SHORT DAXThis move feels very exhausted, i anticipate a top soon. Will add the the position as and if it goes higherShortby AssimMahmoodUpdated 161610
Spicy trade on a longMore than try can we not do, Maybe or maybe not. I haven't had a trade in a long time And the development seems very fitting to me for a short ter m Long positionLongby ralffritz21111
DAX continues to break into new all time highs.GER40 - 24h expiry Price action resulted in a new all-time high at 16823. There is no indication that the rally is coming to an end. Yesterday's Marabuzo is located at 16715. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 16715 (stop at 16615) Our profit targets will be 16965 and 17025 Resistance: 16823 / 16900 / 17000 Support: 16767 / 16700 / 16650 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. Longby OANDA3
GER30We are looking for buying opportunities as we are inside a bullish rising expanding wedge resulting in buysGLongby officialpotego_fx1
GER 40 TECHNICAL ANALYSIS 11/12/2023-15/12/2023The Index is currently trading in an uptrend parallel channel, and momentum also indicate that the bulls are still in control of the market, so the interesting thing is are we going to see a pullback to level around 16500.00 level for us to get into the trade or the index will still go up. A deep pullback to around 16000.00 will still provide good entry levels for one to get into the trade, Will wait and see what is going to happen. Gby juniormoseki11
GER30 - Bullish ChannelWhat goes up must come down eventually. There is a Divergence in the MACD indicator implying a slowing of price momentum but these can continue for a extended period in the case of strong trends. Patience is always rewarded in trading so wait for confirmation of a reversal before fighting against the Bullish TrendGby fugutrader3
DAX Elliott Wave Analysis for Monday 11/12/2023 (+ HTF)In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. 15:50by AndyCuckoo115
DAX broke the key Horizontal level of 16,416 And the index is trDAX broke the key Horizontal level of 16,416 And the index is trading in an Uptrend so I am bullish biased And I think we will see Some further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby Double_RR3
DAX Will Grow! Buy! Hello,Traders! DAX broke the key Horizontal level of 16,416 And the index is trading in an Uptrend so I am bullish biased And I think we will see Some further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals118
DAX Elliott Wave Analysis for Friday 08/12/2023In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle.08:23by AndyCuckoo2
Market Profile (TPO)Key level to use on a market profile (TPO). Same levels can be used across daily, weekly, monthly profilesEducationby ElGore181
DAX CEEPS CLIMING AMONG UNIMPRESSIVE ECONOMIC DATA European stock markets rallied today amid indications that major central banks might have concluded their tightening cycle. The DAX index in Germany edged up by 0.1%, fueled by growing investor optimism about the European Central Bank's pause on interest rate hikes despite bleak economic data. The Eurozone faces a potential recession in the last quarter of the year, with German factory orders plummeting by 3.7% in October. As consumers grapple with high interest rates and prices, European retail sales are expected to rise marginally by 0.2% on the month, showing an annual drop of 1.1%. ECB's Isabel Schnabel's comments hint at a halt to rate hikes, triggering a decline in the euro against the dollar. Speculation on impending rate cuts has propelled the DAX to record highs. The uncertain market awaits the Fed's meeting next week and the ECB's final rate decision, crucial factors in determining the EUR/USD's next move. For now, a dovish Fed or an upturn in European data could signal a potential turnaround for EUR/USD bulls. On the technical side, MACD is still showing Buy signals, while RSI is deep into overbought territory. If the price continues to climb, it might reach levels of 16880, but if it drops, it might fall to the support level of 16277. As a pivot point might be considered 16493 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses. by legacyFXofficial1
DAX's new All Time High sends a message to indices globallyDAX hit a new All Time High level, leading world stock indices on this rally and sending a clear message to markets globally: This rally has only just started. As you see on this 1M (monthly) time-frame, with the obvious exception of the COVID crash anomaly (Black Swan event), the index has been trading within a very stable Channel Up pattern since the start of the 2008 crisis. The 1M MA200 (orange trend-line) has been the absolute Support during this time, holding even during the COVID market crash. The recent November rally after October's bottom on a 3 month straight decline, is completing a very rare but powerful bullish signal that has only happened another 3 times during this 16-year pattern (5 if we count smaller occasions). As you can see, every time the index broke above a dashed Lower Highs trend-line of a correction wave, it then pulled-back to test it and after it held, it initiated a strong and lengthy rally. There have been two major Highs on this Channel Up pattern, and those are displayed perfectly on the Sine Waves peaks (April 2015, January 2022). Both have been exactly on the 2.0 Fibonacci extension since the first correction following a market High (July 2007, April 2015). Those occasions that are matched with the current rebound more accurately based on the 1M RSI are marked with a blue circle. The minimum % rise that those 5 events have delivered is the +22.10% of February 2020, which of course could have been higher if it wasn't cut short by the COVID crash. In any case a +22.10% rise from the October 2023 Low would match perfectly the top of the Channel Up and will make a technical Higher High for the pattern. As a result, our target is 17800 on DAX. What the blue-print of the Sine Waves show though for long term investors is that the Cyclical Peak therefore target around the end of 2028 - beginning 2029 is 20500. Those that patiently wait for corrections to take advantage of and buy, will get rewarded based on this historic behavioral pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot12
DAX Elliott Wave Analysis for Wednesday 06/12/2023In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle. 15:09by AndyCuckoo6
Germany 40Germany 40, also known as the DAX 40, is a stock market index that represents the performance of the 40 largest and most liquid companies listed on the Frankfurt Stock Exchange. It's often used as a benchmark for the German stock market and provides insights into the overall economic health of Germany. Shortby Tradonaut7
DAX Elliott Wave Analysis for Monday 04/12/2023 (+ HTF)In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low can be in after a triple three correction or an expanded flat. As long as we do not take out the 31/07/23 high, there is still a possibility that we will have an expanded flat trap. The impulse we are seeing from the October low is then a wave C. 16:12by AndyCuckoo7
DE30 AB=CDThe DE30 has completed an AB=CD pattern on its daily chart, and it's currently trading above the 14,942.5 level. The anticipated target for this pattern is 15,648.2.Longby TradeChartPatternsLikeTheProsUpdated 12
DAX: Approaching the All Time High for a low risk short.DAX has turned vastly overbought on the 1D timeframe (RSI = 80.023, MACD = 247.400, ADX = 61.180) with the 1D RSI reaching the highest levels since April 5th 2021. It is fast approaching R2 (16,535) which is the index' All Time High, technically a low risk short opportunity. We are looking to take it on next week's opening and target the 1D MA200-0.382 Fibonacci band (TP = 15,800). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope15
GER40 - MACD Divergence PullbackDivergence indicate potential of pullback from recent bullish runup. by fugutrader3
✅DAX BEARISH SETUP|SHORT🔥 ✅DAX is going up now But a strong resistance level is ahead at 16,500 Thus I am expecting a pullback And a move down towards the target at 16,200 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx116
DAX Will Open Elliott Wave Bullish Sequence SoonTVC:DEU40 cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.29.2022 low, wave (1) ended at 16528.97 and dips in wave (2) ended at 14630.21. The Index extends higher again in wave (3). It still needs to break above wave (1) at 16528.97 to validate this view and opens up a bullish sequence. The 1 hour chart below shows the wave (2) pullback at 14630 and the subsequent rally higher. Up from wave (2), wave 1 ended at 14933.69 and dips in wave 2 ended at 14655.08. The Index is then nesting to the upside in wave 3. Up from wave 2, wave ((i)) ended at 15364.49 and pullback in wave ((ii)) ended at 15171.58. Index then extended higher in wave ((iii)) towards 16041.17 and wave ((iv)) pullback ended at 15915.4. Expect the Index to extend higher in wave ((v)) to complete wave 3. It then should pullback in wave 4 and extends higher again afterwards in wave 5. Near term, as far as pivot at 15167.95 low stays intact, expect the Index to extend higher. Once wave 5 is done, it should complete wave (3) in higher degree.by Elliottwave-Forecast2