The DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 18,671.33 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 18,450.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit...
DAX (FDAX1!) gave as an excellent sell opportunity last month (April 11, see chart below) that hit the 17700 Target and shortly after rebounded: The index yet again flashes a sell signal as the price got rejected yesterday exactly at the top (Higher Highs trend-line) of the 1.5 year Channel Up. In symmetrical terms, this is similar to the Higher High...
Price is rising towards the pivot and could potentially drop from this level to the 1st support. Pivot: 18,848.30 1st Support: 18,545.10 1st Resistance: 18,990.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
DE40 is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 18,534.90 1st Support: 18,319.76 1st Resistance: 18,892.20 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
Intraday Update: The German DAX is getting very close to the 18550 neckline of the head and shoulder pattern. A break lower may coincide with SPX below 5280
Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is...
Pair : Germany 30 Index Description : Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Completed " 12345 " Impulsive Waves Resistance Level
With the remarkable surge of the past few weeks, the DAX nearly reached the 19,000-point mark. However, just before reaching it, the momentum faded, leading to a period of weakness. Now, a strong hammer candlestick is visible in an important support area. Therefore, it can be assumed that the correction is now coming to an end and the DAX will once again approach...
Hello,Traders! DXY is trading in a Strong uptrend and The index broke the Key horizontal level Of 18,550 and is now Consolidating above it So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Orders Placed, no pending, all executed in time before the market made an impulsive move to the down side. Aim for a 50% retest zone, then call for buys on corrections, and sell again on impulsive move targeting PSTG 1 & 2
Intraday Update: After hitting the 127% extension this week, the German DAX may be at risk of testing the breakout point at 18568 which traders will be watching for a close above/below for the week.
Selling Dax, supply looks to be strong enough to take us to demand below before continuing higher. Half risk again due to supply in an index.
Good Evening and I hope you are well. overall market comment Markets moved mostly sideways today but commodities are on a tear, except for Oil. We can expect more volatility on the commodities side, since they are in play and everyone want’s some. Be humble to net get caught on the wrong side and have strong momentum on your side. For stock indexes I expect...
GER40 - 24h expiry Price action continues to trade around the all-time highs. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. A Doji style candle has been posted from the base. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 18655 (stop at 18555) Our...
We have identified a potential change of trend to the downside, after an explosive move to the upside. We took sells and we are planning to exit on the previous low formed.
dax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I...
negative divergence major resistance around 19000 decreasing in volume the most estimated scenario support the droop to 18300/17600
We are expecting GER30 to reach our supply zone so we can find out entry