In my previous DAX call I recommended a buy till 12400. It has passed that level convincingly and might even look to go towards 12500/680. However I do expect a fall from those levels back towards 12200/140. but for now I will stay on the sideline and watch what it does.
It apears that DAX is likely to crash as it has formed a beautiful head and shoulder pattern. It is possible but I think DAX is less likely to break to the downside because: (a) DAX is completing the complex fourth Elliott wave which has retraced back exactly 38% of the third bullish wave started in June 2016. It is now likely to move up in the fifth wave. (b)...
DAX30 is sitting right around the trend line, My personal view is that it will move back towards the upside from here and the trend line will hold its level and we will be looking at 12400 in the next week or so. However any geopolitical news will be a major turning point for the Index and Possibly send this towards 11300 Area.
This is a quick opportunity to sell the Germany 30 index. We've seen bearish pressure for some time now so it's likely there is more to come and the next support area could be a possible target. This is just an idea, not advice! Good luck everyone!!
Hello, traders! DAX - Potencial Reverse H&S Pattern? Also we see Bullish Flag. Possible targets on the chart. Alternative scenario - Red Arrow. Let`s see. Wait for the candle to close. High risk trade! I will comment on the idea, as events unfold. Thank you for your attention.
This shows us how critical the situation is , and it is also among one of the contributing factors towards the weakening Euro(BTW the strong DXY isn't helping). This is a spread chart and shows us the divergence in yield between the two states. It gives us an idea as to how investors are pricing risk relative to a "risk-less counterpart" which in this case , it...
This chart shows a relationship that every trader who is serious with the business has to keep in mind. The dollar is king, A STRONG DOLLAR ends up WEAKENING EMERGING MARKETS . This causes a capital flow away from them into safer dollar assets. Right now , my game plan for the foreseeable future is to look for a short with good risk reward in the EEM as a...
Stock looks like it's finishing wave 1 of wave 3 of a higher degree wave 3, possibly forming and finishing an inverse head and shoulders formation with the start of the third of the third of the third (wave).
Disappointing German Manufacturing figures paint a very concerning picture for Europe's largest economy. Posting a 5.9% drop in foreign demand for German products in June, Manufacturing data is responding to Trade War speculation and Trump's proposed tariffs. Will this spill over into other Eurozone markets? More importantly where is the German economy headed in...
DE30EUR has bounced off its support at 12501 (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12889 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
The Dax is starting off the week on a negative note after Seehofer's resignation intent. Not a done deal yet as the CSU meets at 8.30 CET today. But this should keep the pressure on the Dax unless a deal is reached between CSU and CDU (not likely).
I posted a video this morning with thoughts regarding the Euro and the narrative of a crisis being premature at best! Inflation numbers came out for Germany this afternoon at 0.6% versus expectations of 0.3%. Year on year we are at 2.2% which is far above last months 1.6% and above expectations of 2%. On that news we should see the euro strengthen and given the EU...
as it sems by the daily chart we are heading to a bearish days. first target is ma100 12660 under will see 12300.12000
When blue-chip large-cap stocks complete cycles, they are often "canaries in the coal mine" for the entire index they're part of. German public market investors should invest cautiously going forward, since a major market correction is likely to occur this year.
As we see, DAX already broke the channel resistance but seems to be preparing for consolidation zone. Still unclear. Movement too close to the starting point, so slightly bullish, but no longer out of risk, so at any time we can see a completely different scenario. It is completely out of mind that the world is being ruled through twitter for these days. ...
Judging by the majority of technical indicators, we have seen a downward trend. And the published data from Germany, based on this statistics, had been worse than expected. Considering that our pair has broken through the resistance level, its further target is likely to be the level of 1.22 and 1.2170. The trend indicator RSI is directed downwards, and Stochastic...
bitcoin - did we have a bottom? 30.03.2018 we see a little bounce at the 7000$ mark. we need more volume to break out over 8000$. stay safe, at fridays they often take out more money! --- bitcoin - finden wir heute einen boden? 30.03.2018 aktuell hält der chart seine 7000$, zeigt aber potential übers wochenende die 6000$ zu erreichen! Wir benötigen mehr...