Get started

Propfirm

Dax daily: 05 Aug 2019 Friday's session started with a slight downward movement which prevailed for the whole intraday session. We've had a bearish based bias and our hypothesis played out as expected. Today we open with a really big descending gap. Important zones Resistance: 12 031, 11 899, 11 823 Support: 11 657 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 16:00 CEST - USA - ISM Non-Manufacturing Today's session hypothesis Today we open with a 170 points sized gap which equals the range of a volatile day session. There was a row of really nice S/R levels formed. The first zone of our interest is the resistance at 11 823 which could be retested today. If sellers aren't strong enough, Dax could head towards 11 899 and close the gap. Buyers might appear around 11 657.
EUREX:FDAX1!
by FTMO
Dax daily: 01 Aug 2019 And so August is here. Yesterday's price action was dominated by FOMC. Dax first closed the gap, found some buyers and then went idle. After the FOMC came out, the 83% statistical probability of breaking the previous day low was successfully fulfilled. The price closed the gap this morning right after the open. Important zones Resistance: 12 283 Support: 12 073 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs 13:00 CEST - United Kingdom - Official Bank Rate, Statement, Votes & Inflation report. All of these could influence DAX as well. Today's session hypothesis Most of the time, days following the FOMC are relatively calmer. Moreover, it's a summer holiday season. We have a weaker support zone near the current price, laying at 12 073. That level could be used by buyers. From the price action perspective, it is difficult to estimate today's direction development. Talking about the probabilities, we have 80% for breaking yesterday's high or low and then there is a statistical chance of 78% that Dax might close inside yesterday's range. Taking this into account, it is rather wise to target our trades back into range should the high/low be broken.
EUREX:FDAX1!
by FTMO
Dax daily: 16 Jul 2019 Monday's session started wild and many traders were facing problems with unexpected volatility. Dax first spiked upwards quite prudently, just to correct itself soon after. If you remember, we suggested not to trade yesterday as the price development was unpredictable. Good to those who took a break. Dax also broke both Friday's low and high, which had a very low probability. Today we open with a smaller descending gap. Important zones Resistance: 12494 Support: 12 350 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 11:00 CEST - German ZEW Economic sentiment Today's session hypothesis Today we can expect the breakout of yesterday's high, which has a slightly increased statistical probability of 64% and then we'll await the retest of resistance zone at 12 494 and closing outside of yesterday's range. We hope to find buyers around 12 350 which is an intraday support level from yesterday. Should the price break yesterday's high and return right into a Monday's range, it is likely Dax will slow down and oscillate.
EUREX:FDAX1!
by FTMO