The DAX (DE40) could rise towards a resistance level at 18,263.22 which has been identified as a pivot point. Could price stall around this level before potentially making a bearish reaction to drop lower? Pivot: 18,263.22 Support: 18,005.20 Resistance: 18,431.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should...
The DAX (DE40) could fall towards an overlap support at 17,903.18 which has been identified as a pivot point. Price could potentially bounce off this level to make a new all-time-high (ATH). Pivot: 17,903.18 Support: 17,659.90 Resistance: 18,263.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
What makes us expect a technical correction this time, is the similarity in terms of RSI with mid February 2023. It took another 3 weeks for the price to decline but not before the RSI completed a Cup and Handle pattern. That was a -8.00% decline, we are aiming from the current levels for a -6.40% decline, which happened another 2 times, so our target is near the...
DAX (DE40) is extending a very strong Bullish Leg, which started after the previous short-term correction ended on January 17 2024 with a contact on the 1D MA50 (blue trend-line). This is part of an overall Bullish Wave that emerged on the latest Higher Low (October 27 2023) of the 1.5 year Channel Up. However as the 1D MACD is about to form a Bearish Cross...
DE30EUR - 24h expiry Price action resulted in a new all-time high at 17904. We look to buy dips. 50 4hour EMA is at 17685. The primary trend remains bullish. Offers ample risk/reward to buy at the market. We look to Buy at 17690 (stop at 17590) Our profit targets will be 17940 and 17990 Resistance: 17760 / 17907 / 18000 Support: 17710 / 17618 /...
Exactly 3 months ago (December 06 2023, see chart below), we set a 17800 Target on DAX (DE40) and the index hit that level yesterday: At the time DAX was the first major stock index to hit new All Time Highs (ATH) and as we mentioned it "sent a message to indices globally". And followed they did, as all markets followed this lead and rose aggressively. This...
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...
DAX is approaching the 16 month HH Zone while being vastly overbought on the 1D timeframe (RSI = 76.873, MACD = 201.900, ADX = 41.880). The 1D CCI shows that we may be entering a period of volatility similar to what followed after the May 19th 2023 High, which initially resulted into a -6.42% correction. Based on that, our bearish target is near the S1 level (TP =...
DAX (DE40) is on a short-term Channel Up, supported by the 1D MA50 (blue trend-line), which has held twice in the past month (January 17 and February 13). As long as it holds, we will most likely see a break of the long-term Channel Up, which in time could complete a +20.90% rise as the July 31 2023 High. In that case, we will target 17400 on the short-term. If...
DAX hit the HH trendline on a bullish 1D technical outlook (RSI = 59.185, MACD = 53.000, ADX = 25.248) but a Bearish Divergence RSI. The 1D CCI is repeating the May 19th-July 31st 2023 successive peak pattern on the HH that eventually corrected first to the 0.382 Fibonacci level and the 1D MA200 and then under the 0.618 Fibonacci level. Consequently, a crossing...
DAX (FDAX1!) is currently trading at the top (Higher Highs trend-line) of the Channel Up pattern that started on the December 20 2022 Low. This is a more than 1-year trading structure and as long as its stays intact, we should see a rejection below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line). Based on the previous declines within...
GER40 - 24h expiry Price action resulted in a new all-time high at 17066. There is no clear indication that the upward move is coming to an end. Our outlook is bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 16966. The measured move target is 17184. We look to Buy at 16970 (stop at 16890) Our profit targets will be 17170 and 17250...
Hello friends, On the 4-hour chart of the CAPITALCOM:DE40 pair, my first target is 16,346, and the second target is 16,143. Best regards, You can express your appreciation by clicking the like button and the follow button for the analyses we have meticulously prepared for you; we've invested time and effort on your behalf. Feel free to share your thoughts...
DAX (DE40) has transitioned into a Channel Down pattern following the December 14 top rejection on the Higher Highs trend-line. The 1D MA50 (blue trend-line) is fast approaching as the first level of Support but we expect it downtrend to bottom lower as resembles the declines of August 2023, March 2023 and December 2022 both on price and 1D RSI terms. All those...
GER40 - 24h expiry Short term bias has turned positive. Levels close to the 50% pullback level of 16724 found buyers. The primary trend remains bullish. We look to buy dips. Prices have reacted from 16444. We look to Buy at 16725 (stop at 16645) Our profit targets will be 16925 and 16985 Resistance: 16885 / 16962 / 17004 Support: 16790 / 16724 /...
DAX has turned bullish again on the 1D technical outlook (RSI = 61.214, MACD = 155.000, ADX = 20.016) as it is posting the strongest daily candle of the last 30 days. We consider this move to be counter trend as the Bearish Divergence that is being staged on the 1D RSI looks like the one in late February 2023. That one also posted a counter trend rise on February...
DAX (DE40) gave us an excellent sell signal last time we looked into it (December 14 2023, see chart below), as the 1D MACD Bearish Cross, was our sell signal: Our 16500 short-term target has already been hit, and we now shift our focus on the medium-term as it appears that this pull-back will most likely be extended to the 1D MA50 (blue trend-line) at...
DAX has formed a Channel Down pattern following the December 14th rejection on the Rising Resistance. The 1day MACD has formed a Bearish Cross like the one on November 28th 2022, which is a Top after a similar aggressive rally like the one the index ran since late October. That top also turned into a Channel Down which then broke downwards and hit the 1day MA50,...