Germany is destined for upside to 20,893 according to thisWe have seen a textbook Falling Wedge form on the Daily with the Dax.
It seems like there has been a consolidation (range bounded) move before the next direction.
So looking at the indicators and sentiment of the markets, in the medium term it looks like DAX is destined for upside.
Along with the main markets like S&P500 and Crypto.
We just need the price to break above 20MA and we could see the next target at 20,893
WHat do you think?
Dax30
EUR/USD: PAT + VPA 10/21/2024Good morning,
I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks.
Several indicators have pointed to this:
1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high..
2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair.
3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200.
Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024.
TVC:DXY
OANDA:EURUSD
XETR:DAX
DAX TRADING IDEAHi again traders!
Here to bring you'all this idea about a bullish movement on DAX. Not a long term buy but a fast trade. The idea is to close it today before the market closes.
Why I think so?
The index has been on a three-day consecutive bearish movement. Dropping 500. After a manipulation, price seems to be holding on 5 minutes - 15 minutes frames, showing us a clear accumulation zone leaded by EMA9 and EMA50 ( 5 mins).
My potential profit is 104 points above the marked entry. Althought I think price is pumping on a few hours, could be possible to see a quick retracement before that.
DAX to challenge the all time highs?DE30EUR - 24H EXPIRY
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Previous resistance at 19300 now becomes support.
We look to buy dips.
Price action continues to trade around the all-time highs.
- We look to Buy at 19305 (stop at 19205)
Our profit targets will be 19555 and 19625
Resistance: 19400 / 19495 / 19600
Support: 19340 / 19300 / 19200
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.
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DAX: Anticipating a Healthy Retracement Amid Weak Eurozone DataThe DAX is showing signs of losing momentum after three consecutive bullish days, despite making new highs. Technically, it’s time for a healthy retracement towards the 19,100 zone to provide a solid base for continued bullish action. I plan to take advantage of the pullback, profiting from the downside move. If the price spikes and hits the stop loss, I will reenter the trade once the setup confirms itself again.
Technical Analysis:
• The 4H chart suggests that the market is struggling to maintain bullish momentum after the recent highs.
• A retracement towards 19,200 is expected, aligning with key support and Fibonacci levels, which would signal a healthier continuation of the uptrend.
• The price action appears to be in need of consolidation before further bullish progression.
Fundamental Analysis:
On the fundamental side, the Eurozone economy continues to struggle, as reflected in the recent PMI data. Manufacturing PMI figures across Europe are underwhelming, with most of the key economies showing contraction or slower growth:
• Spanish PMI (53.0) exceeded expectations, but other economies, such as Italy (48.3) and France (44.6), show weaker performance.
• The overall sentiment in the Eurozone remains fragile, which may further support the case for a pullback in the DAX index before any sustained bullish moves.
Given the technical and fundamental outlook, I’m positioning for a retracement in the DAX, expecting a drop to 19,100. If the trade does not play out and spikes toward my stop loss, I’ll be prepared to reenter once conditions align again. It’s essential to stay patient and trust the setup.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
DAX/GER retest yesterday high - prepare to shortTeam, with the DAX, we need to wait for the confirmation before we enter the short. We are waiting for the trend to be retested. And Confirm if it is a FAKE breakout.
We consider entering the short position at 18887-18883. STOP LOSS at 18953. We are updating pricing as well. Less confuse
Target 1 - 18832
Target 2 - 18790-18784
Target 3 - 18746-18723
DAX continues to trade around the all-time highs.DE30EUR - 24h expiry
Price action continues to trade around the all-time highs. Price action resulted in a new all-time high at 19050. Our short term bias remains positive. 50 4hour EMA is at 18663. A Morning Doji Star formation has been posted at the low.
We look to Buy at 18735 (stop at 18655)
Our profit targets will be 18935 and 18995
RR 2,5
Resistance: 18821 / 18900 / 19049
Support: 18800 / 18704 / 18600
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.
Germany DAX30 buy analysisAs the price didn't react to the area of value in 1H TF, So I think it is possible that the price come down again to touch our entry but it should NOT close below the low.
I'm waiting for a lower candle shadow that trigger our entry and then go up again.
we can set an order or wait for price to come to our zone and then look for a CHoCH in lower TF and then find an entry with more confidence.
Let's see what happens...
Dax Long position setupWe had a BOS to the down and then a CHoCH to the top.
Now we have to wait for a pullback, and I think this area has its potential to set an order.
This setup is in 4H TF, so also we can wait for the price to come into our area of interest and then wait for a CHoCH in lower TF like 15m TF and then find another entry zone...
DAX30/GER30 PREPARE TO SHORT ONCE THE PRICE HITTeam, I am waiting for the price to move toward our position to short.
We are considering shorting once the price hits below 18703-18697. The current price is at 18720
We assume the stop loss at 18775, but a safer stop loss level would be at 18817
Our target would be 18619.4. Please reduce or take profit from 50% to 70% of your volume at this price and trail your stop loss toward BE.
And second target is 18526