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Has DAX formed a top?DE30EUR - 24h expiry Yesterday's Marabuzo is located at 22635. An Evening Doji Star formation has been posted at the high. Posted a Double Top formation. We look for a temporary move higher. Daily signals for sentiment are at overbought extremes. We look to Sell at 22635 (stop at 22805) Our profit targets will be 22205 and 22105 Resistance: 22552 / 22700 / 22852 Support: 22370 / 22280 / 22100 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:DE30EURShort
by OANDA
DAX pullback US Automobile tariffs “in the neighbourhood of 25%”Yesterday, Wednesday 19th Feb, Germany’s DAX equity index experienced the biggest decline of the major European indices, with automakers like Volkswagen (-2.78%) and BMW (-2.28%) underperforming. Key Trading Level is at 21923 Support: 21770 followed by 21350 and 21060 Resistance: 22850 followed by 23000 and 23300 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:DE40
by TradeNation
2025-02-19 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Neutral. Biggest bear bar since November and we are close to the elections. Market printed 23000 to the tick and now what? Tops usually get a retest, which can be a higher or lower high. Given today’s strength and the timing of this move, it’s tough to hold any bigger bias for the next two days. current market cycle: bull trend (was trading range before and that was obviously wrong, sorry about that) key levels: 22500 - 23200 bull case: As long as this big bull gap down to 22000 stays open, bulls are fine. If bears close it, market turns neutral for the time being. We have elections on Sunday and at this point it’s probably a bumpy ride for the next two days. 22500 should be huge support for the bulls or we flush to 22000. Xetra high was 22935 which is too close to 23000 to not expect it to get hit. Can bulls buy the lows at 22500 in hopes for an immediate reversal? I doubt it. Too strong and we will probably need some time around (sideways movement) 22500 first. The big bull trend line is somewhat 250 points lower and if we get there, I expect huge buying. My bias is still bullish since I expect bigger upside from here than downside. Invalidation is below 21950. bear case: Bears had a huge day and closed below 22500, which is really god for them. Their next target is the big bull trend line around 22250 and if they have enough momentum, they can overshoot down to 22000. 22000 is also the 50% retracement of this recent bull leg, the gap close from last Wednesday and the daily 20ema. Big magnets there but I am cautious after big up and then big down. What I absolutely can’t see for now is anything below 21950. If we get down to 22000, we will probably see big buying for a retest of the highs. Invalidation is above 23200. short term: Neutral and cautious. Big up, big down, big confusion. If bears get follow-through, they have big magnets below but I highly doubt the bull trend line will be broken. medium-long term from 2024-02-16: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down. For now it’s still only up. 23000 likely next. current swing trade: None trade of the day: Sell anywhere. Market did not touch the 10m 20ema for 500 points down.
EUREX:FDXS1!
by priceactiontds
DAX extends drop to -500 points from ATHThe DAX hit a record high earlier in the day. Fast forward a few hours, it is now down 500 points from that high. A potential rebound may be on the cards, given how strong the trend has been. But this goes to show the markets go down as well as up. What caused the sell-off? Well, firstly it was US President Donald Trump raising the prospect of tariffs of up to 25% on automobile, semiconductor, and pharmaceutical imports. Then, concerns rose about the peace process talks over Ukraine without Kyiv’s involvement. Trump has just posted THIS about Zelensky: Think of it, a modestly successful comedian, Volodymyr Zelenskyy, talked the United States of America into spending $350 Billion Dollars, to go into a War that couldn’t be won, that never had to start, but a War that he, without the U.S. and “TRUMP,” will never be able to settle. The United States has spent $200 Billion Dollars more than Europe, and Europe’s money is guaranteed, while the United States will get nothing back. Why didn’t Sleepy Joe Biden demand Equalization, in that this War is far more important to Europe than it is to us — We have a big, beautiful Ocean as separation. On top of this, Zelenskyy admits that half of the money we sent him is “MISSING.” He refuses to have Elections, is very low in Ukrainian Polls, and the only thing he was good at was playing Biden “like a fiddle.” A Dictator without Elections, Zelenskyy better move fast or he is not going to have a Country left. In the meantime, we are successfully negotiating an end to the War with Russia, something all admit only “TRUMP,” and the Trump Administration, can do. Biden never tried, Europe has failed to bring Peace, and Zelenskyy probably wants to keep the “gravy train” going. I love Ukraine, but Zelenskyy has done a terrible job, his Country is shattered, and MILLIONS have unnecessarily died – And so it continues... By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:GER40
by FOREXcom
DAX pullback from ATH, support at 22563Key Trading Level is at 22563 Support: 270 followed by 22140 and 21923 Resistance: 23200 followed by 23300 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:DE40
by TradeNation
2025-02-17 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Nothing bearish happening, so max bullishness. I scalp long until it stops working because are obviously not. current market cycle: trading range key levels: 22500 - 23200 bull case: Bulls want 23100ish and keep going. Since no one is taking bigger profits and bears not doing anything, why would it stop? Scalp long. If we break outside the bull channel, which is likely in Globex session, wait for a pull-back to maybe 22700 and a good bull signal bar before longing again. Invalidation is below 21900. bear case: Bears not doing anything so let’s skip this. Daily close below 22500 changes that again. Invalidation is above 23200. short term: Can’t be anything but bullish. Goes only up. Scalp long until it stops. 23k next and likely 23100/23200 because xetra will likely overshoot somewhat. medium-long term from 2024-02-16: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down. For now it’s still only up. 23000 likely next. current swing trade: None trade of the day: Buying the Globex low since we could not even touch the close of last week. Market printed 1 decent bear bar on the 15m tf and that is obviously not enough to exit any long.
EUREX:FDXS1!Long
by priceactiontds
“Rheinmetall Pushes DAX Higher“ but until When?. Trend Lines and Moving Averages: • Moving Averages (MA): Check the 50-day and 200-day moving averages. DAX is trading above these averages and the 50-day is above the 200-day, that generally indicates an upward trend. A crossover (where the 50-day falls below the 200-day) might suggest a shift to a bearish trend. Stay tuned!! • Trend Lines: Draw trend lines connecting recent highs & lows. An upward-sloping trend line suggests bullish momentum, Which, in reality triggers an alarm for shortterm buyers to start selling and waiting for a pull back to buy cheaper by waiting downward-sloping bearish pressure. 2. Relative Strength Index (RSI): • An RSI above 70 typically indicates that the asset might be overbought, suggesting a possible pullback or consolidation.
FX:GER30Short
by Sal98
3
#202507 - priceactiontds - weekly update - daxGood Evening and I hope you are well. comment: Last week my bearish take was wrong again and market moved closer to 23000 than below 22000. Until bears start closing gaps below and breaking bull trend lines, this is still max bullish, no matter the valuations. Still hard to buy the highs, given that we are trading either above or at the high of all of the ones you can draw. We are also far away from the daily 20ema and markets always come back to them. For now it’s useless to look for shorts because bears are not doing anything to have a decent trade setup for shorts. Bulls buy every dip and make money, so join them until it stops working. Trade small. current market cycle: Bull trend (very climactic move last weeks, market needs to take a breather but it doesn’t) key levels: 21800 - 23000 bull case: Not much difference to last week, other that we are 700 points higher. Bulls buy it all because it continues to be profitable. Clear bull trend line around 21800 and if we get there, we can expect heavy buying to happen but I highly doubt we get there in the first place. Upper target is 23000. I expect a sideways correction much more than one to the downside. Longs closer to 22000 are better than ones closer to 22600, obviously. Invalidation is below 21800. bear case: A decent pull-back is overdue but that does not make it happen tomorrow. Bears need to start by closing the gap down to 22150 and testing the bull trend line. For now we can’t expect them to get much more than that. It’s likely that we only see the beginning of more profit taking, once we stop making daily new ath and market stops finding buyers buying new highs. Hasn’t happened yet, so don’t spend too much time looking to short this. Daily close below 22000 would be a huge surprise to me and then we can talk lower targets. Invalidation is above 23000. short term: Neutral until we have a daily close below 22000. Can only look for longs until we clearly stop making daily new ath and see bigger selling pressure. medium-long term from 2024-02-16: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down. For now it’s still only up. 23000 likely next. current swing trade: Burned the last shorts. Only long scalps for me as of now. chart update: Just highlighted current bull trend lines.
XETR:DAX
by priceactiontds
DAX overbought rally to new ATH, The Week Ahead 17th Feb 25The Dax (DE40) index price action sentiment appears bullish, supported by the longer term prevailing uptrend. The key trading level is at 21703, which is 07th Feb swing low. A corrective pullback from the current levels and a bullish bounce back from the 21703 level could target the upside resistance at 22000 followed by 22096 and 22200 over the longer timeframe. Alternatively, a confirmed loss of 21703 support and a daily close below that level could trigger a further retracement and a retest of 21600 support level followed by 21400 and 21240. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:DE40
by TradeNation
DAX (DE40) INTRADAY consolidation supported at 22220The DAX (DE40) intraday price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since the spike to intraday all time high at 22620 on 13th January 2025, the DAX price action is consolidating sideways, potentially indicating the overbought condition. The key trading level is at the 22220 level, which is the 61.8% Fib retracement from 12 Feb ’25 swing low. A corrective pullback from the current levels and a bullish bounce back from the 22220 level could target the upside resistance at 22480 followed by the 22620 and 22700 levels over the longer timeframe. Alternatively, a confirmed loss of the 22220 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 22154 support level followed by 22000 and 21800. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:DE40
by TradeNation
DAX H4 | Bullish uptrend to continue?DAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 21,968.60 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 21,700.00 which is a level that lies underneath a swing-low support and the 38.2% Fibonacci retracement level. Take profit is at 22,275.08 which is a level that aligns with a confluence of Fibonacci levels i.e. the 61.8% projection and the 161.8% extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Long
by FXCM
2
2025-02-11 - priceactiontds - daily update - dax Good Evening and I hope you are well. comment: I do think the profit taking is around the corner but for now that does not help. Longs are paying, so join the bulls or wait for bigger bears to appear. No more bullish targets from me. 20k was a bubble but 22k is beyond everything. -30% would bring us to 15% and that was the beginning of this bull trend in 2023-10. No matter how you draw the patterns, we are above all of them or at the very top. Looking for shorts does not help when the market goes only up. Join the momentum or wait for the profit taking to begin. current market cycle: trading range key levels: 22000 - 22300 bull case: Bulls have measured move up from last weeks low and there is a bull wedge line going up to 22300ish. No idea if we can get there but until we have a daily close below 20k, bulls have all the momentum on their side to continue. Invalidation is below 21900. bear case: Bears need to break below many bull trend lines and ema before this can start selling bigger. If bears could prevent the current gap from 22118 to 22180 tomorrow, that would be a start. Retesting 22000 would be the next step but for now the bull trend line is intact and we can’t expect it to break all of a sudden. If bears somehow get below 22k, which I doubt, 21850 is the next bigger target. Invalidation is above 22300. short term: Neutral. Can’t hold the bearish bias when market is only going up. Can this be the top and we go down from here? Yeah sure but the same logic was true at 20k. Picking tops is a bad game. Need to have a daily close below 22k before we can look for lower targets. Right now bulls are still creating gaps below and that’s bullish af. medium-long term - Update from 2024-02-11: I need to stop playing the top picking game. This trend is so beyond anything. Disgusting also. Big bull wedge on the daily chart has to break down and if we can close below 21900 again, I will look for lower targets. I still think this is a blow-off top and will be the exhaustive end of the trend but that believe does not help when the market is only going up. 19600 is my minimum bear target for this year. current swing trade: None trade of the day: Buying the open and holding because the low 21969 held, which was only couple of points below the Globex low.
EUREX:FDXS1!
by priceactiontds
DAX 40 Crosses the 22,000 Mark for the First TimeThe German index increased just over 3% in the past five sessions, driven by the strong performance of companies such as SAP, Siemens, and Deutsche Bank , which have posted gains exceeding 3% during this period. Notably, these companies represent more than 20% of the weight in DAX 40, making their positive performance a key factor in sustaining the bullish pressure that has now pushed the index to new all-time highs. Strong Uptrend The DAX 40 is currently in a strong uptrend, which has accelerated since November 2024. The price has now reached the 22,000-point zone , a potentially significant resistance level. However, for the buying momentum to remain intact in the short term, it will be crucial for bullish positions to hold above this level. Potential Correction At the moment, the RSI line continues to oscillate above the 70 level , signaling overbought conditions. Additionally, while the DAX price has been making higher highs, the RSI has been making lower highs, forming a bearish divergence. These two signals suggest that the recent buying activity may have created an imbalance in the market, which could open the door to short-term downward corrections. Key Levels to Watch: 22,000 points – A new critical resistance zone, aligning with the latest all-time high reached by the DAX 40. If buying activity remains strong above this level, it could help sustain the bullish bias and pave the way for further upward movement in the coming sessions. 21,300 points – A nearby support level, corresponding to a neutral zone from previous sessions, and also aligning with the 23.6% Fibonacci retracement level. This area could serve as a potential correction zone, and if price action falls below this barrier, it may lead to a sideways phase in the medium term. 20,300 points – A distant support level, aligning with the 50- and 100-period moving averages. If the price approaches this level, it could revive bearish sentiment and put the current uptrend at risk. By Julian Pineda, CFA – Market Analyst
FOREXCOM:GER40
by FOREXcom
3
DAX traders are not bothered about steel and aluminum tariffs It seems that MARKETSCOM:DE30 traders today don't care much about the announcement of US tariffs on steel and aluminum. In fact, the German index continues to show resilience and keeps forming new highs. But how can this last for? XETR:DAX 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:DE30
by Marketscom
9
#202506 - priceactiontds - weekly update - daxGood Evening and I hope you are well. comment: I still think we will top out around 22000 but I also think we won’t go down for meaningful points before we have printed that price. We now have made 7 consecutive green weeks and the odds of a pull-back are far better than another strong move beyond 22000. I will decide on Monday on swing shorts for at least 21k and will continue to scale in and out of shorts for this. current market cycle: Bull trend (very climactic move last weeks, market needs to take a breather) key levels: 20500 - 22100 bull case: Bulls want to print 22000 and then continue. As long as bears are not stepping in, bulls will continue because it has been profitable for 3 months straight. My base case for the bulls has not changed since last Sunday. We are at the top or have broken above multiple bullish patterns and I think the upside will probably be very limited. Bulls know that buying new highs in hopes of higher ones is unsustainable and we are close to the point where the bull wedge breaks and bulls will wait for pull-backs to buy. Invalidation is below 21400. bear case: Bears have a red bar on Friday, wooo ducking hooo. The bull wedge looks like it can break on Monday but bears know that 22k is the price to print, so I think they will be cautious. Only a big gap down on futures open and then follow-through below 21500 could change that. Bears can’t expect either the bull trend line nor the daily 20ema to just break on the next touch. They still have nothing until we see much bigger selling pressure. Anything below 21500 next week, would be a huge surprise for the bears. Invalidation is above 22200. short term: Neutral until we break below 21700. Below 21700 we will likely close the gap down to 21585 and test the lower wedge bull line. medium-long term from 2024-01-25: No more bullish talk. Full ducking bear mode. current swing trade: Scaling in and out of shorts with stop 22300. chart update: Adjusted bull wedge and bear targets.
XETR:DAXShort
by priceactiontds
DAX: Channel Up, Bullish Cross targeting 22,500DAX turned overbought on its 1D technical outlook (RSI = 71.428, MACD = 367.400, ADX = 47.746) which is signalling a strong uptrend ahead, especially with the 4H RSI rising on a Bullish Cross. The last time the Channel Up pattern traded on those numbers it was on January 15th, again after a 4H MACD Bullish Cross and a bottom bounce. That time it increased by +7.50%. That is again our medium term target (TP = 22,500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
1
2025-02-05 - priceactiontds - daily update - dax Good Evening and I hope you are well. comment: Strong bull trend from the open and I now have several measured moves that lead to 21800 and 22k. It would be surprising if bulls could not get it tomorrow or Friday. Can only get bearish again below 21550ish. current market cycle: bull trend until we get a daily close below 21550. key levels: 21400 - 22000 bull case: Bulls continue with higher highs and higher lows but the highs are barely higher. They will likely get another ath over the next 2 days but the upside will probably be very limited around 22k. Pullback has to stay above 21550ish but best would be to stay above 21600. Invalidation is below 21400. bear case: If bulls can not claim 21800 tomorrow, I do think we have a decent chance of a big reversal but for now, bears have completely given up and they need a bull trend line break to turn market neutral again. Invalidation is above 22100. short term: Bullish for 22k if we stay above 21550ish and if we get 21800 tomorrow early. 22k is possible over the next 2 days. medium-long term from 2024-01-25: No more bullish talk. Full bear mode. current swing trade: None. trade of the day: Buying anywhere I guess.
EUREX:FDXS1!
by priceactiontds
2025-02-04 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Gap is still open but bulls making higher lows. Can go both ways tomorrow and it will probably be another news-driven impulse. 50% retracement is 21560 on my chart and we are close to it, so don’t try to be clever and think you know which way the breakout will happen. Odds are even. Wait for it an hop along. current market cycle: bull trend until we get a daily close below 21600. key levels: 21000 - 22000 bull case: Bulls making higher lows but failed to close the gap. I don’t think we have seen strong selling at 21600 but since we have not moved down either, bulls chances of a breakout are as good as those for the bears. Bull targets are 21650, then 21755 and finally 22000. Invalidation is below 21400. bear case: I won’t make stuff up here. below 21550 bears are favored again but for now they are obviously not doing enough. First target is 21500 and then 21400. If 400 won’t hold, we quickly move down to 21200 again. Invalidation is above 21600. short term: Bullish above 21600 for 700/800. If we break below 21450, we will likely test 400 and then if bears are strong, below 21370 we go for 21200 again. Most likely is a continuation sideways between 21370 - 21550. medium-long term from 2024-01-25: No more bullish talk. Full bear mode. current swing trade: None. trade of the day: Buying the double bottom 21400. Big bars with huge tails below at a big round number. Just buy it.
EUREX:FDXS1!
by priceactiontds
German DAX Holding Strong Above SupportChart Analysis: The DAX Index continues its bullish trajectory, maintaining a steady uptrend with prices hovering near recent highs. Despite a minor pullback, the overall trend remains intact, supported by key technical levels. 1️⃣ Uptrend Intact with Rising Support: The trendline (blue) continues to provide dynamic support. A shallow retracement suggests buyers remain in control. 2️⃣ Moving Averages as Key Support: 50-day SMA (blue): 20,368.88, providing a reliable support zone. 200-day SMA (red): 19,066.15, reinforcing the long-term bullish bias. 3️⃣ Momentum Indicators Reflect Strength: RSI: At 67.70, showing strong momentum but approaching overbought levels. MACD: Trending higher, confirming continued upside momentum. What to Watch: A sustained move above 21,500 could trigger further upside toward 22,000+. A break below the trendline or the 50-day SMA could signal deeper consolidation before another leg higher. RSI nearing overbought conditions suggests traders should watch for potential short-term pullbacks. The DAX Index remains bullish, with rising moving averages and trendline support reinforcing the momentum. Traders should monitor price action near key support levels for potential buying opportunities. -MW
XETR:DAX
by FOREXcom
Decoding German DAX: Crucial Levels and Emerging PatternsFX:GER30 Current Market Overview Explore the latest insights into the German DAX index with a focus on pivotal support, resistance levels, and potential trading patterns. Support and Resistance Levels Support at €21,105: This level acts as a critical neckline for a potential Head and Shoulders pattern formation. We should watch closely for any breaks below this level, as it could signal further downside movement. Resistance at €21,557: A new resistance level has formed close to the 61.8% Fibonacci retracement level. This resistance may contribute to forming the right shoulder of a reversal pattern. Potential Head and Shoulders Pattern The Head and Shoulders pattern is a key technical formation to watch for: Formation Details: If the DAX breaks below the neckline/support at €21,105, it could confirm the formation of a Head and Shoulders pattern. Target Projection: A break below the neckline suggests a potential downside target around €20,452. This level aligns with the weekly fractal resistance previously breached at €20,529, which could act as support. Happy Trading, André Cardoso
FX:GER30
by Andre_Cardoso
5