GER40 - 24h expiry Price action looks to be forming a bottom. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The primary trend remains bullish. 50 1day EMA is at 17765. A Doji style candle has been posted from the base. The corrective cycle lower looks to have stalled. We look to Buy at 17830 (stop at...
The DAX daily chart has bullish elements to it, but the hourly traders have not synced up to them yet. The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM...
GER40 - 24h expiry Price action resulted in a new all-time high at 17817. There is no clear indication that the upward move is coming to an end. Price action continues to trade around the all-time highs. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 20 4hour...
Theres a full video analysis posted before this. The DAX 40's recent bullish surge reveals signs of exhaustion on the monthly and weekly charts. Lower timeframes suggest a manipulative price structure primed for a potential trend reversal. Here's the breakdown: - Overextension: Extended trends often succumb to corrections or shifts in direction. The DAX 40...
GDAX DAX 40 (German 40) Technical Analysis & Trade Idea The DAX 40's recent bullish surge reveals signs of exhaustion on the monthly and weekly charts. Lower timeframes suggest a manipulative price structure primed for a potential trend reversal. Here's the breakdown: - Overextension: Extended trends often succumb to corrections or shifts in direction. The DAX...
Sharing DAX updated from TTR DAX had a perfect reversal candle, but still needs to confirm below 16855 We got a monthly inside candle close today. Weekly has more room to the upside, but a double we have a potential double top formation here We have a clear negative divergence on the daily level!
Index futures held their ground overnight, and the US dollar's rally is showing signs of near-term exhaustion. And that indicates a subtle change in sentiment ahead of today's open. The DAX found support at its 50day EMA on Wednesday, which is just above the 2021 high. Given a small-ranged bullish hammer formed alongside higher volume suggests a 'change in...
The Index is currently trading in an uptrend parallel channel, and momentum also indicate that the bulls are still in control of the market, so the interesting thing is are we going to see a pullback to level around 16500.00 level for us to get into the trade or the index will still go up. A deep pullback to around 16000.00 will still provide good entry levels...
DE30EUR - 24h expiry The bullish engulfing candle on the 4 hour chart the positive for sentiment. Our short term bias remains positive. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A break of yesterdays high would confirm bullish momentum. Short term RSI is moving higher. We look to Buy a...
H4 - Bullish convergence. Currently it looks like a pullback is happening. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Yes, the DAX is clearly within an established downtrend on the daily chart. And its drawdown from its record high is relatively shallow at just -11.5% by historical standards - meaning we suspect further losses could be coming. Yet its failure to break beneath the December high and March low has not gone unnoticed. And given it formed a bullish hammer around...
GER40 analysis is still in accordance with the analysis a few weeks ago, where prices tend to follow the bearish curve. Still at the same price target, prices tend to move towards the Fibo area of 1,618
After the correct analysis of the chart in the previous post that mentioned the rise of the index. We are now witnessing a correction in the chart and my prediction is that we will witness further declines. Follow for notifying more Analysis. Boost, Comment for signal, and more.
In my opinion, GER40 presents a slightly different perspective. If you observe the movement of the wave, you will notice a curve that is currently supporting it. Usually, when such a curve forms, the price tends to follow the same movement. Therefore, I believe that in the medium term, the price is likely to remain bearish. Furthermore, if you look at the current...
Today's focus: GER30 Pattern – LH - Lower support test Support – 15,055 - 15,015 Resistance – 15,287 - 15,504 Hi, and thanks for checking out today's analysis. The GER30 daily is today's focus. Due to the tragic events over the weekend, we have seen stock futures trading lower into the new week. The GER30 is testing Friday's firm finish and could be forming a...
----------DAX LONG--------- I went long on DAX German 40 index this morning as I expect a correction from current levels. Not a reversal yet but still a good looking trade this morning. This is not a financial advice. Do your own research and analysis.
Germany decided to systematically destroy their (and the EU's) economy, in a consistent and spectacular fashion. This is a no-brainer!! (I have been shorting this, with everything I've got, for the past week.) The only thing that kept this thing afloat, so far, is the underlying currency (EUR/USD) push-pull. I believe that is now over and full capitulation is at...
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.