Daily Insight
Commentary:
Monday - German Industrial Production m/m beats forecast this follows Friday’s strong September factory orders data
German DAX +12% since October 13th
Higher tops and higher bottoms on price indicates short term uptrend taking shape (daily chart) , however resistance in front of current price may push price lower before...
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DAX on D1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The DAX has rallied significantly since the end of September after touching a major support range at 11,550 - 11,850 - the area that price bottomed in November of 2020
It is now pressuring the downtrend extending from the yearly highs and could be poised to break higher
A convincing close above downtrend resistance would provide a great buying opportunity with...
Looking ahead - ECB interest rate decision tomorrow
Tomorrow: 12:15 GMT European Central Bank (ECB) meeting takes place where a +0.75% (75 basis point) increase is expected
Market movers:
German DAX testing resistance opening up the potential for a further upside advance?
DAX Index: Bullish technical conditions in the very short-term following the...
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Happy Tuesday,
Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL.
Line in the sand is 12 850
Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech
Buy
Break: 12 940, 990, 13 060, 085
Reversal: 12 890, 825,...
Happy Tuesday,
Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730
Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13860, 13920, 14010, 14070
Reversal: 13800, 13740, 13690, 13600
Sell
Break: 13820, 13760,...
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DAX on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Welcome everyone,i'm sharing with you this trade and will tell you how to treat this market. First of all, the DAX broke over the previous resistance which became a support, so its a key level. the market couldn't go all the way up to the next level which is a key resistance, and then it went back. what we can see, is that the market is in an up trend, and we can...
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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,...
Here is my view for DAX on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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,...
Here is my view for DAX on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
