Good luck Germany! You're not gonna escape the global market gravity, sorry.
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...
DAX INDEX Simple Technical Analysis Resistance and Support
Forgot to publish this one. Anyway now it's published! Closer look to DAX's possible movements for next summer. Green area is good spot to buy some DAX. Violet area is big question mark for me. There is some old support line and trend line cutting each other so it might take time to get through those. After that i expect we hit 0.386 fib area (red one) which...
In previous post I wrote about the channel movement of DAX and the various positive signs that appeared in the chart. Today, price once again broke out the area of EMA20 but in this time DAX tested succesfully the MA200 confirming in that way the bullish trend. An increase in Volume during the uptrend is a key factor and we should take into consideration the...
DAX is now approaching the key short-term resistance. The area between 9,400 and 10,300 consists of multiple resistance layers that are likely to cap any attempt to recover higher.
Please support this idea with LIKE if you find it useful. Price produced a Gap on previous market open. Nevertheless it's been rejected by Resistance level. It signals the price will rather close the Gap and retest the horizontal support. In case there is a confirmed breakout we can initiate a short position. Thank you for reading this idea! Hope it's been...
DAX 30 is testing absolutely crucial multi-year support near the 8,000 handle today.
ENTRY: 11.570 TP: 11.450 TP2: 11.300 SL: 11.806 Chart time frame - 1D Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
dax is gaining power after the last horror week. we see a rejection of the fib level the forming of a pinbar. also, we see a clear rejection at the green highlighted area which is an important neckline. that level has multiple support and resistance zones. price has the potential to develop upside in the upcoming 3 days.
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. -...
Just before US Market Open the DAX Index bounced of 13300 filling perfectly the gap. You are looking at the DAX Chart of OANDA which is also active overnight, you can see Gaps on the Xetra Chart of the DAX Index (which is not active during Overnight) While the $SPX500 already trying to break a similar Patern to the upside targeting Prices around 3200-3220 the DAX...
The DAX 30 index surged to the highest since January 2018 on Friday following the US-China trade deal. But the index has come-off sharply from there. DAX is likely to trade sideways after the German Manufacturing PMI missed the estimates. Services PMI rose to 52.0, up from 51.7, matched expectations. The nearest support bellow is H4 50 SMA and the middle line of...
In the Overnight hours the Dax Index Price broke out to the upside is now heading to retest next resistance level of 2018 highs. For 100% Confirmation we have to wait for this daily or this weeks Candle Close to be sure about this breakout but the fact that we broke resistance trendlines and trading currently at market open, above all past 2-3 Weeks Candle Closes...