only partially. Dax started its decline towards 12 391, but buyers didn't use this level to enter the market. Following was a descend towards the second support zone in a row, laying at 12 326, yet this price wasn't reached and Dax reversed upwards. In the end, Dax closed approximately in the middle of its range. The support level of 12 391 functioned properly after a pullback at 2:30pm. Important zones Resistance: 12 500 Support: 12 326 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases USA - 20:00 CEST - FOMC Meeting Minutes Today's session hypothesis Today we have a very high statistical probability for closing the gap. We could also expect the resistance at 12 500 being retested and attracting sellers. Yesterday's high breakout has a probability of 64% . Another nice zone nearby is the support level at 12 326 where we might see a bullish correction. Also, we have a higher probability of 77% for closing inside yesterday's range.
EUREX:FDAX1!
by FTMO
Dax daily: 09 Jul 2019 Yesterday's session was very nice from our point of view. As we highlighted, Dax first went up to close the gap at the resistance level of 12 564. The price then reversed exemplarily and the high intra-day swing was formed as well. Today, Dax opens with a descending gap and so far, the momentum indicates the retest of the support level laying at 12 391. Important zones Resistance: 12 504 Support: 12 391, 12 329 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Right now, we are in the gap territory formed between 28 Jun and 01 Jul. For this reason, we anticipate a move towards 12 391 where we could find some buyers. If the support level of 12 391 doesn't hold bearish momentum, then another suitable buy zone is at 12 326. On the other hand, if bulls dominate the market from the beginning, it is likely the price will bounce off the 12 504 for some nice correction. If that doesn't happen, the probability of breaking yesterday's high is still least likely, with only 9% chance of this happening.
EUREX:FDAX1!
by FTMO
Dax daily: 08 Jul 2019 Welcome to the first session analysis of a new week. Friday's price action has been quite fruitful. For a major session duration, Dax was dropping towards a consolidation zone from 02 July, where we found buyers and the price closed somewhere mid-range session trading. The US NFP was released at 14:30, but besides one volatile candle, no major reaction was seen. Today, the price opens with a significant short gap. Important zones Resistance: 12 564, 12 607 Support: 12 391 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today we could see the price ascending and closing the gap at 12 564. On this level, reversal or correction is very likely. Our major target in the upcoming days is very clear and this is the retest of the unclosed gap laying at 12 391. Should the price go below 12 469, it is likely the downside momentum might accelerate. If we don't see aggressive sellers at 12 564, we might rather see a slow-down inside Friday's range.
EUREX:FDAX1!Long
by FTMO
1
Dax daily: 04 Jul 2019 Welcome to the last analysis of this week. Tomorrow's analysis will be skipped due to a national holiday. Yesterday's statistics for breaking Tuesday's high was successfully passed. Dax rose all day and closed near its intra-day high. Today, we open with a smaller descending gap. Important zones Resistance: NIL Support: 12 597, 12 543 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's high is 90% Macroeconomic releases USA - National holiday of Independence day Today's session hypothesis Today's plan is pretty straight forward. Just as yesterday, we have an increased statistical probability of breaking yesterday's high, hence all the trades have a clear target. We could find some buyers at 12 597 or even lower at 12 543. In case bulls are aggressive enough, it is likely they will start aiming higher right from the beginning of the session.
EUREX:FDAX1!Long
by FTMO
Dax daily: 02 Jul 2019 The resistance zone at 12 601 we mentioned yesterday turned out to function perfectly. After retesting the 12 601 level, Dax went sloping down. The weekend gap has been filled from it's third only and today the price opens without a gap. Important zones Resistance: NIL Support: 12 385, 12 428, 12 508 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis There are quite a few support zones today, yet no resistance. The magnet on the lower prices is still 12 385. On the way down, buyers could enter around 12 428 and 12 385. The support zone at 12 508 could function as a bumper to head for further higher levels. At 12 428, we might see a correction, whereas the 12 385 level might function as a reversal signal. Thanks to a good distance towards 12 385, this hypothesis can be a multiple-day plan.
EUREX:FDAX1!
by FTMO