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GER40 trade ideas

DAX Near Term Support AreaShort Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave 2 pullback subdivided into a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 16448.71 and wave ((x)) rally ended at 16839.49. Wave ((y)) lower subdivided into a zigzag like the 30 minutes chart below shows. Down from wave ((x)), wave (a) ended at 16542.99 and wave (b) ended at 16752.24. Wave (c) lower ended at 16348.28 which completed wave ((y)) of 2 in higher degree. Index has resumed higher in wave 3. Up from wave 2, wave (i) ended at 16705.49 and wave (ii) ended at 16607.72. Wave (iii) higher ended at 16967.72 and pullback in wave (iv) ended at 16860.05. Wave (v) higher ended at 16999.58 which completed wave ((i)) in higher degree. Pullback in wave ((ii)) is in progress as a double three Elliott Wave structure. Down from wave ((i)), wave (w) ended at 16825.43 and wave (x) ended at 16915.92. Expect wave (y) to extend lower to reach 16644.48 – 16747.95 area to complete wave (y) of ((ii)). Near term, as far as pivot at 16348.28 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
XETR:DAX
by Elliottwave-Forecast
1
Ger30Ger30 was on its higher higher point which the point was 16990 and remember it was never been on that point before since in history of ger30 chart!!.. Looking at my analysis Ger30 it's trying to pull back which our entry is going to be on (16928.93.) Our 1st to will be on 16834.49 then we will be heading to our second tp will be at point (16781.87) then when it hits that the second tp we will be heading to tp (16518.01) Let's have a great trading a profitable week
G
by the_fx_junkie
Weekly Technical Analysis 29/01/2024Start 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. ---------------------------------------------------------------------------- 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 in the impulse phase of a bullish trend, with its current price positioning above the 20-period VWAP of 16,673. The index finds its support at 16,404 and faces resistance near 16,942. The RSI stands at 62, indicating a strong upward momentum. UK 100 is in a potential reversal of a bearish trend, with the price breaking back above a declining 20-period VWAP of 7,556.. The index has its support level at 7,394.4 and resistance at 7,718.4. The RSI is noted at 57, suggesting a potential for further downside within the mark-up phase, indicating early signs of weakness. Wall Street is in an impulsive phase of a bullish trend, indicated by its price well above the 20-period VWAP of 37,647. The support for this index is at 37,136, with resistance slightly above the current price at 38,157. The RSI is at 65, pointing towards strong bullish momentum without yet getting overbought. Brent Crude is in the impulsive phase of a bullish trend, with its price well above the 20-period VWAP of 79.03. It has established support at 74.65 and is testing resistance at 83.30, closely matching its current price. The RSI is at 66, indicating bullish momentum, suggesting continued upward price movement. Gold is in a corrective phase of a bearish trend with its price just below the 20-period VWAP of 2,030. The support level is set at 2,007, with resistance at 2,053. The RSI at 48 indicates a neutral momentum, suggesting that the market might be gathering strength for a potential directional move. EUR/USD is showing a bearish trend, with the price below the 20-period VWAP of 1.0904. The support is found at 1.0813, and resistance is at 1.0995. The RSI at 39 indicates a lack of strong momentum but leans towards a bearish bias. GBP/USD presents a neutral trend, hovering around the 20-period VWAP of 1.2708. The support and resistance levels are closely set at 1.2652 and 1.2768, respectively. The RSI is at 51, indicating a balanced market condition, suggesting uncertainty and lack of a clear directional trend. USD/JPY is in the impulsive phase of a bullish trend, with its price above the 20-period VWAP of 146.64. The support level is at 143.54, with resistance at 149.73. The RSI is at 63, suggesting strong bullish momentum, indicating the potential for continued upward movement.
SPREADEX:GDAXI
by Spreadex
Will DAX find buyers at 78.6% pullback?DE30EUR - 24h expiry Price action continues to trade around the all-time highs. The primary trend remains bullish. We look to buy dips. 20 4hour EMA is at 16865. Levels close to the 78.6% pullback level of 16863 found buyers. We look to Buy at 16865 (stop at 16785) Our profit targets will be 17065 and 17125 Resistance: 16970 / 17004 / 17100 Support: 16890 / 16800 / 16750 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
a weekly price action market recap and outlook - daxGood morning and i hope you are well. This week bulls took over again and nasdaq e-mini futures printed a new all time high. After last Thursday and Friday, which gave good looking buy signals, this weeks follow through was expected. As mentioned during the week, i don’t expect much higher prices and that we will form a top here before we trade down over the next months. That does not mean, that markets can’t make higher highs. I just think the probability of that is low. That’s why i started taking longer term short positions in dax and nasdaq, to which i will add higher and take profits when appropriate. dax Quote from last weeks outlook: Let’s talk bull case first: Bears could not produce lower prices or big consecutive bear days below the 20ema. Bear channel held and bulls just bough everything under 16700. Bears tried 3 times and now they will probably give up to short higher again. Thursday and Friday printed consecutive bull bars and it’s a buy signal. They want a retest of the ath or at least trade back to upper channel lines. Market did exactly that and we even broke above the bear trend line. I still think this is a trading range and two legged moves are common. We might retest the previous January high at 17123 and depending of the strength of that, could also retest the ath but i highly doubt we can break it. Highest odds for me are that this is a lower high and i just have to adjust the bear trend line. For next week i expect a weaker overall (if earnings do not surprise upwards big time) market and bears trying to print lower lows. If the bears are strong, we could trade back to the lower bear trend line at around 16200. Everything below would be a surprise, as well as prices above 17200. outlook last week: “probably up“ → good outlook, was good for 300 points short term: sideways to down medium-long term: down - what would change that? two consecutive daily closes above 17300
EASYMARKETS:DAXEURShort
by priceactiontds