TradingIndian

TradingIndian

Happy Thursday & Happy BOE day Dax bulls are eyeing 13925 now but they will need to defend 13450. Near & below that level, things may change. Macro: EUR Economic Bulletin, ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech Our pivotal level today is at 13600. Buy Break: 13670, 13725, 13760, 13820 ...

TradingIndian Updated 

Happy Midweek. The Gandalf line for DAX is currently at 13300. Bulls are in-charge but still very fragile. Today's macro can break them. It has always been my experience that when price action approaches Big Brown levels, it gets into consolidation because it is decision time. Currently that level is 13440 (B) Macro: DE - Trade Balance, BME PMI, EUR - PMI,...

TradingIndian Updated 

Happy Midweek. We are still trying to resolve the indecision of Monday at 12960. Bulls want to move & close above 12960 and bears want to move & close below 12895. This 65 point range is knowns as Amateur Trader's stop out hell. Macro : DE - Trade Balance, BME PMI, EUR - PMI, Retail Sales***, US - PMI, Factory Orders, Services Employment Index, New...

TradingIndian

*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. *** This is likely to be relatively quiet day unless some news appears. Europe is on vacation & US is slow. Resulting in low volumes and jumpy ticks. Even with yesterday's candle, the bulls are firmly in-charge. As far as 12265 is maintained, it can go on...

TradingIndian

*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. *** This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy. DAX is on a retracement journey. So potential retracement levels are 13350,...

TradingIndian Updated 

Happy Monday, Happy August Dax now has to establish above 13580 to be completely bullish. The trend is definitely up and anybody can see that. I will publish monthly analysis separately but current move looks like a pullback on overall downtrend. If that is true then a continuation in monthly trend towards downside could be very gib. Alternatively, it can stay...

TradingIndian Updated 

Happy Friday & Happy End of the Month Day NASDAQ is firmly in a position to continue rally provided it continues to HH/HL above 13050 The point to note is that this is the last trading day of July 2022 Macro: Core PCE, PI + PS, Chicago PMI & Michigan CSI Buy Break: 12950, 13050,13110 Reversal: 12770, 12670, 12590, 12430, 12270 Sell Break: 12800,...

TradingIndian Updated 

Happy Friday and Happy Last Trading Day of the Month DAX range has compressed so it is making multiple levels of support and resistance. We simply have to deal with it until it makes up its mind and moves The bias is turning bullish by the day but the drop is going to be significant. So always be careful. " Trust the trend but verify " in force Macro: EUR...

TradingIndian Updated 

Happy GDP Day DAX has been in a bit of consolidation since 19th July. A strong news can break it out of that range. Current outlook is turning bullish but I would remain careful. A break above 13380 will set strong bullish direction if it continues after that Bears have hard work in front of them to break 13070, 13000 & 12810 Macro: EUR business climate,...

TradingIndian Updated 

Happy GDP Day NASDAQ has turned bullish in the short term. However, it needs to keep moving above 12530 and then break 12590, 12670 to confirm the bias Macro: Personal consumption expenditure, GDP, jobless claims Blue levels B & C are largely in play. Buy Break: 12550, 12590, 12670, 12800 Reversal: 12420, 12380, 12280, 12200 Sell Break: 12480,...

TradingIndian Updated 

First of all, Happy Volatility Day DAX/GER30 is still playing around Chop Zone but everything changes (perhaps) at 13:30 UK / 14:30 EU / 8:30 NY Blue zones B, C and brown mega zone B are in play. Break above Brown Zone B will change the course of the market Buy Break: 13270, 13350, 13440, 13600 Reversal: 12990, 12910, 12830, 12750, 12670, 12630 Sell ...

TradingIndian Updated 

Very Happy Volatility Day & Very Happy FOMC Day We are likely to see 700 to 800 points move today Scenario 1 : FOMC News Bearish Reaction - Initial bounce to 12430 or even 12600 - After initial bounce, break of 12170 will lead to 11900 - Selling begets selling could lead to 11500 Scenario 2 : FOMC News Bullish Reaction - Initial drop to 12060...

TradingIndian Updated 

NASDAQ is likely to range between Blue zone B & D waiting for FOMC tomorrow. Macro: Housing price index, consumer confidence, new home sales (all before market open) Looking for #scalper #trade #setups only Blue zone B, C, D are in play Buy Break: 12375, 12480, 12590 Reversal: 12220, 12100, 12060, 11990, 11800 Sell Break: 12220, 12130, 12050, 11990,...

TradingIndian Updated 

It's all CHOP CHOP CHOP with DAX for the last 3 days. Unless one of the levels 13140 or 13290 are broken with confidence, it's going to be like this till FOMC tomorrow I have observed this behaviour in all the assets when they get close to Brown top levels. DAX is near Brown level B at 13440. Yesterday's levels are still in play i.e. Blue B and Brown...

TradingIndian

NASDAQ is likely to range between Blue zone B & C waiting for FOMC on Wednesday. Macro: Chicago Fed National Activity Index surprise may move it a little bit Looking for #scalper #trade #setups only Blue zone B, C, D are in play Buy Break: 12520, 12590, 12680, 12815, 12885 Reversal: 12360, 12290, 12210, 12160, 12040 Sell Break: 12360, 12300,...

TradingIndian

Dax is at a pivotal point. Brown Zone B is in strong play. I think it will go where the US markets go. Wednesday's FOMC will keep markets in a tight range. Macro movers: Germany business climate index For immediate direction, as far as it remains above 13100, it is in bullish zone. Blue zones C and B are also in play. Buy Breaks: 13225, 13270, 13350, ...

TradingIndian

NASDAQ is likely to consolidate between 12300 and 12700 levels unless PMI data or Friday golden hour breaks one of the sides Blue level B & C as well as mega level Brown B are in play Break below 12400 can go as low as 11950 Break above 12650 can go as high as 13060 Buy Breaks: 12600, 12650, 12710, 12790 Reversals: 12460, 12375, 122215 Sell Breaks:...

TradingIndian Updated 

DAX is likely to consolidate today. However, PMI data might change that and make it directional Blue zones B, C and mega zone Brown B are in play today. Break below 13100 can drop DAX to 12800 and below Break above 13300 can take DAX to 13600 and above Buy Breaks: 13220, 13270, 13350, 13450 Reversals: 13050, 12960, 12900, 12820, 12700 Sell Breaks: ...