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2024-06-03 - a daily price action after hour update - daxGood Evening and I hope you are well. overall market comment Indexes could not stay at the highs and bears showed some strength by closing the gaps we left behind on Friday. SP500 and nasdaq rallied into the close on weak volume but bulls nevertheless also showed strength and for the day we mostly moved sideways. Both sides have reasonable buying/selling pressure and arguments on their side. That’s why we can expect more sideways price action. dax comment: Big Globex gap up, big down, big up, big down and then dax did not rally as hard as sp500 and nasdaq did. Market was formed a triangle on the 1h tf and we have tested Friday’s breakout price 18590. Since we are at the lower third of the range and it’s clearly trading range price action, r:r is on the bull side for at least 18700 again. So either the triangle plays out and we move more sideways or we break above for 18800 or higher. current market cycle: Trading range key levels: 18400 - 18750 bull case: Bulls see the low today as a retest and market is now free to pump again. The gap to 18655 closing price will probably be closed overnight and then bulls will probably retest 18700 or higher next. Invalidation is below 18470. bear case: Bears surprised the bulls with 2 strong legs down today. The breakout above 18720 looked decent and trapped many bulls buying high in a trading range. Bears could not touch last week’s closing price 18531, which is a sign of weakness. They closed below the daily and the 1h ema, which strengthens their case but given that it’s a clear trading range, not many bears want to sell below 18600. Invalidation is above 18750. short term: Up for 18700 and maybe higher. Play the range until clear breakout medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: Selling the double top bar 28 + 54 one tick below bar 54. Was good for 160 points. My room caught a 100+ banger to the downside.
EASYMARKETS:DAXEURLong
by priceactiontds
DAX to find support at market price?GER40 - 24h expiry The primary trend remains bullish. Price action continues to trade around significant highs. Prices have reacted from 18381. Previous support located at 18550. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 18520 (stop at 18420) Our profit targets will be 18770 and 18850 Resistance: 18670 / 18750 / 18800 Support: 18600 / 18550 / 18500 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
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 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 remains in a bullish trend and has been correcting through time rather than price, with the price decreasing slightly to 18,655, now around the VWAP of 18,656. Support and resistance levels have adjusted to 18,443 and 18,890, respectively. The RSI has decreased to 55, indicating a further moderation in sentiment compared to the previous report. A potential recession in Germany has influenced market sentiment. UK 100 remains in a bullish trend but has transitioned into a corrective phase, with the price increasing slightly to 8,343, now around the VWAP of 8,342. Support has adjusted to 8,174, while resistance has increased to 8,500. The RSI has increased slightly to 55, reflecting a slight improvement in sentiment compared to the previous report. Recent political stability in the UK has positively impacted the market. Wall Street seems to have settled into a sideways/neutral trend, with the price decreasing notably before rebounding to 38,788, below the previous VWAP of 39,247. Support and resistance levels have adjusted to 38,058 and 40,435, respectively. The RSI has decreased slightly to 46, signalling a reduction in bullish momentum compared to the previous report. Concerns over U.S. debt ceiling negotiations have weighed on the market. Brent Crude remains in a bearish trend and continues in an impulsive phase, with the price decreasing to 80.86, now below the previous VWAP of 82.47. Support has adjusted lower to 80.44, while resistance has increased to 84.50. The RSI has decreased to 37, indicating a strengthening of bearish sentiment compared to the previous report. OPEC's decision to maintain current production levels has affected prices. Gold has shifted to a neutral trend and is in a consolidation phase, with the price decreasing to 2,320, now below the previous VWAP of 2,364. Support has adjusted higher to 2,433, while resistance has decreased to 2,294. The RSI has decreased significantly to 43, indicating a weakening of bullish sentiment compared to the previous report. Market uncertainty regarding interest rates has influenced gold prices. EUR/USD remains in a bullish trend but has moved into a corrective phase, with the price slightly decreasing to 1.0852, now around the VWAP of 1.0840. Support has adjusted lower to 1.0780, while resistance has increased to 1.0900. The RSI has decreased to 56, indicating a slight moderation in bullish pressure compared to the previous report. Eurozone economic data showing weaker growth has impacted the pair. GBP/USD remains in a bullish trend and continues in an impulsive phase, with the price slightly decreasing to 1.2738, now above the previous VWAP of 1.2690. Support has adjusted higher to 1.2558, and resistance has decreased to 1.2822. The RSI has decreased slightly to 61, indicating a moderation of bullish sentiment compared to the previous report. Bank of England's comments on inflation have affected the pair. USD/JPY remains in a bullish trend and continues in an impulsive phase, with the price increasing to 157.41, now above the previous VWAP of 156.41. Support has adjusted higher to 154.83, while resistance has increased to 157.99. The RSI has increased to 60, reflecting a strengthening of bullish sentiment compared to the previous report. The yen's weakness amid BoJ's dovish stance has driven the pair higher.
SPREADEX:GDAXI
by Spreadex
New month. New BeginningsOn both charts we can see that at the end of May, volume began to decrease and prices seems to be moving sideways and holding. Non farm payroll on Friday will be closey watched and may have the charts find direction as they will use the results to gauge the direction of interest rates. The results are expected to be good but investor worry that a strong economy may prevent the interest rates from lowering. I wil lkeep on te stance that good results will provide positive movements until I am shown other wise
PEPPERSTONE:GER40
by S0202Trades
GERMANY 30/40 DE30/40 Robbery Plan To make and take moneyMy Dear Robbers / Traders, This is our master plan to Heist GERMANY 30/40 Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, Market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:DE30EURLong
by Thief_Trader
DAX Tests Critical Support after Hotter German InflationConsumer price pressures in Germany accelerated in April to 2.4% y/y, which marked the first uptick since December. Eurozone inflation meanwhile persisted at the same level (May preliminary due on Friday), while wages in the region increased in the first quarter. This has created some worries around the disinflation process and the central bank’s prospects for less restrictive stance. GER30 extends its slide from the recent all-time peak into the third week as a result and now tests a crucial support area. It breaches the EMA200 (H4) threatening the 38.2% Fibonacci of its last leg up. This would pause the bullish momentum and create risk for deeper pullback towards the daily Ichimoku Cloud, but we are cautious around sustained weakness. Recent European inflation data may have showed some persistence and European officials may have warned against back-to-back rate cuts, but the ECB is expected to become the first major central bank to pivot and slash rates next week. This shift towards looser monetary setting, along with Germany’s exit for recession, are supportive for the stock market. Furthermore, the RSI is oversold and if GER30 manages to hold the pivotal EMA200 and 38.2% Fibo, its bullish bias would be reaffirmed and could lead to new record highs. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. 73% 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.
FX:GER30
by FXCM
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 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 remains in a bullish trend and has been correcting through time rather than price, with the price increasing slightly to 18,775, still above the VWAP of 18,622. Support and resistance levels have adjusted to 18,325 and 18,920, respectively. The RSI has decreased slightly to 62, indicating a slight moderation in sentiment compared to the previous report. UK 100 remains in a bullish trend but has transitioned into a corrective phase, with the price decreasing slightly to 8,320, now below the previous VWAP of 8,383. Support has adjusted to 8,271, while resistance has decreased to 8,495. The RSI has decreased significantly to 53, reflecting a reduction in bullish sentiment compared to the previous report. Wall Street remains in a bullish trend but has moved into a corrective phase, with the price decreasing notably to 39,083, now below the previous VWAP of 39,473 - indicating a rising chance of a full bearish reversal. Support and resistance levels have adjusted to 38,689 and 40,256, respectively. The RSI has decreased significantly to 47, signalling a reduction in bullish momentum compared to the previous report. Brent Crude remains in a bearish trend and continues in a corrective phase, with the price decreasing slightly to 82.99, now slightly above the previous VWAP of 82.72. Support has adjusted lower to 81.23, while resistance has decreased to 84.21. The RSI has decreased slightly to 46, indicating a slight moderation in bearish sentiment compared to the previous report. Gold remains in a bullish trend but has shifted into a corrective phase, with the price decreasing to 2,343, now below the previous VWAP of 2,361. Support has adjusted higher to 2,289, while resistance has decreased to 2,434. The RSI has decreased significantly to 47, indicating a weakening of bullish sentiment compared to the previous report. EUR/USD remains in a bullish trend and continues in an impulsive phase, with the price slightly decreasing to 1.0877, now above the previous VWAP of 1.0821. Support has adjusted higher to 1.0728, while resistance has increased to 1.0914. The RSI has decreased slightly to 63, indicating a slight moderation in bullish pressure compared to the previous report. GBP/USD remains in a bullish trend and continues in an impulsive phase, with the price increasing to 1.2775, now above the previous VWAP of 1.2637. Support has adjusted higher to 1.2443, and resistance has increased to 1.2831. The RSI has increased significantly to 71, indicating a strengthening of bullish sentiment compared to the previous report. USD/JPY has shifted in a neutral phase with the VWAP now more-or-less flat since the big reversal from over 160 and the price consolidating around the VWAP, though more recently increasing to 156.83, now above the previous VWAP of 155.82. Support has adjusted higher to 154.10, while resistance has increased to 157.54. The RSI has increased to 59, reflecting a strengthening of bullish sentiment compared to the previous report.
SPREADEX:GDAXI
by Spreadex
DAX H4 | Heading into all-time highsThe DAX (GER30) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 18,923.54 which is a pullback resistance at the all-time high. Stop loss is at 19,050.00 which is a level that sits above the 127.2% Fibonacci extension. Take profit is at 18,671.33 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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, 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. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Short
by FXCM
DAX 40 run out of gas?Today on Memorial Day, the US market will remain closed today. The ECB has focused on cutting interest rates trying to get ahead of its peers in the US and UK. European stocks have started slightly higher from Friday's close. Sentiment continued part of the day up 0.28% at around 18,745 points. Data from the Ifo institute on current conditions were slightly below expectations, with a score of 88.3 compared to the consensus of 89.8 and lower than the previous 88.9, so it is possible to see the currency turning bearish against the dollar. As for expectations, they have not been met either, although they were slightly more optimistic, closing at 90.4 compared to 89.7 in the previous publication. As we have said, this will also affect the Euro. And finally, the publication of the German business climate, has also been clearly bad, showing the same data as the previous publication of 89.3 against the expected 90.4. This indicates a possible pessimistic sentiment regarding the market situation. If we focus on the chart, the DAX (Ticker AT: GER40) has been retracing its price touching highs in the middle of the month. A possible bullish pullback above the previous bullish breakout zone is currently being structured. The moment the 18,913.82 points (current high price) is surpassed, we will be looking at another possible "All-Time-High" (ATH) milestone. Currently the RSI indicator is not telling us much with a slightly overbought 61.09%, and the bell shape being dual. At the moment, there is a lot of pressure on two possible strong price zones: 16,721 points and 18,532 points. It is creating a possible third bell with low volume at the moment, in the area of 18,729 points. In order to continue at the highs, 405.75 points (2.19%) must be surpassed. It will be more likely to see a correction after testing the highs than a continuation of the success. 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.
GShort
by ActivTrades