Germany 40 IndexPair : Germany 40 Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and Breakout of Lower Trend Line
Break of Structure
RSI - Divergence
Lower Lows - Lower Highs
Bullish Channel in Short Time Frame
GERMANY40CFD trade ideas
Bearish Channel IdentifiedThe DAX (DE40) is trading within a bearish channel and is rising towards the pivot which has been identified as a pullback resistance. Could this index stall around this level before potentially reversing to resume the downtrend?
Pivot: 18,203.60
1st Support: 17,888.30
1st Resistance: 18,422.50
Risk Warning:
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
lon on ger40Ger40 shows more bullish sign but patience is key in our line of work. i see a long on ger40
Ger30 GER30 has shown signs of resistance near key levels, indicating potential weakness in the market.
DAX Started a correction. We have a clear short-term Target.DAX has a rejection on April 01 exactly at the top (Higher Highs trend-line) of the 18-month Channel Up (since October 03 2022). The 1D MACD made a Bearish Cross, being Lower High than the previous one on December 18 2023, which is exactly what happened on the January 27 2023 Bearish Cross.
That sequence was the first Bullish Leg that topped to form the Channel's Higher High and then pulled-back to marginally below the 0.236 Fibonacci retracement level and even test the previous Resistance, which turned Support eventually.
As a result, we remain bearish on DAX, targeting at least 17700 (Fib 0.236). The previous Resistance is at 17000 but we will update if that Target will be pursued. The safest action would be to wait for the 1D MACD to form a Bullish Cross under the 0.0 level and buy for the long-term.
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DAX COURT SHORTHello everyone, I'm aiming for a bearish continuation for the DAX, I'd like to fill the bottom.
DAX Looking to do Double CorrectionCycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 18275.94 and wave (b) ended at 18427.43. Wave (c) lower ended at 18088.03 which completed wave ((w)) in higher degree. Rally in wave ((x)) ended at 18326.37 and the Index has turned lower again.
Down from wave ((x)), wave (w) ended at 18058.22 and wave (x) ended at 18239.50. The Index turns lower again in wave (y). Expect the Index to extend lower to reach the extreme area from 4.2.2024 high towards 17550.24 – 17733.23. This should complete wave (y) of ((y)) of 4. Afterwards, Index should rally from the blue box in wave 5 higher or rally in 3 waves at least. Near term, while below 18328.11, Index may see further downside to the blue box area.
GER30 BULL ALREADY TAKING OVER.As we see price breaking out the bearish channel with some strong momentum based on the pattern formed DOUBLE BOTTOM.
Is the German stock market gaining strength?📊 In the one-hour time frame, due to the decrease in the downward momentum of the price movement, in case of the failure of the upward downward movement trend of the price and stabilization of the price above the range of 18,220 units, there is a possibility of the price increase up to the range of 18,300 units🎯, and in the case of the strength of the range of 18,400 units🎯🎯.
📊 Otherwise, the price may fall to the range of 18,000 units.
DAX daily showing signs of churn, but shorter-term supportedThe DAX daily chart is showing signs of consolidation, but the short-term market participants are constructive.
IF the short-term momentum holds, there will be something to work with.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
GER30 BULLISH FORECAST So here price failed to break the previous low creating a possible double bottom, wait for the price to break outside the bearsih channel retest then we go for those buys..
SHORT THE DAXSell short at the level 1:3 or trail profit. Level could have trapped trader or more greed institutions to sell short again at this level
Ger30 Forecast 10/10 Price respected our analysis and am currently holding the trades...Still trading within the bearish channel.
GER30 Weekly Idea 4.8.24A bit late publishing.
Same Strategy - Setup based on Multi Timeframes Highs and Lows, IB's and OB's.
DAX short-term traders need to line up with longer time frameThe DAX daily chart has bullish elements to it, but the hourly traders have not synced up to them yet.
The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
DAX Future Quick Video Idea - 2024.04.08EASYMARKETS:DAXEUR
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
De 9 Apr 24De 9 Apr 24
An uncertain day please trade carefully it can be either bull or bear.
All zones trading need to be confirmed.
Thx,
DAX, will this be the end of the bullish cycle wave?Hallo everyone,
markets are crazy lately and beside the fact, that Germany is in a recession period the DAX were climbing up for several ATHs in the last weeks. I think this should find an end very soon, as we are testing the ultimate resistance area formed by trend lines from ATH prices in the past.
Also my wave count is pointing to an fifth wave of a fifth wave.
18000 will be a psychological barrier I don't expect the price to go over easily and we are facing the 1,618 extension level from the last wave at around 17700.
I will work with several positions starting from 17700 up to 18000.
combined result of -0.86Here I will document my trades to keep track of them and ask you to comment.
The trades are based on a spreadsheet that combines common trading approaches. In the next posts I will explain them in detail.
At the moment I have a combined result of -0.86. That triggers a signal short.
Weekly Technical AnalysisStart 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).
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Germany 40 has shifted to a corrective phase within its bullish trend, with the price at 18,184, now positioned just below its slightly upward-sloping 20-period VWAP of 18,185. The index has established new support at 17,825 and is encountering resistance near 18,594. The RSI has decreased significantly to 53, suggesting a reduction in positive momentum.
UK 100 continues in a bullish trend, and remains in an impulsive phase, with its price slightly decreased to 7,909, but still just above the slightly upward-sloping 20-period VWAP of 7,867. The index's support level has been adjusted up to 7,689, with resistance identified at 8,045. The RSI has decreased to 58, indicating a shift toward a less bullish sentiment compared to previously.
Wall Street remains in a bullish trend but has entered a corrective phase, with a notable decrease in price to 38,876, now below the upward-sloping 20-period VWAP of 39,233. The index's support is adjusted to 38,422, with resistance determined at 40,043. The RSI has decreased to 45, flipping from bullish to bearish momentum.
Brent Crude has continued its bullish trend in the impulsive phase, with its price increasing to 89.26, above the up-sloping 20-period VWAP of 86.88. The support level is now at 82.84, with resistance closely set at 90.92. The RSI has decreased slightly to 65, indicating a slight reduction in bullish momentum.
Gold continues in a very bullish trend and is still easily in the impulsive phase, with the price increasing significantly to 2,333, well above the 20-period VWAP of 2,218. The support level has been revised down to 2,092, with resistance now at 2,344. The RSI has increased to 77, reflecting an intensified bullish sentiment and a very overbought reading.
EUR/USD has shifted to the corrective phase of its bearish trend in, with its price increasing to 1.0832, now slightly above its downward-sloping 20-period VWAP of 1.0831. The support has been adjusted up to 1.0741, with resistance at 1.0918. The RSI at 49 indicates a significant reduction in negative momentum compared to previously.
GBP/USD continues in a bearish trend within its impulsive phase, with its price increasing towards correction territory at 1.2626, slightly below the 20-period VWAP of 1.2646. The support has been adjusted to 1.2528, with resistance at 1.2763. The RSI at 46 suggests a reduction in bearish sentiment.
USD/JPY has maintained its bullish trend, tracking sideways while still in the impulsive phase, with its price slightly increased to 151.81, above the 20-period VWAP of 150.11. The support has been adjusted up to 149.57, with resistance at 152.64. The RSI at 64 indicates a slight decrease in bullish momentum compared to the previous reading.
GER30 BEARISH MARKETPrice trading within the descending channel, might fail to break the resistance trendline and am looking to go short on ger30..
DAX: 22,000 € Target in Sight!Since our short scenario for the DAX was invalidated, we had to reanalyze and concluded that we are dealing with a very long and extremely bullish scenario, as it's the only other option we have left for the DAX. We assume that, on the weekly chart, we will reach a minimum level of 22,000€. This scenario is supported by a trend channel that we have now broken and exited upwards. Therefore, we expect to reach levels between 19,700 and 23,000 for Wave 3, which will only serve as a catalyst for even higher movements. As seen, we anticipate the overarching Wave (3) to reach levels between 25,400 and 31,400. There's still a lot of potential and room for upward movement, and given our invalidation, we will now be looking for long entries. As always mentioned, the economy increasingly reflects less of what happens in the markets, diverging more from economic activities, making it somewhat perplexing when considering Germany as a whole and the remarkable performance of the DAX.
DAX to form a lower high?DE30EUR - 24h expiry
Short term bias has turned negative.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Daily signals for sentiment are at overbought extremes.
Previous support at 18250 now becomes resistance.
The trend of higher intraday lows has also been broken.
20 4hour EMA is at 18254.
We look to Sell at 18350 (stop at 18450)
Our profit targets will be 18100 and 18010
Resistance: 18200 / 18250 / 18320
Support: 18120 / 18050 / 18000
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