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DAX: Overbought and in need of a technical correction.DAX is almost overbought on the 1D timeframe (RSI = 69.159, MACD = 322.400, ADX = 30.730) and heavily on the 1W (RSI = 76.198), which suggests that the long term trend is massively bullish but on the short term a pull back below the 1D MA50 is needed in order to harmonize the supply and demand equilibrium. The index has already been rejected at the top of the HH Zone, which is a first sign for a potential pullback. Even though in the first two quarters of 2023 it spent considerable time inside this Zone before making a correction (even under the 1D MA200), this time the 'necessity' for a short term correction is greater. We are aiming for the pattern minimum of -6.42% (TP = 17,450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Short
by InvestingScope
Is the market turning bearish?📊 In the four-hour time frame, due to the decrease in the upward movement momentum of the price, if the upward movement trend of the price is broken and the price stabilizes below the range of 18,250 units, there is a possibility of the price falling to the range of 18,150 units🎯, and in case of strength, there is a possibility of the range of 18,000 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 18600 units.
XETR:DAXShort
by arongroups
DAX It starts on the back of German dataEuropean stock markets have started the quarter with positive momentum, highlighting the focus on German inflation data that could influence the European Central Bank's next decision. Germany's economic performance is usually a key indicator for the eurozone as a whole. The return of investors to the market after the Easter holidays has contributed to the moderate rise of the indices, especially in sectors such as technology, insurance and banking have reported good figures. As an example, the DAX (Ticker AT: GER40) has experienced a 0.3% increase, with expectations on consumer price data to be released today at noon, an increase of 2.2% y-o-y is anticipated compared to 2.5% in the previous month. The German economy is considered the inflation barometer for the Eurozone, and this Wednesday we may hear from the ECB on what will happen to inflation. From a technical perspective, the DAX has shown steady growth in recent weeks, with a breakout from its strongest trading zone that could easily be anticipated given that it was experiencing unstoppable growth in its price and trading volumes. The price bell analysis suggests a figure that diversifies into five marked price areas with a special concentration around 17,895 points, while the RSI indicates a trading of 46.18%, below the 200-day average at 59.02%. This could suggest a possible correction or consolidation in the previous price zone, with a maximum retracement level expected around 18,041.34 points (the high zone of the previous trading range) . Fibonacci retracement analysis suggests that the market may not extend much beyond 1 which is its current zone, and contract towards 0.786 found at 18,447 points. In summary, the German market will remain a key driver of the index and it will be key to see if Germany continues to push exports and increase its domestic consumption, with possible bullish scenarios if the all-time highs of 18,603.47 points are breached if this scenario holds true, or corrections expected otherwise, with testing levels at lower support zones with the downside limit being 18,039.42 points. 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.
ACTIVTRADES:GER40Short
by ActivTrades
DAX weekly forecast from April 2nd, 2024Situation assessment XETR:DAX 1. We have reached another trend reversal zone 2. In our opinion, “much” after “above” is no longer possible in the future We would like to apologize for the inaccuracy of last week's forecast {wink} when we headlined as follows: 1. Weekly UP peak: between 18,406 and 18,518 (Bonus: 18,630) 2. In perspective, EUREX:FDAX1! The next striking decision zone is 18,777 (+/-) in focus. The weekly XETR:DAX peak was reached with 5 points less at exactly 18,513.83 and to create this forecast the FDAX reached 18,776 in late trading ;-). The rest of the forecast is also impressive... Be that as it may, at the beginning of April we will be flooded with some standardized purchase orders (funds, savings plans, etc.) until the April expiry, which will give the DAX a slight further boost. Professional traders use this as an opportunity, especially at the end of the quarter, to take antagonistic positions and carry out a latent “rebalance” at the next quarterly end in June. In perspective, we see the round 18,650 / 680 in XETR:DAX as a potential high point before we could take corrective measures. This would be equivalent to approximately $18,995 EUREX:FDAX1! points. For the homeopathic Waver faction among us: … we see the 3 of the running 5 at the final end, before we get the 4... . As you have probably already noticed, we don't like "mystical wave predictions" - although we do take the "waves" into account in our models, just as emotionless and interpretation-free mathematical functions, e.g. in the form of adaptive signal decomposition . In addition, other factors often play a much more crucial role for professional traders than the “Bloomberg” faction is trying to sell us. As long as XETR:DAX 18,535 can be validly overcome on a daily basis as of April 2nd over the course of the week, the gates are open for us to achieve even higher goals via 18,613 / 683. For this it would be necessary to overcome the 18,726 valid on a daily closing price basis over the course of the week. If this happens, nothing stands in the way of the ~18,900 to 19,095 / 209 until the April monthly witch dance. From a standard pivot perspective, the XETR:DAX weekly-monthly comparison shows 18,646 / 679 as a valid resistance zone. Furthermore, the R2 annual pivot is at 18,597, which will not have an exact braking effect at this point, but will have a braking effect in this region. Unless an exogenous black swan emerges, it is not worth paying much attention to the downside for the coming week. On the one hand, the hedging needs (VDAX, SKEW, ...) speak against this and, on the other hand, our trend barometer and the general momentum currently show no reason to worry. On the contrary: setbacks will be bought (!). Nevertheless, the XETR:DAX Magistrale (MoB) is at 18,247 for the coming week. Only when it is validly below... is it time to consider a short strategy and set an anchor point again (did you remember? ;)) However, don't forget: we are in a shortened trading week in the western-oriented world with lower sales in the future and the associated volatile uncertainties (!) So don't be disappointed if the high in March has already been marked with the April contract change . If you value this article and the work involved, follow us and give us a thumbs up - it doesn't hurt (:-) It is worth mentioning “by the way” that in terms of chart technology we have achieved an extension from 2000 – 2008 with ~18,485. We forecast based on mathematical models for XETR:DAX as follows: 1. Trend barometer: UP 2nd week UP peak: between 18,613 and 18,683 (Bonus: 18,726) 3rd week DOWN peak: between 18,357 and 18,287 4. Arithmetic mean: between 18,384 and 18,586 5. MOB technical price mark: 18,428 6. Pivot fluctuation range: 18,216 / 18,722 7. Fair Value GD / Low / High: 18,440 / 904 / 935 8. VIX Zones: 11.58 / 12.66 Notes ===== Stock market rule: Markets can behave irrationally longer than you can remain solvent (John Maynard Keynes) Forecasts are what they are: A look into the future taking into account the past, which can change dynamically, positively or negatively, from the time of publication To create this forecast, a trend-following system (TM) developed in-house using, among other things, mathematical, statistical, rolling, volume-based, differential analysis methods is used and accordingly shortened and simplified in an informative, non-indirect manner here on Tradingview in the generally accessible public area free of charge for personal use.
XETR:DAXLong
by skiski
German DAX: New Highs?Hey Traders, The state of the German Economy, alike other economic zones and economies has seen twists and turns. From hopeful highs, to fearful lows, the transition from confidence to incompetence has been viewed widely. The current retracement above local and historic highs comes about as the US index markets also rise, after inflation reports and comments from the FED feeding global confidence. Falls on fears the global economy will crash, back to rebounds on the basis that maybe things are not so bad. These fears and hopes can be seen throughout the general market and comments from the FED in the US giving an overall 'world sentiment'. Its important to take note of the fundamental and technical bias that presents, as they often go hand in hand. The Point of fundamental analysis is to gauge current and future market mood. The point of Technical Analysis is to gauge the validity of a price point and its preferability amongst traders alike. A reduction in global tensions recently and lesser fears of an energy crisis have helped the global economy and indeed the German economy as they consume a lot of energy and require oil in copious amounts to function. Putting the two together allows you to pick key short zones BEFORE negative news occurs, since markets are pretty much a transition of investors buying when things seem like they'll go up, to shorting when there is belief they will go down. Germany, in particular, has frequently had a robust economy and the sustained growth of the economy has led to a boost in the value of the DAX as its inherent companies grow accordingly. It was considered at times the strong economy in Europe. As Germany experienced a PMI reading of under 50, this generally reflects a contracting economy. This is also the case in other places in the world where there is very little growth, like the UK. This is mainly driven as consumers stop spending money and thus businesses make less money. Business is also slowed by the cost of borrowing and the cost of materials and machinery. Sentiment Bias (market mood/fundamentals): Particularly, Germany faces problems with residentials builds at the moment as more and more companies start to cancel planned projects that they were going to follow through with. It's just become too expensive for them to complete and they are having to scale back, further slowing the overall health of the economy. There is also the budget crisis in which the planned spending by Germany to stimulate the economy has many questions over its head. The amount being borrowed comes heavily into question, particularly now. Technical Bias (reading charts and using price): We are returning to key price levels seen previously on Market falls. These are short areas and certainly not time to buy, especially inline with the aforementioned. The rally in price mainly comes as conditions are better elsewhere in the world and giving indication to what may occur in future. Short bias much preferred at this point, with a light intention, due to rapid moves into previous highs. The reason why highs are used for shorting markets is because they tell you where the previously preferred long exit areas and thus short entry areas are located in the minds of investors and traders alike. Its important to note in conjunction that the most recent fall has not taken you enormously further down and therefore it can be inferred that somewhat long bias, whether founded or unfounded exists. From here, I would be reacting / checking for lower timeframe entry confirmation and signs price is halting. One must be cautious when determining short areas. Identifying overall high prices and taking a fundamental bias is fine. But it has to be backed up heavily by rational and logical risk management plans in the event you do indeed reach higher highs, despite economic headwinds.
XETR:DAXShort
by WillSebastian
3
The continuation of the bullish market and then the wave degree Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, 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, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
FX:GER30Long
by mehdi47abbasi79
Weekly Technical Analysis 25/03/2024Start 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 has continued its bullish trend in the impulsive phase, with a notable rise in price to 18,210, now positioned above its upward-sloping 20-period VWAP of 17,896. The index has established new support at 17,513 and is encountering resistance near 18,279. The RSI has slightly increased to 71, suggesting sustained positive momentum. UK 100 has shifted to a bullish trend, now in the impulsive phase, with its price at 7,916, positioned significantly above the still quite flat 20-period VWAP of 7,722. The index's support level is now at 7,526, with resistance identified at 7,917. The RSI has risen to 69, indicating a strong shift toward bullish sentiment. Wall Street remains in a bullish trend in the impulsive phases but put in a large bearish engulfing candle, with the price adjusting to 39,402, still above the upward-sloping 20-period VWAP of 38,964. The index's support is at 38,258, with resistance determined at 39,669. The RSI is at 59, reflecting a shift towards a more bullish momentum state from neutral. Brent Crude has slightly adjusted in its bullish trend, remaining in the impulsive phase, with its price decreasing to 85.23, above the up-sloping 20-period VWAP of 83.91. The support level is at 80.66, with resistance closely set at 87.16. The RSI has decreased to 59, indicating a slight reduction in bullish momentum. Gold continues in a bullish trend and is still in the impulsive phase, with the price consolidating to 2,166, marginally above the 20-period VWAP of 2,157. The support level has been revised to 2,104, with resistance now at 2,210. The RSI has decreased to 60, still reflecting strong bullish sentiment but slightly less than before. EUR/USD might be coming to the end of its bullish trend and is now in the corrective phase, with its price at 1.0819, below its upward-sloping 20-period VWAP of 1.0885. The support is now at 1.0789, with resistance at 1.0980. The RSI at 43 indicates a shift to negative momentum. GBP/USD has shifted to a bearish trend in the impulsive phase, with its price at 1.2605, below the 20-period VWAP of 1.2731. The support has been adjusted to 1.2570, with resistance at 1.2892. The RSI at 38 suggests new bearish sentiment. USD/JPY has flipped back to a bullish trend, recently entering the impulsive phase, with its price at 151.35, significantly above the 20-period VWAP of 149.26. The support has been revised up to 145.94, with resistance at 152.59. The RSI at 64 indicates a shift toward stronger bullish momentum.
SPREADEX:GDAXI
by Spreadex
Is Germany's economy the biggest indicator for DAX traders?For over half a year, traders have been witnessing the epic rise of Germany’s Dax index (DE30), recently passing $18,000 (USD). For decades, the index, a beacon of Germany's corporate power, seemed invincible, with its German companies all reaching new peaks. But beneath this veneer of German engineering and strength, the foundations are shaking. Germany's robust economy, the engine of Europe, is showing unmistakable signs of wear. Just last year, economists started pointing to the subtle yet telling signs of an impending downturn for Germany. Since then, GDP growth was slashed to 0.2% for 2024, a significant and disturbing downgrade from previous forecasts​​​​. The manufacturing sector continues to suffer from weak global demand and high energy costs, with harsh implications for future exports​​. In addition, shortages in skilled workers​​ plague major industries, and yet the unemployment lines, rarely seen in this land of efficiency, are growing. Despite all this gloom, the DAX continues its upward trajectory, seemingly oblivious to any doom on the horizon. There is a clear disconnect between the DAX's performance and the weakening German economy. Perhaps the market, often driven by sentiment, has not yet caught up with reality. If that’s true, then we are all looking at a pending opportunity to take a position before the action begins. Germany’s economic indicators are contrasting the current DAX price trend. For technical traders, all signs are bullish. But for economists and fundamental traders, shorting DE30 at the all-time high may well seem like an obvious move. Before you trade DE30, consider that the markets are not reacting with traditional patterns. In theory, it makes sense that the top-performing companies of an economically failing nation would experience financial complications, but we are seeing a similar and puzzling disconnect in the US too. Despite all the woes, USD and US indices are still flying high. Coincidence? Maybe. One thing is for sure, traders closely watching the current political and economic stage will stand a better chance of being the ‘early bird’ for any major rallies and crashes in 2024.
XETR:DAX
by Exness_Official
1