here my view on dax 30/ germany 30, im expecting it to continue upward if we break the weekly top, pls keep in mind as long as we don't break the top the up move not confirmed, use stop lose for this trade, because w're on top,
While our outlook on the Eurozone and markets remain supportive, a technical opportunity to fade highs in the European stock market has arisen. We will initially look to fade highs into our liquidity bloc targets however will allow ECB/Lagarde commentary to provide ultimate macro direction across our portfolios. Sensitivity remains from the downside from here. -...
The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume. From here we could see a...
Equity markets have been hitting all-time highs day after day throughout the world throughout the holidays. While the DAX has been somewhat of a lagger and has the potential to break into new highs and beyond based on structure, volume and more. So far over the holiday season has held up the structure on DAX well suggesting more upside, a new temporary high was...
As we approach the weekly close, and the last trading day of the year which carries a realistic chance of seeing some elevated volatility before the holiday season kicks off (Trading Hour Schedule for the 2019 Christmas & New Year Holiday Period), we want to take a look at the DAX30 CFD again. Traders could see some heavier swings in the German index today since...
DAX manages to break through the 13305 high on decent volume after holding the support structure we had mapped out at 12910. The fact that it broke into 13400 and retested the broken high at 13290 means that there could be immediate support here for an all-time high move or a slight retrace into 13050 before we see the all-time high again. For the move to come out...
After last Thursday's developments in the US-Chinese trade deal, the UK's general election, and the Fed's liquidity announcement, the outlook for the DAX30 CFD is very bright as we start the trading week. The main driver for the bullish action, and the ensuing break above 13,180/200 points resulting in new yearly highs, was certainly the "deal" between the US and...
The DAX30 index currently faces a challenging resistance area at 13,190. The index is holding the rebound from the 23.6% Fibonacci retracement of the October 4 low (13,879) to November 19 high (13,338.25) rally at 12,970. The 55-day moving average has risen to 12,827. Yet the positive slope in the 55-day SMA that increases distance above the 200-day EMA suggests...
This is just a quick long with very low risk. I also have an aggressive stop at 12983 but i want to be more conservative
The DAX managed to pull back, as anticipated through rotations at the top of a structure area it failed to break above into its all-time high and into a new high after several attempts and the downside was expected. We had 2 levels identified as potential targets, the first being the cluster of support that was mapped out based on where the price started its rally...
While the last week of trading primarily saw subdued volatility in the DAX30 CFD, this will likely change as we start this trading week. Technically, the German index continues to trade sideways between 13,100 and 13,300 points. Due to its proximity to the 13,300 region, it is generally more likely to get to see a break on the upside, with a first potential...
XETR:DAX has a good run up recently and has formed an uptrend on the daily charts. While the chart is self explanatory, I would like to share some thoughts If you are long the DAX, stay invested. When it comes to fresh entry, I may want to look at a retracement and see higher low formation, and then buy! Trust this helps If you like what you see, then please...
After bullish performance over the last week of trading, there seems to be a higher chance of a slow start into the new week. Due to the “Veterans Day” bank holiday in the US, the US Fixed Income Markets will not be open for regular trading hours, indicating that trading volume will be lower than on average. That’s noteworthy because of the fact that yields have...
DAX - Watch for close above 13150 - TG 13500, which is also 1.618 daily Extension
Hello to all watching my charts. As a lot of yours wanted to get from me information about Risk/Reward trades i will try it here in Dax as sample. New Long has been the Mode after the break of last resistance at 12914. Target has been the old high 12975 which has been reachin during the trading day. RRR = 2.55 Good trades. if you want to support my work,...
Hello to all watching my charts. Dax is since the decision level break and break of 12885 short I have shown you the levels again in the chart. The short run has now increased... Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade ----------
Major Support (BLACK) 12900 Lower Level Support (BLUE) 12885 Major Resistance (RED) 12975 Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
Hello to all watching my charts Dax DEU 30 climbs step by step and our by hour to higher Levels. Fine that my forcast has been 100% correct.. Hope you are in. At the moment for today Support Level to wacth is 12840 for further long- Good trades If you want to support my work , please like them - My posts are not and advice to buy or sell something always...