DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)

EUREX

FDAX1!

We saw another bullish happiness for Dax. After the initial long, buyers took a lunch break and the price resumed its climb later in the afternoon session. The resistance zone at 12 598 was broken and functioned as a support. Dax formed a new high of the recent past weeks but didn't hold the throne for long. The price then closed the day at 12 624. Important...

As we thought, yesterday's session was very lazy as there was a bank holiday in the US, Canada and Japan. We saw very limited volatility throughout the day and Dax hasn't really taken any clear directional move. Today we open with an ascending gap. Important zones Resistance: 12 348, 12 481, 12 645 Support: 12 598 Statistics for today Detailed statistics in...

Trying to break up.

Dax seems to respect the square root lvls calculated from the top ( 13600 ) Dax still in an uptrend that started from the lows at 11260 ( sqrt lvl ) Ended wave 3 at 12236 ( sqrt lvl ) Wave 4 could start now ( small retracement to (11905 sqrt lvl) and should close 2 gaps below. Wave 5 could end the uptrend at or around ( 12457 sqrt lvls) These Square root lvls rock.

Friday's session was fully characterized by strong bullish sentiment, giving to the overall markets risk-on environment. From the beginning, buyers gained momentum and despite having two resistance zones on their way, nothing stopped the positive drive upwards. Sellers stood almost no chance to profit. The price opened the week at Friday's close range. Important...

DAX has been trading within a very strong 1D Channel Up (RSI = 59.495, MACD = 84.870) since the August 15th bottom, which is currently on its Higher Low (Highs/Lows = 0.0000). This is a technical buy entry even though this time there are more barriers to overcome such as the 4H MA50 which has rejected today the uptrend (light blue trend line). The Target Zone on...

Yesterday's session was another occasion where Dax just ignored our analysis. We expected a short move below Monday's low and the entry of buyers around the drawn trend line. Instead of that, buyers were very active right from the beginning of the session. Important zones Resistance: 12 214, 12 380 Support: trend line, 12 008 Statistics for today Detailed...

What we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you...

What a drop! Another one! After those kinds of days like we've seen on Tuesday, there are normally sessions where the price consolidates in a narrow range. This wasn't the case this time as Dax fell rapidly yet again and the entire intraday session was characterized as one big bearish day. No support level functioned which is quite rare and the price closed at...

in uptrend move

as chart

Yesterday's Price Action was, unlike two previous days, a great success with regards to our analysis and we made some decent profits. Dax descended to touch the support at 12 008 where we found buyers. This level formed an intraday low and Dax headed higher from there. The price closed at Wednesday's high range and today we open with an ascending gap. Important...

After having great success in recent days, yesterday's analysis wasn't that good. Although we saw the price decline towards our mentioned support level at 12 065, Dax hasn't stopped there and continued lower. Following was the breakout of Monday's low which, surprisingly, had a low probability. Important zones Resistance: 12 214, 12 068 Support: trend...

Monday's session turned out spot on, exactly as we predicted. Dax descended towards the support zone at 11 969 where buyers stepped in to flex their muscles. The steady bullish momentum created took the price above Friday's high, which we highlighted had a 90% statistical probability of being broken. Once this statistic was fulfilled, Dax retested the resistance...

The last session of the past week started by a decline towards the levels caused by NFP. Later on, buyers stepped in and controlled Friday's Price Action till the close at the intraday high. Today, Dax opens with a descending gap. Important zones Resistance: 12 124, 12 214 Support: 11 969, 11 845 Statistics for today Detailed statistics in the Statistical...

It seems that the Dax has found it's bottom yesterday. The low has emerged at 11 806, but the trading at this level took place for only few minutes. Until the end of the session, there was no substantial movement and at the end we have closed at 11 967. Important zones Resistance: 12 183, 12 076 Support: 11 806 Statistics for today Detailed statistics in the...

What a drop! We correctly estimated the initial attempts of sellers to return back into the range of Monday. The first support at 12 427 was ignored completely and the second support at 12 386 slowed down the bearish momentum and buyers held the price in a corrective setback for a few hours. Following was an aggressive move to the downside caused by the US ISM...

Welcome to the first analysis of October. Yesterday's analysis was yet another success. Soon after the open, the price rose sharply upwards. We saw a proper bearish reaction of some 40 points from the resistance zone at 12 390. Shortly after that, bulls stepped in to dominate the price action until the session end. Dax closed near it's intraday high and today we...