Weekly Technical Analysis 15/04/2024Start 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
DAX short-term traders are bullishThe DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
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A sell on German 30Using my strategy, a triangle set up, commonly known as the breakout structure. I enter my trade at a retest of a sensitive area (a area with multiple touches) and I place my Tp at the base of the triangle therefore making me a swing trader as some trades take a day or more. And this one isn't any d
fallingyesterday's NYSE dragged Ger40 but we can monitor the movement of GER40 and Tesla also impacted the downfall of the stock let's monitor our Technical movement and wait for a straight rebound
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.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global
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 se
GER30 - Look for a short ✅Hello traders!
‼️ This is my perspective on GER30.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement and then to reject from trendline + S/R zone for a sell position.
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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
Fourth wave double zigzag? The possibility of a bigger correctioEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dep
BUY NOW German Index shifting bullish gears. Price gave me a signal to buy.
As you can see. the 1-Hour market structure made a new higher high by breaking previous higher low signaling market shifting to bullish once again.
Stop loss at the recent lows.
Targeting 18750.
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Frequently Asked Questions
The current value of Germany 30 is 17867.0 EUR — it has risen by 0.01% in the past 24 hours.
Germany 30 value has decreased by 1.62% in the past week, since last month it has shown a 0.54% decrease, and over the year it's increased by 11.95%.
Germany 30 is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Germany 30 futures or funds or invest in its components.
The lowest ever quote of Germany 30 is 2430.2 EUR. It was reached on Apr 1, 2003.
Germany 30 reached its highest quote on Apr 2, 2024 — 18649.5 EUR.