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DAX Index

German Stock Index (The swing back to the resistant) View On German Index DAX (23 Aug 2023) DAX is in * Bullish in short term (Intraweek) * Bearish in Mid term (1 to 3 months) * Neutral Long term (3 months onward) DAX is the wild big swing recently from 15,500 to 16,500 recently. Basically it is a 1,000 swing and it has hit the support of 15,500 region for the second time in 2 months. We are currently experiencing a small bounce and it shall continue toward 16,000 region. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
PEPPERSTONE:GER40Long
by SonicDeejay
DAX40 H4 | Potential bullish breakoutDAX40 has hit the buy entry for a potential bullish breakout. Momentum could carry price higher towards our take profit target. Wait for breakout confirmation prior to entering the trade. Entry: 15797.95 Why we like it: There is a potential bullish breakout Stop Loss: 15705.25 Why we like it: There is a pullback support Take Profit: 16002.65 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DLong
by VantageMarkets
DAX Buy opportunity on the 1D MA200 and bottom of Channel Up.DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low. As long as it holds, we will take it as a buy opportunity and target 16700 (Internal Higher Highs trend-line). If it closes a 1D candle below the 1D MA200, we will take the small loss and open a sell targeting Support 2 at 14470. Notice how even the 1D RSI almost hit the 34.70 Support and is rebounding, which is an additional buy signal. Don't neglect also the fact that Friday's low was formed at the bottom of the 7-month Channel Up pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Long
by TradingShot
DAX to turnaround?GER40 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The primary trend remains bullish. Price action continues to trade around significant highs. A move through bespoke resistance at 15800 and we look for extended gains. A Doji style candle has been posted from the base. We look to Buy a break of 15821 (stop at 15721) Our profit targets will be 16071 and 16131 Resistance: 15800 / 15900 / 16000 Support: 15700 / 15600 / 15500 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.
OANDA:DE30EURLong
by OANDA
U.S Dollar Fundamental Analysis for Fri Aug 18th, 2023The dollar index eased to around 103.2 on Friday but was still on track to advance for the fifth straight week, as minutes of the Federal Reserve’s July meeting showed that policymakers stressed that upside risks to inflation remain, leaving the door open to further policy tightening. However, some participants flagged the economic risks of pushing rates too far, emphasizing that future rate decisions would depend on incoming data. The latest data also showed that the number of Americans filing new claims for unemployment benefits fell last week, pointing to continued tightness in the labor market. The dollar is set to gain against most major currencies this week but remains down against sterling as key measures of price growth monitored by the Bank of England failed to ease in July. The yield on the 10-year Treasury slid to 4.22% on Friday after rising to as high as 4.328% in the previous session, the highest since October 2022 and just a tad below its highest level since 2007. The fluctuation is due to investor concerns about the economic impact of high interest rates. The Federal Reserve's meeting minutes from July highlighted that there are still risks of higher inflation, suggesting the possibility of more tightening of monetary policy. Despite recent data indicating a decrease in inflationary pressures, a strong US economy and a robust job market are reasons supporting the continuation of high interest rates. The average rate on a 30-year fixed mortgage jumped by 13 basis points from the previous week to 7.09%, the highest since 2002, as the hawkish outlook for the Federal Reserve underpinned expensive mortgage rates for American consumers. A year ago, the 30-year fixed mortgage rate was 5.13%. "The economy continues to do better than expected, and the 10-year Treasury yield has moved up, causing mortgage rates to climb," said Sam Khater, Freddie Mac’s Chief Economist. "The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales." Source: Freddie Mac
TVC:DXYLong
by TayFx
17082023 - #DAXYesterday, market rallied as per my level to the exact resistance () and held there for like hours before it finally faltered. TBH when US indices made a dip and rallied, DAX was rather strong and thus was expecting a possible move to the upside. But instead it just ranged and eventually faltered on FOMC meeting minutes. With yesterday's down move, price is overextended, in terms of price action. and there is a bullish divergence on H4. IMO, bearish as it is, it is possible to try another long if market reclaims 15685 (support but now as resistance). Will be watching that level for a possible move to BZ and maximum yesterday's high near 15801 and possibly that is all for the safe upside for a possible down to 15589 next. If market just continue to go down, 15517 is good for a long. And just to say here, yesterday's SPY option point to a possible close of SPY at 445 or even higher but we got the sell. Could w really close at 445? It all depends on today.
OANDA:DE30EUR
by FadeMeIfYouCan
DAX Found Support on the Megaphone's Higher Lows.DAX is on the 8th straight sideways 1D candle as it found Support on the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern. The 1D MA50 (blue trend-line) is the short-term Resistance while the price is trading around the 1D MA100 (green trend-line) as pivot. We are bullish, targeting the Internal Higher Highs trend-line at 17000, as long as the Megaphone's bottom holds. The bullish extension may be even higher considering the fact that the medium-term pattern could be an Inverse Head and Shoulders (IH&S) that technically targets the 2.0 Fibonacci extension at 17400. If however the price breaks below the Higher Lows trend-line, we will short-term sell targeting the 1D MA200 (orange trend-line) where a 1D candle close below it, would justify a bearish extension to Support 2 at 14470. For now the trend remains bullish, as illustrated by the 1D RSI also which is on an 8-month Support Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot