GER40 midterm outlook The German benchmark index should not have reached its low yet. I expect that the downward trend should find its end in the area between 11044 and 11449 and from here, at least for the moment, a strong correction should begin, if not new record highs could be reached from here.
Dax40
GER40 Buy a break of recent high.GER40 - Intraday expiry 9PM UK - We look to Buy a break of 12353 (stop at 12269)
We are trading at oversold extremes.
A break of the recent high at 12350 should result in a further move higher.
A higher correction is expected.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 12558 and 12598
Resistance: 12200 / 12350 / 12500
Support: 12100 / 12000 / 11900
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.
Buying DE40 Weekly pivotal levels.GER40 - Intraday - We look to Buy at 12452 (stop at 12359)
With signals for sentiment at oversold extremes, the dip could not be extended.
Weekly pivot is at 12426.
Weekly pivot is at 12374.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Support could prove difficult to breakdown.
We look to buy dips.
Our profit targets will be 12678 and 12758
Resistance: 12600 / 12700 / 12800
Support: 12500 / 12450 / 12400
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.
DAX Testing the March Support. Potential Triple Bottom.The DAX futures index (FDAX1!) followed exactly what we pointed out on our last analysis more than a month ago, as it got rejected on the All Time High Lower Highs trend-line (1) and is now approaching the Support Zone that started after the March 07 Low:
As you see, that Support Zone has so far made a Double Bottom (March 07 and July 05) and along with the Lower Highs trend-line (1) have formed a massive Descending Triangle that is on the verge of breaking out. With the 1D RSI on Higher Lows since March 07, a bullish break-out is quite likely and it should target the 1D MA200 (orange trend-line) around the 0.382 Fibonacci retracement level. Note that the 1D MA200 has been untouched since February 02. However no further buying can be engaged with as the price will still be limited to the Lower Highs trend-line (2). In our opinion, only a break above the 1W MA50 (red trend-line) can restore the bullish sentiment on DAX on the long-term.
If on the contrary the 12360 Support breaks, we expect aggressive selling that can target the -0.236 Fibonacci extension around 11435.
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Selling into previous swing high DE40.GER40 - Intraday - We look to Sell at 12866 (stop at 12941)
Our short term bias remains negative.
Preferred trade is to sell into rallies.
50 4hour EMA is at 12871.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 12688 and 12648
Resistance: 12700 / 12800 / 12900
Support: 12600 / 12500 / 12400
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.
Ready for a big short, target 10492Following weekly chart.
Marked H&S setup in the chart and we got a clear confirmation with the last week's candle.
War in Europe and recession expectations are supporting the trend.
If formation works, we have a formation target in 10273.
The rest of them are potential ones for which we have gaps in the post-covid bull run.
TP1 10492
TP2 10273
TP3 9506
TP4 8694
SL 14000
GER40 has turned negative again.GER40 - Intraday - We look to Sell at 13014 (stop at 13081)
Short term bias has turned negative.
50 4hour EMA is at 13034.
20 4hour EMA is at 13029.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 12851 and 12811
Resistance: 12900 / 13000 / 13100
Support: 12800 / 12700 / 12600
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.
Buying a simple DE40 support.GER40 - Intraday - We look to Buy at 12901 (stop at 12829)
We look to buy dips.
We look for a temporary move lower.
We are trading at oversold extremes.
Bespoke support is located at 12900.
Our profit targets will be 13078 and 13118
Resistance: 13100 / 13200 / 13300
Support: 13000 / 12900 / 12800
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.
GRXEUR Sell the break of yesterday low.GER40 - Intraday - We look to Sell a break of 13029 (stop at 13101)
Short term momentum is bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
A break of the recent low at 13048 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 12861 and 12811
Resistance: 13120 / 13200 / 13300
Support: 13030 / 12900 / 12800
Daily analysis & day trading setups DAX DAX40 DE30EUR 12 SEP 22Happy Monday, Happy New Week,
Dax is now negotiating 50 DMA @ 13182. Now we are reaching a major infliction zone from 13300 to 440. The floor is still fragile at 13k
Macro EU ECB De Guindos & Schnabel speeches
Buy
Break: 13 203, 269, 323
Reversal: 13 154, 096, 034, 12 964, 915, 848
Sell
Break: 13 164, 108, 041, 12 974
Reversal: 13 215, 276, 336, 403
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
You can now copy my zones directly to chart by clicking on the following:
www.tradingview.com
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
A 3-wave rally on the DAX stalls at 13k ahead of ECBThe ECB (European Central Bank) raised rates in July for the first time in a decade. Today they will raise rates again, and the question is whether it will be by 50 or 75bp. With the Europe likely headed for double digit inflation then the case for a hawkish 75bp hike there. And like they did in the July meeting, ECB policy makers are also likely to express concerns over euro weakness – given it has since traded below parity since. But with Europe staring down the barrel of a recession, aggressive tightening won’t help fix high energy prices. So the ECB is caught between a rock and a hard place but on balance I suspect a 75b is on the cards (as it provided more room to cut when the inevitable recession makes its entry).
The 4-hour chart shows the DAX has risen to the 13,000 resistance zone ahead of today’s ECB meeting.
It has also formed in three waves which suggests it is corrective, so we’re on the lookout for a potential swing high to signal the end of the correction.
Also note that the 100-bar EMA and weekly R1 pivot are in the resistance zone, which adds extra weight to the area.
Should we see evidence of a swing high then the initial downside target becomes 12,800 – near the weekly pivot point and trend support, a break beneath which brings 12,600 into focus.
The bias remains bearish beneath the 13,056 high – a break above which invalidates the 100-bar eMA and assumes bullish continuation.
Daily analysis & day trading setups DAX DAX40 DE30EUR 09 SEP 22Happy Friday,
DAX keeps entering and failing the zone starting at 12928. Yesterday's key levels are still in play. You can find it by clicking here (Opens in a new tab/windows so you will not lose this)
In the absence of a catalytic news, it is likely to post an inside daily bar. So today's range is constrained by yesterday's OHLC
Macro EU ECB Lagarde Speech, CAD Unemployment Rate, US Fed Waller Speech
Buy
Break: 12 975, 13 030, 091
Reversal: 12 855, 785, 678, 617, 554
Sell
Break: 12 871, 797, 695
Reversal: 12 991, 13 044, 108, 160
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups DAX DAX40 DE30EUR 08 SEP 22Happy Thursday,
Market will be nitpicking at the coordinated CB speeches today so get ready for some choppiness and sideways moves
DAX has 12928 to 13154 range with mid zone at 49 to 55
In case of extreme moves beyond buying & selling levels
↗️ Upside key levels: 13 052, 125, 197, 294 & 432
↘️ Downside key levels: 12 955, 817, 678, 582, 509
Macro EU ECB Monetary Policy Decision, Lagarde Speech, US Jobless Claims, Fed Powell Speech, CAD BoC Rogers Speech
Buy
Break: 13 055, 93, 145, 215
Reversal: 12 975, 920, 860, 786, 718
Sell
Break: 12 993, 936, 871, 805
Reversal: 13 108, 163, 229, 288
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups DAX DAX40 DE30EUR 07 SEP 22Happy Wednesday,
We are in bataille royale now - 12600 to 13k. Whoever crosses the line first wins in whichever direction.
Mind the gap - 90 pts lower open overnight so it can go to 12810 first to bridge the gap.
Levels to watch on upside are 12 767, 881, 974, 13 088
Levels to watch on the downside are 12 724, 674, 561, 474, 416
Macro GB BOE MP Report, Bailey Speech, EU GDP, US Trade Balance, Fed Brainard Speech, Fed Beige Book, CAD Interest Rate
Buy
Break: 12 810, 905, 13 012
Reversal: 12 660, 582, 492, 430
Sell
Break: 12 721, 678, 596
Reversal: 826, 928, 13 030, 110
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups DAX DAX40 DE30EUR 06 SEP 22Happy Tuesday, Happy PMI Day,
Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction.
Levels to watch today are 442, 677, 940 & 991
Macro US S&P PMI, ISM Employment Index, New Orders Index, Services PMI, Services Prices Paid
Buy
Break: 12 750, 786, 848, 886, 924
Reversal: 12 709, 657, 630, 603, 565
Sell
Break: 12 709, 641, 603, 554
Reversal: 12 764, 848, 886, 924, 977, 13 004
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
You can buy again cheaply, I closed it myselfAccording to today's German data, you can close today and go long again at a lower price
Is winter as hard as it is priced or are we oversold #dax40 Is winter as hard as it is priced or are we oversold? So far, the market has only focused on the lack of Russian gas, while the reports indicate that there are enough reserves for the coming winter. Are we facing a big squeeze? It is not far from expected. An example is that element, which has shifted its focus from fossil fuel power plants to nuclear power plants again in order to overcome the energy crisis.
DAX daily say : more down side posible to 12500 areaALERT |: trade dax and OTHER index need minimum 5-7 year practice on demo account ...they other world than forex need very very high skill and patience
above green arrow i am going to pick buy for hold 2-3 month personally i believe 12444 i lowest low and then dax must start +up trend , but with zigzag and mini crash
good luck