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GER40 trade ideas

DAX40 ANALYSIS**DAX 40 ANALYSIS** ***Structure*** The 1 hour chart is quite clear in my opinion, the bullish trend is proceeding nicely and steady, with a few drops here and there that only constitute great opportunities to go long once again. ***Liquidity*** Price has now formed the dynamic liquidity trendline below the lows, it’s been a while since price has taken out some liquidity to fuel future movements and is quite clear how slower the trend is getting. The tank is almost empty, I think it’s time to drop now to take out some of the lows created in the past few days to fuel the next bullish movement. ***Demand*** we have 2 clear levels marked on our chart, the yellow zone and the gray zone. They’re both great levels in my opinion, the aggressive of course would grant you a better risk to reward, but price may never come that deep. The aggressive area looks more interesting in my eyes, but as usual, I will be waiting for confirmation on the 5 min chart, I’m talking about the usual trigger (bullish break, liquidity grab). ***Positioning*** In case you try the aggressive zone ( entry price at: 16864.0) the stop should be placed right below the demand zone, at 16829.0. Whilst if you want to wait for the more conservative zone, placed in the 16800.0 area, the stop should be placed below the lows, at 16729.0. ***Targets*** As usual, we take partials and move to breakeven once our trade reaches the 1:3 Risk to Reward, then we can leave it running to test the local highs at 17150.0 @everyone
GLong
by WILDFOXES_TRADING
German40 time to go time For a long time smart money has been waiting to take out the 17000 liquidity zone. Went in, and was rejected by a long body wick on the 1H time frame. Today it reached new highs at 17050. There is nothing neither technically, or fundamentally that should keep the index going up. Earnings season is over. Germany farmers are protesting. Inflation is high. Geopolitical tention continues to go up evey day. Entered short term with SL 50 pips above the shadow of the wick and short term take profit. RR 1:10
CAPITALCOM:DE40Short
by SMIdeas
DAX to follow the US positive price action?GER40 - 24h expiry Price action resulted in a new all-time high at 17066. There is no clear indication that the upward move is coming to an end. Our outlook is bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 16966. The measured move target is 17184. We look to Buy at 16970 (stop at 16890) Our profit targets will be 17170 and 17250 Resistance: 17066 / 17100 / 17200 Support: 17000 / 16930 / 16850 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.
OANDA:DE30EURLong
by OANDA
2
GER40 In A Strong Bullish TrendGER40 In A Strong Bullish Trend GER40 keeps rising and now it is creating a new all-time higher again. The bullish trend is very strong and it looks unstoppable. After the price broke out from the big pattern it proved that we had very strong bullish volume positioned near 16800 and now the price is only rising. It is normal to move slowly at these zones but we can see it rising even more. For the moment I am focused on 17300 as a maximum move. After that we have to see what will happen again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
PEPPERSTONE:GER40Long
by KlejdiCuni
a daily price action after hour update - daxGood evening and i hope you are well. Today markets tricked many traders into strong moves in a weak environment. The move’s seem like they will break out of the range but they fail at resistance over and over again. It’s a neutral market where buyers and sellers agree on the middle of the range as the fair price. You have to play the range until there is a clear breakout or you don’t trade at all. dax Groundhogs day. Bears tried and bulls bought it. Bears stepped aside enough then to let Dax print a new high for the year. Biggest question right now is this: Was the move today strong enough for another leg up and a new ath? I doubt it but i think it’s higher probability than trading below 16800. bull case: Bulls are still in BTFD mode and they made a new high for 2024. A measured move target from today’s move would bring us above 17300 and i think this is more probable than bears showing strength and bringing this below 16800. 16950 is big support and at least a retest of the ath at 17199 is my base case. bear case: Bears see it as a double top with the January high at 17120. They want to continue inside the range 16950 - 17100 but they are weak and quick to take profits. Until bulls stop with BTFD, you should not bet on a bear breakout below given range. I still think my thesis for the blow off top and a quick drop is valid and the next bear cycle can begin. short term: sideways to up medium-long term: Down - what would change that? two consecutive daily closes above 17300. adding to long term shorts here at the highs trade of the day: BTFD. I hate repeating it but market currently does exactly the same
EASYMARKETS:DAXEURLong
by priceactiontds
The continuation of the trend is likelyDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
FX:GER30Long
by mehdi47abbasi79
Weekly Technical Analysis 05/02/2024Start your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP. Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves. Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). --------------------------------------------------------------------------- Analysis Germany 40 is currently in the impulsive phase of a bullish trend, with the price above its 20-period VWAP of 16,754. The index finds support at 16,417 and faces resistance near 17,091. The RSI stands at 57, indicating a positive momentum but not yet overbought. UK 100 is navigating from bearish to bullish conditions after a big impulsive move higher, with its price positioned well above the down-sloping 20-period VWAP of 7,560.4. The index's support level is at 7,411.3, with resistance at 7,709.5. The RSI is at 54, suggesting a moderate bullish momentum. Wall Street is in the impulsive phase of a bullish trend, highlighted by its price well above the 20-period VWAP of 37,921. The support for this index is at 37,064, with resistance at 38,778. The RSI is at 66, pointing towards strong bullish momentum without reaching overbought territory. Brent Crude is in the impulsive phase of a bearish trend, with its price below the 20-period VWAP of 79.48. The support level is at 75.33, with resistance near its current price at 83.64. The RSI is at 41, indicating bearish momentum with potential for further downside. Gold is also in the corrective phase of a neutral trend, with its price slightly below the 20-period VWAP of 2,032. The support level is at 2,007, with resistance at 2,056. The RSI at 45 indicates a neutral to bearish momentum, suggesting the market is assessing direction. EUR/USD is experiencing the impulsive phase in a bearish trend, with the price below the 20-period VWAP of 1.0862. The support is at 1.0764, with resistance at 1.09601. The RSI at 34 indicates a strong bearish bias, suggesting potential for further declines. GBP/USD is breaking lower from a neutral trend in a new impulsive move, with the price below the 20-period VWAP of 1.2691. Support is found at 1.2612, with resistance at 1.2769. The RSI at 38 suggests a bearish outlook, with room for downward movement. USD/JPY is in the impulsive phase of a bullish trend, with its price above the 20-period VWAP of 147.45. The support level is at 145.64, with resistance at 149.27. The RSI is at 63, indicating strong bullish momentum and potential for continued upward trend.
SPREADEX:GDAXI
by Spreadex
DAX wakes up and starts the week with a joltThe DAX index wakes up to extremely negative German export data , while the German trade balance for December benefits from Christmas orders. Crucial data is expected this morning: the January PMI in Germany (slight decline expected) and in the Eurozone (expected to remain unchanged). In addition, UK and US PMI could impact the day. From a technical point of view, the index has formed a bullish shift in the 1-4 hour range since January 17 , anticipating a rebound towards the mid-zone in the direction of 17.022. However, a bearish impact could trigger a bearish breakout looking for 16,345. The key area for the index this month is 17,034 points, having already experienced three previous bounces and becoming the area to beat during this month to see a clear continuation in the channel. If so, it could already head towards 17335, or break once, and again the bullish milestones obtained so far in a strong correction towards 15935. This week is not expected to be as relevant, and the market is relatively bullish on the index, which has been at its highs since its Christmas rally. On Friday, a cross of averages occurred, marking the positive signal of the 34-day averages crossing over the 84-day averages, indicating optimism, although the crossing with the 233-day average is not expected yet, so a continuation is foreseeable. The RSI divergence indicator suggests a move towards overbought, indicating a possible continuation. The opening of the US market will be crucial, as the fluctuation of the dollar can significantly affect the index. Ion Jauregui - AT Analyst The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
GLong
by ActivTrades