If risk sentiment improves we can see more upside for the dax. We have BOE rate decision this week that migh affect the trade. I market the potential profit taking levels at session highs. Have a great week!
📊 In the four-hour time frame, due to the reduction of the upward movement momentum of the price, if the upward movement trend of the price is broken and the price stabilizes below the range of 17,900 units, there is a possibility of the price falling to the range of 17,750 units🎯🎯, and in case of strength, there is a range of 17,550 units🎯. 📊 Otherwise, the...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
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: 17,737.30 1st Support: 17,004.20 1st Resistance: 18,534.90 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
- The market has been trading below a bearish trendline in the first part of April, correcting the rally started at the beginning of 2024. The short-term trend was then bearish. - More recently, and since the impact over 17,480pts (50% Fibonacci), the German index has invalidated its short-term bearish trend. The market has registered a sharp rebound leading...
overall market comment I was clearly wrong with the bearish reading and bulls got another strong day and closed at the highs. Strong buying signal going into tomorrow for at least a bit more upside but we got so far, there is no reason why can’t make another couple of points to retest the all time highs now, where I expect sellers to step up again and bulls to...
Hey there, a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating. In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are...
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. 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 StdDev...
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...
GER40 - 24h expiry Yesterday's Marabuzo is located at 18065. Short term bias has turned positive. Risk/Reward would be poor to call a buy from current levels. The primary trend remains bullish. Preferred trade is to buy on dips. We look to Buy at 18065 (stop at 17965) Our profit targets will be 18315 and 18395 Resistance: 18234 / 18300 / 18400 Support:...
Looks like friday close was bullish for the ger30 price currently at the HIGHS waiting to see it to drop and give me a LoW price to buy the market.
We looking for selling opportunities as we still below the resistance zones and we are still having a bearish falling expanding wedge resulting in sells
Pair : Germany 30 Index Description : Symmetrical Triangle as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Impulse Correction " AB " Fibonacci Level - 61.80%
Could it go higher than 20,000? That's we 10% higher than today price. Melt up not done.
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...
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...
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...