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...
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...
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...
Pair : Germany 40 Index Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Exp FIAT as an Corrective Pattern in Short Time Frame
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...
The DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads. The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend. The DAX hourly chart...
Momentum Regimes: Major Indices The charts show the current momentum regimes for 4 of the major global indices. These are subject to change.
Set up wasn't respected, although it stop out on the second entry( the scaling in trade).
GER40 - 24h expiry Price action looks to be forming a bottom. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The primary trend remains bullish. 50 1day EMA is at 17765. A Doji style candle has been posted from the base. The corrective cycle lower looks to have stalled. We look to Buy at 17830 (stop at...
1. Daily Break of Structure (BOS) 2. 50 & 100 EMA Cross down on H4 and PA retest of EMAs 3. Retest of BOS 4. Trendline Break and Retest at H4 EMA Crossover
With the previous trade taken taken yesterday got a chance to make a scale in, and this further goes in line with the trading plan of scaling in only when the previous trade is in profit.
German DAX has pulled back to the 50d sma and 38% retrace of the move up of the last few months (since last time it touched 50d sma). Looks like we may get another leg higher despite the clear lack of supportive fundamentals/geopolitics. Think we see 18600-19000 before a bigger effort to correct. Long 17800 tgt 18800 wroong below 17400.
A trade according to a proven and tested strategy, I like to call it triangle set up commonly known as the break out structure. Took a sell after a retest at a resistance area, and made a double top for further confirmation.
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure. 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 instruments and come with a high risk of losing money...
Set up wasn't respected. As planned, a retest was made in the significant level, which was part of my trading plan however, it didn't go into play.
At rising channel toppish, look like pushing up momentum is greatly reduced looking at the gradients of each rise. RSI is diverging. at BB top, has shown a bearish bar. high risk to reward ratio.
Using my strategy, a triangle set up, commonly known as the breakout structure. I enter my trade at a retest of a sensitive area (a area with multiple touches) and I place my Tp at the base of the triangle therefore making me a swing trader as some trades take a day or more. And this one isn't any different