Short on Ger30 There's a third touch and a close below resistance on 4H. stop loss above resistanceGShortby Fanel_theTrader112
10112023 - #DAXDAX seemed to have gain strength as it is relatively strong yesterday; basing off the PZ and going to new highs. But US weakness resulted in DAX pulling back also. Are we going to get a next leg down now? TBH US indices are more bearish and definitely oversold and thus many would likely be looking for further downside continuation today for US indices. But IMO, DAX's closure yesterday is not bearish, or even somewhat bullish. Price is between PZ and DBZ, which is neutral to bullish. Overall, I would say to look for further upside; with 15195 as a low risk level to go long, for a move back to yesterday's high (15359) and even further to 15411. Longby FadeMeIfYouCan0
DAX to turn into an uptrend?DE30EUR - 24h expiry The bullish engulfing candle on the 4 hour chart the positive for sentiment. Our short term bias remains positive. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A break of yesterdays high would confirm bullish momentum. Short term RSI is moving higher. We look to Buy a break of 15301 (stop at 15201) Our profit targets will be 15551 and 15601 Resistance: 15291 / 15400 / 15500 Support: 15180 / 15100 / 15068 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA1
Very good level to sellWe have a very good and strong level to sell.We also have a breakout and retest of the levelGShortby KirilIliev4
DAX to get back on the old tracks?GER40 - 24h expiry Daily signals are mildly bearish. Negative overnight flows lead to an expectation of a weaker open this morning. A break of the recent low at 15070 should result in a further move lower. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term momentum is bearish. We look to Sell a break of 15058 (stop at 15158) Our profit targets will be 14808 and 14758 Resistance: 15150 / 15230 / 15270 Support: 15070 / 15000 / 14900 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA3
GERMAN40 BEARISH OUTLOOKGermany, a European economic powerhouse, is facing the threat of a technical recession as its industrial production, particularly in the automotive sector, has experienced a significant decline. In September, industrial production fell by 1.4%, surpassing the projected 0.4% drop, and the third quarter saw a 2.1% decrease in total production. The automotive industry, a crucial part of Germany's economy, reported a 5% drop in vehicle production from the previous month, alongside declines in other vital sectors like electrical equipment and pharmaceuticals. While there was a slight increase in factory orders for September, primarily due to large-scale orders and backlogs, economists remain cautious about the potential for future economic growth. This economic downturn is worrisome for Germany, as it may be heading toward a technical recession, characterized by two consecutive quarters of economic contraction. Policymakers and economists are likely to closely monitor the situation and may consider measures to support the economy, such as fiscal stimulus or incentives to boost consumer spending and business investment. However, the situation is not isolated and may be influenced by global economic trends and factors, making it essential to keep an eye on international economic developments to gauge Germany's economic prospects in the coming months. On a technical note, the daily graph had produced an Evening Star pattern that is reliable pattern for a downtrend. RSI is still on the neutral site, but MACD is already showing sell signals. If this trend continues the price might reach levels of 14 977.5. In the opposite scenario the price might reach levels of 15 315.21 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses Shortby legacyFXofficial0
DAX Short Trade Looking to short the Dax from around the 15350 area.SL 110 Points. Taking profit at 2R & 3R. My confluences here are, Third touch of a trendline Multiple Daily EMA's & MA's If this trade fails immediately and price goes through my entry and breaks the trendline my next area for a short is the wick/Intra KL present on the chart above the first zone. I will short this till the trendline as a break of this could mean more upside before falling deeper. Shortby FalkenFx221
Dax Short Term Buy IdeaH4 - Bullish convergence. Currently it looks like a pullback is happening. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.Longby VladimirRibakov2
GER30 Price was failedGER30 NEW forecast Hello everyone, The price was failed, declined and stabilized under a motive force line which is 15130 so trading under that line will support the price to get 15020 maybe, after the price reached that line, like retest, from there again will start to be uptrend till 15130 and continue in uptrend closing 4H candle above 15130, It will back to the upward trendLongby ElenaMayi4410
07112023 - #DAXYesterday's plan worked to almost perfection () as it hit my sell limit at exactly 15226 before selling down over 100points. Did not hit my target though before the bounce. As mentioned yesterday, DAX is somewhat weak and only one I said to look for shorts in and truly, it was much weak even when US indices was somewhat strong. Overall, yesterday was a small range day and price action is somewhat bearish. Still it might be better to trade later than earlier. IMO if market pulls back to 15170, it would be a level to watch; a rejection could see another move down to 15024/15000. If however, market just goes down from here, 15090 would be a price I am inclined to watch for a long for a move higher.by FadeMeIfYouCan0
GER 30 ShortConfluence 1. Daily Ichimoku Conversion line below the base line indicating for bearish direction. 2. Weekly Ichimoku also suggest bearish nature 2. 61.8% Retracement co-inside with trend line. 3. The situation in the Middle East can get worse which might push stocks down. Shortby redlotuscapital221
GER30 Did their retest GER30 NEW Forecast The price did their retest and now will start to reversed to up again the price is trading above resistance line which is 15155, so as long as treading above that zone, it will get the next target 15275. otherwise, if fall and stabilized under 15155 also under it 15020, gradually losing its positive momentum clearly to support the continuation of the proposed downward trend.Longby ElenaMayi446
DAX Short MöglichkeitWenn NY Tief durchgebrochen wird, kann es ca. bis 15040 runtergehen. Shortby VeeKay3D0
GER30We are looking for bullish opportunities as we are in a bullish momentumGLongby officialpotego_fx2
GER30 UptrendGER30 NEW forecast Yesterday, the price came under strong positive pressure after The Federal Reserve fixes interest rates, as expected, at a range of 5.25% - 5.50%, which is the highest in 22 years, so the price rises till 15130 and for now from there may be to do retest till 15020, and again will rise to get 15130 and 15230 stability under 15020 and under 14950 will ended any attempt uptrend Longby ElenaMayiUpdated 10
GER40 Short There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom. Shortby JD_TeenTrader2
DAX - the final call for bears to proceed to the gate- DAX rallied on the dovish Powell's conference - The price hit the resistance cluster at 1:1 + FR 61.8% + down-trend line - The fundamentals are still not very encouraging - Geopolitics don't help Shortby PetrBorosh4
DAX Doing 3 Wave Corrective Bounce From The LowsThe short-term Elliott wave view in the DAX suggests that the index has ended the cycle from the 31 July 2023 peak as a leading diagonal structure in a higher degree corrective sequence. Whereas the decline to 15468 low ended wave 1, wave 2 ended at 16042 high. Wave 3 ended at 14948 low & wave 4 ended at 15575 high. Down from there, wave 5 unfolded in a lesser degree 5 waves structure where wave ((i)) ended at 15103 low. Wave ((ii)) ended at 15288 high, wave ((iii)) ended at 14820 low, wave ((iv)) ended at 14914 high and wave ((v)) ended at 14630 low. Thus ended wave 5 of (A) as a leading diagonal structure. Up from there, the index is doing a 3-wave corrective bounce within the wave (B) bounce as an Elliott wave zigzag correction. While the initial rally to 14916 high has ended wave ((i)). Then a pullback in wave ((ii)) unfolded as a flat correction where lesser degree wave (a) ended at 14809 low. Wave (b) ended at 14933 high, and wave (c) ended at 14655 low. Above from there, the index is extending higher in wave ((iii)) as an impulse sequence. Near-term, as long as dips remain above 14630 low the index is expected to continue to extend higher for a few more highs. To complete the first leg of the bounce in wave A. Afterward, the index is expected to see a pullback in wave B. Then it should do another extension higher in wave C to complete the 3-wave corrective bounce.by Elliottwave-Forecast3
DAX: Approaching the 1D MA50. Buy the pullback.Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel Down as the current rally originated after an (almost) one month long 1D RSI Bullish Divergence. So as long as the price gets rejected under the 1D MA50, we will wait for a 4H MA50 pullback to open the new long and target the R1 level (TP = 15,575), a candidate to make contact with the 1D MA200 as well. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##by InvestingScope4
DE40 low risk entrylow risk entry is succesful, now there is no risk since SL is set as BE. DE40 was in down trend but now ending might be nearby andy_1155Updated 0
What is the next move for GER30 ? POV 1. Right now, it's uptrend to my sell zone above, looking for the buy side to sell zone above. 2. I got 2 zones, the first is 14932.64-14871.08(quite risk), and the second is 14757.67-14637.78 (recommence) ******* Hope you enjoy your trading***** please subscribe and leave a comment to show your idea or another pair your interests to analyze.GLongby tonickbouddasien332
GER30 NEW ForecastGER30 NEW forecast now the price trying to be down, stable above 14810 will be rise otherwise under it will be fall till 14700 or from there again will rise Today we have important news, so be careful about the strong movementShortby ElenaMayi6