Dax daily: 22 Jun 2020
The last session of the past week turned out well for sellers. They managed to get down to a support level at 12 151 where we saw a slight correction before Dax broke to the downside and closed the week lower at 12 112.
Important zones
Resistance: 12 151
Support: 11 829
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
After a long time, today's session opened without a weekend gap. Dax hasn't moved anywhere yet to determine the initial directional push. Following Friday's session outcome, we slightly favour bears now. Their target could now be the previous fair value from 15 Jun, laying at 11 829. Our upper S/R zone will certainly be an interesting one as it could be a decisive factor between buyers and sellers. Should the price return back above, Dax would trade in the same consolidation range where it was last week.
Important zones
Resistance: 12 151
Support: 11 829
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
After a long time, today's session opened without a weekend gap. Dax hasn't moved anywhere yet to determine the initial directional push. Following Friday's session outcome, we slightly favour bears now. Their target could now be the previous fair value from 15 Jun, laying at 11 829. Our upper S/R zone will certainly be an interesting one as it could be a decisive factor between buyers and sellers. Should the price return back above, Dax would trade in the same consolidation range where it was last week.
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