DE40 has just bounced off at the pivot and could rise to the next pullback resistance level which is close to 161.6% Fibonacci extension
Alternatively, if the price breaks below the pivot, it could continue to fall to the next support level level
Pivot: 17902
Support: 17657
Resistance: 18208
Risk Warning:
Trading Forex and CFDs carries a high level of risk...
The DAX is showing relative strength following Friday's low. The hourly chart may be running out of puff, but that will bring support levels into focus.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex...
The DAX (DE40) could fall towards the pivot which has been identified as a pullback support. Could this index potentially bounce off this level to rise towards the 1st resistance?
Pivot: 17,805.20
1st Support: 17,507.10
1st Resistance: 18,240.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
The DAX hourly RSI is above 50 and its stochastic is in its upper quartile. These suggests a short-term positive momentum. Core PCE out later is likely to influence risk sentiment. In that regard keep an eye on the hourly stochastic - if it starts to slip, the short-term momentum will be waning. If it holds, the sentiment will be biased towards risk-on.
This...
Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the...
DAX effortlessly made a -6.50% decline from the top and hit our 17,450 TP, crossing in the meantime under the 1D MA50 for the first time since November 10th 2023. Naturally its 1D technically outlook turned bearish (RSI = 41.378, MACD = 14.500, ADX = 36.627). In our view, it has or is very close to the new technical bottom as the 1D MA100 is just right under and...
The DAX (DE40) has made a bullish reaction off the pivot which has been identified as a pullback support. Could this index potentially bounce higher towards the 1st resistance?
Pivot: 17,680.30
1st Support: 17,004.20
1st Resistance: 18,560.76
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
After a nervous start and breaking through the previous day's low (17716) and the lower Bouhmidi bands (17678), a relaxation in the form of a reversal towards the range of the previous day is emerging around noon. This is initially a positive sign! The next intraday targets are:
If defending the previous day's low: 17761/17863/17996
If falling below the previous...
Hola Ola Smart Traders,
This is our master plan to Heist Bullish side of GERMANY30/40. I have two plans to heist this market please look at the chart I have mentioned in our heist plan, Our target is Caution Red Zone Target 1 for Day Trade Robbers and Target 2 for swing Trade Robbers. My dear Robbers please book some partial money it will manage our risk. Be safe...
GER40 is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement. A bounce from this level could lead the price to fall to our take profit.
Entry: 17913.28
Why we like it:
There is an overlap support which aligns with the 50% Fibonacci retracement
Stop loss: 17612.74
Why we like it:
There is a pullback support...
The DAX (GER30) could fall towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,253.04 which is a pullback support.
Stop loss is at 18,120.41 which is a level that lies underneath the ascending trendline and aligns with a pullback support.
Take profit is at 18,513.50 which is a pullback resistance.
High...
✅DAX is trading in an
Uptrend and the index
Broke out of the falling
Wedge pattern so our
Bullish bias is reinforced
And we will be expecting
A further move up
LONG🚀
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Pair : Germany 40 Index
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Exp FIAT as an Corrective Pattern in Short Time Frame
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, wave (4) unfolded as a double three Elliott Wave structure. Down...
The bullish sentiment from Tesla's earnings release inflated global market sentiment in Europe and dragged the DAX and other indices higher today. Mostly the German index started the session higher by 0.2%, FTSE 100 by 0.3%, and the French CAC by 0.1%. . In addition to Tesla, Meta, Microsoft and Alphabet are releasing results today. Elsewhere in Europe, Orange in...
