Hi guys! This is my first published chart. As you can see it is touching the resistence line so the price could go up in the future. Things to consider: the exponential moving average shows that the price is below the line RSI is decreasing Volume decreasing constantly If the trend reverts the target will be 230.
DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100. ** If...
With the economic calendar being thin into the start of the week, today we will look at the DAX30 CFD from a technical perspective. After the drop below 13,000 points in the first half of last week, the German index recovered slightly into the weekly close. However, the bears have the advantage on their side as long as we trade below 13,180/200 points. Below...
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...
The German Stock Index had a phenomenal uprise since the break of resistance around 12475, but at some time every Party has to at least close for a few hours to clean up the mess. German Stocks where pushing strongs with gains about 10% - 20% across the board and the whole market has positioned itself in overbought territory where Profit taking will come into...
DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February. As you see the two dominant bullish legs are very similar, the one from February to May...
Dax has opened on monday morning with a expected pullback Move, but how far will it retrace or will it go sideways? Daily stoch and daily RSI are telling us since many days that past uprun is running into exhaustion as the oscillators are turning down starting to leave high levels. We have major key levels that we can easily watch and manage our Risk From...
Bearish Head & Shoulders on $DAX This is a representation of the German economy, like the $DJI for the US economy. Price is currently holding at the trend line support. A break below would be a continuation of a downtrend caused by such a pattern. see more at: cryptoplanet.cash instagram: www.instagram.com telegram chat: bit.ly
The DEU.IDX/EUR pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3. The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session. Currently, the pair is testing a support cluster formed by the 50– and 200-hour...
This is the last analysis of the week. As expected, Dax initially declined yesterday and closed the gap. Buyers entered at our support but didn't last long. After some 35 points, buyers were overpowered by sellers again. Following was a retest of 12 328 level which was broken out by some 16 points before buyers flexed their muscles. Today we open with an ascending...
The resistance zone at 12 601 we mentioned yesterday turned out to function perfectly. After retesting the 12 601 level, Dax went sloping down. The weekend gap has been filled from it's third only and today the price opens without a gap. Important zones Resistance: NIL Support: 12 385, 12 428, 12 508 Statistics for today Detailed statistics in the ...
Target: 13228 Stop loss: 11801 (2.65%)
kcell jsc reg.shs:Being consolidated within "3.63 & 4.66"channel ,High stabilization of the above mentioned channel Triggers a bullish trend. In general, low risk is evaluated . . Target 1: 7.12 . Target 2 : 9.24
OANDA:DE30EUR Sell after 4 hour candle close below 12186 TP-11700 SL-12280
Rising wedge with bearish divergence, entry at 12310/12320, minimum target 12.134 stop above 12354
We have seen the current trading set up on DAX during its previous mini bear cycle (April 2015 - February 2016). During that time the index finally broke upwards for the new mini bull cycle once both Lower High trend lines were crossed and held as supports on at least 1 re-test. Currently DAX has broken above the first Lower High trend line (dashed) and has...
1. Broke through rising wedge 2. RSI Bearish Divergence 3. Good RR. **Wait for retracement to zone.
Really want to short this one around 11680-11700 Could fall really good