We welcome you by the last DAX analysis of the month. We expected a downside yesterday with lazy price action. It was pretty clear shortly after the open that the volatility was beyond laziness. The price sliced through the support of 12 368 like a knife and within two hours, Dax stretched its range to some 170 points. Today we open with an ascending gap. ...
Exactly as we predicted yesterday, the statistics proved their strengths yet again. We couldn't be happier as these historical calculations have huge success! Dax broke through Friday's high, which had a probability of 87% and therefore we've labelled the analysis with a bullish bias. After the high was broken, sellers corrected the price action just to hand over...
We were able to reclaim support after triple divergence lower. Price should test resistance around 1.48745 area now.
Welcome to the first analysis of the 31st week. Friday's session turned out really nice. We found buyers at a good Thursday close support level and there was an intraday low formed there as well. Besides only one significant short candle at 2pm, Dax was drifting upwards for the whole intraday trading. The price then closed near its high. Important zones...
Yesterday's session started by the gap closure, just as we pinpointed. The resistance at 12 576 was retested twice and then the price action was dominated by fundamentals. The ECB President Mario Draghi hinted a possible rate cut into negative values to tackle Eurozone's economic stagnation. This scepticism influenced the German stock index DAX as well and we saw...
Yesterday we had a clear bullish bias as the statistics suggested the retest of previous day high and the gap closure. Both of these statistics were successfully fulfilled and those who took advantage of this might have scored nice profits. The beginning of yesterday's session started with a slight downward move caused by French and German PMI reports, before the...
First higher high made since mid June. If we will retrace back to support area, we can expect a bounce to the upside.
Our Statistical Application did a great job again. As per the statistical probabilities, it was very likely that Dax would continue its upward move and so it happened. The price went up just to slow down at the resistance level of 12 380 and then went over the roof, making a strong upward momentum for the entire intraday trading. Important zones Resistance: ...
Yesterday's session was fully dominated by bulls. They managed to grab the momentum taking Dax slightly above the resistance level of 12 330 that we highlighted yesterday. This zone functioned with a slight delay as the price corrected shortly after. The session was closed in black numbers priced 12 293. Important zones Resistance: 12 380 Support: 12 234, 12...
Both buyers and sellers could take good advantage of Friday's session. Dax first headed upwards and stopped at 12 330 where the price sharply reversed. Bears were held down at 12 200, slightly below our mentioned support zone. The session ended near its open priced 12 227. Important zones Resistance: 12 330, 12 380 Support: 12 234, 12 200 Statistics for...
We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday. Today's price opens at yesterday's resistance zone and with a big ascending gap. Important zones Resistance: 12 380 Support: 12 234 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL ...
Yesterday's session was exemplary from the price action point of view. The descending trend line functioned as a resistance and the price bounced off that level. Bears were aggressive enough to create a strong momentum, pushing Dax lower till the session end. This strongly negative day was closed at 12 294. Important zones Resistance: 12 293, trend...
Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day low formed there. Dax opened with a descending gap this...
Break back below S/R level with LL printed. Any pullback should provide decent short opportunities in confluence with 0.168 fib and nakedPOC. Targeting 58 area.
Monday's session started wild and many traders were facing problems with unexpected volatility. Dax first spiked upwards quite prudently, just to correct itself soon after. If you remember, we suggested not to trade yesterday as the price development was unpredictable. Good to those who took a break. Dax also broke both Friday's low and high, which had a very low...
Friday's price action ended prematurely, soon after the session opened and Dax fell by some 80 points. Following was a sideway movement and closing in the middle of the intra-day range. Today we open with an ascending gap which might soon be closed. Important zones Resistance: NIL Support: 12 277 Statistics for today Detailed statistics in the Statistical...
This is the last analysis of the week. As expected, Dax initially declined yesterday and closed the gap. Buyers entered at our support but didn't last long. After some 35 points, buyers were overpowered by sellers again. Following was a retest of 12 328 level which was broken out by some 16 points before buyers flexed their muscles. Today we open with an ascending...
Wednesday's session was interesting too. Dax first started to descend towards our support at 12 326. shortly before this level, bulls took control and the price shot aggressively up. After a prudent upside move, Dax dropped again slowed down significantly. The statistical probability of closing inside the previous day range was also fulfilled successfully. The...