Dax is bullish Target - 16150Excited for CPI ? i think news will push the price to 16150, what do you guys think?Longby Mysticc-Magnificent1
DAX to break to the upside?GER40 - 24h expiry A break of bespoke resistance at 16000, and the move higher is already underway. Trading close to the psychological 16000 level. 16000 has been pivotal. Prices have reacted from 15704. Daily signals are bullish. The bias is to break to the upside. We look to Buy a break of 16013 (stop at 15913) Our profit targets will be 16263 and 16313 Resistance: 16000 / 16100 / 16200 Support: 15900 / 15830 / 15704 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 OANDA3
Ger30 selling opportunity coming soonGer30 reached a psychological level and gaining liquidity from above swing order blocksGShortby Mindest_Mastery0
GER30 Long Pivot: 15885.00 Our preference: long positions above 15885.00 with targets at 16050.00 & 16120.00 in extension. Alternative scenario: below 15885.00 look for further downside with 15830.00 & 15770.00 as targets. Comment: the RSI lacks momentum.GLongby Daniel_Thompson2
DAX Elliott Wave Analysis for Thursday 10/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).11:50by AndyCuckoo1
10082023 - #DAXAlgo levels worked almost perfectly for DAX yesterday () as it rallied from the start, hitting the first resistance, before pulling back to the PZ and continuing higher. If US indices looks weak, DAX paints a more hopeful picture, looking somewhat supported but of course CPI today (which I think would move the market given how market is sideways these few days), anything can happen. But anyway, yesterday's price action is one of price trying to test the highs, failed but now is trying again. I would say it is more neutral to slight bullish. Just for European session itself, would like to see a pullback to the PZ, find support for a possible move to 16000; but given that it is CPI day, that level could be defended. If somehow CPI surprised with lower than expected, we are looking at a possible move to 16151 and let's see how it goes.by FadeMeIfYouCan0
DAX40 Will Rise much more HigherAs predicted some time ago DAX 40 broke 16300 Now.... I have marked the next levels for you Use proper stop European stocks rose on Thursday, and Germany's DAX 40 index climbed nearly 1% to touch its highest level since January 2022, driven by the optimism surrounding the potential breakthrough in US debt ceiling talks, with expectations that a resolution could be reached as early as the upcoming weekend. In notable corporate news, Deutsche Bank reached an agreement to pay $75 million to settle a lawsuit filed by women who alleged they were victims of abuse by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Meanwhile, luxury fashion brand Burberry reported a notable 16% increase in Q4 comparable store sales, while Royal Mail posted an annual adjusted operating loss of £419 million, which surpassed market expectations. Additionally, telecommunications company BT Group announced plans for up to 55,000 job cuts, despite reporting a 5% rise in full-year adjusted core earnings.Longby DaveBrascoFXUpdated 773
DAX40 hourly breakdownWith the DAX making all time highs and now creating new levels of support, the best we can do is work with previous levels. When an instrument is making ATH's it is difficult to chart exactly where the next level of resistance will be, as it is all untested area and it's up to the market to decide just how overbought it really is before we can move down. Looking at the DAX40 we can see several levels of strong support that may act as resistance in the future, such as the 16332.4 level which was the resistance created 2 months ago and is now acting as current support. Should we close blow this level, there is a no trade range that would be best to avoid purely due to price action potentially catching us out. Closure below 16267.2 would be great for sells, as there is a clean range below here and typically in the past when price has closed below this level price moves down towards 16242 and 16196. Dby FriesianFX4
DE30EUR 09-08 MovePair : DE30EUR ( Germany 30 Index ) Description : Consolidation Phase Impulse Correction SMC - CHOCH Bearish Channel in Short Time Frame Fibonacci Level - 61.80%by ForexDetective3
DAX Elliott Wave Analysis for Wednesday 09/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4). 13:36by AndyCuckoo0
GER30 possible long setuplooking for price to retrace back to marked zones before looking to scale in on long move.Longby Her_SpikesUpdated 0
DAX hits trendline support on China-led export concernsThe DAX has been hit hard over the course of August thus far, with German stocks on the back foot once again today. Despite being the traditional powerhouse of Europe, Germany appears to be struggling in terms of both economic output and above-target inflation. The latest German industrial production reading served to exemplify the troubles in Germany at the moment with a contraction of 1.5% in June representing the third significant monthly decline this year. Nonetheless, the DAX remains within an uptrend that has dominated 2023 thus far. The daily timeframe highlights exactly that, with the pullback seen over the past week bringing price into the confluence of the 76.4% Fibonacci retracement level, and ascending trend line. With that in mind, a potential bullish reversal could come into play here for the index. The break into record highs last Monday does highlight innate strength that could easily swiftly return. Today's concerns around Chinese imports do particularly hold sway in Germany, but the diminished inflation levels do signal a high likeliness for further accommodative action from the PBoC and Chinese government. Keep an eye out for a potential bullish reversal here for the DAX with a break below the prior swing low of 15447 required to bring an end to the bullish trend that has dominated the past year.GLongby ScopeMarkets2
Ger30 Bullish move upBased on the Daily timeframe possible move to the up side on ger30GLongby Mindest_MasteryUpdated 1
DAX Elliott Wave Analysis for Tuesday 08/08/2023We are looking at two scenarios for the DAX now. In the bullish scenario, there might be an opportunity to go long. In the bearish scenario, there might be an opportunity to go short.11:01by AndyCuckoo0
DAX Elliott Wave Analysis for Monday 07/08/2023We are looking at two scenarios for the DAX now. In the bullish scenario, we see an opportunity to go long. In the bearish scenario, there is an opportunity to go short.11:40by AndyCuckoo2
BULLS MIGHT TKE OVERWhen look on D1, we have Inv... H&Ss pattern and when you zoom in on H4 we have a double bottom. let us wait a break out & retest to confirm a bullish trend. NB:NO REVERSAL PATTERN NO ENTRY.Longby Bonga014
DAX Rising Support! Buy! Hello,Traders! DAX is making a rebound From the rising support So as the index is in the Uptrend I think that we Will see further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals9926
DAX will recover from lossesAfter the massive losses in the German benchmark index, there is a clear bullish divergence in the CumulativeDelta. Similar divergences can be seen in other timeframes. On the opposite side, no bearish divergences have manifested in the higher timeframes. Therefore, we assume that the price losses are temporary and that prices will soon head towards the recent all-time high.Longby Ochlokrat0
DAX: The fall is nearHello friends, in the video, I showed that there is an ending pattern in the weekly timeframe, which is clearly Negative normal deviation in the MACD indicator. Then, in the daily time, I determined the possible path of the price if the ending pattern breaks. The trigger for selling can be the break of the pattern in the daily time. From a fundamental point of view The release of China's trade balance index on Tuesday, August 8, can be very decisive. If the level is lower than expected, we will see a further drop in dax. Good luckShort00:26by Saman_fxtrader12
DAX Elliott Wave Analysis Higher Timeframe (06/08/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. 16:40by AndyCuckoo2
DAX BOUNCE LONGDAX is trading in an uptrend and the bullish bias is confirmed by the rebound we are seeing after the pair retested the rising support so I think the growth will continueLongby toatrades12
✅DAX WILL GO UP|LONG🚀 ✅DAX is trading in an uptrend And the bullish bias is confirmed By the rebound we are seeing After the pair retested the rising support So I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx5531