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Dax40long

DAX to break to the upside?DE30EUR - 24h expiry Posted Mixed Daily results for the last 2 days. Overnight losses have been limited. We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. 15956 has been pivotal. A break of the recent high at 15956 should result in a further move higher. The bias is to break to the upside. We look to Buy a break of 15966 (stop at 15866) Our profit targets will be 16216 and 16276 Resistance: 15956 / 16000 / 16100 Support: 15917 / 15800 / 15720 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
Don't give up on the DAX just yetYes, the DAX is clearly within an established downtrend on the daily chart. And its drawdown from its record high is relatively shallow at just -11.5% by historical standards - meaning we suspect further losses could be coming. Yet its failure to break beneath the December high and March low has not gone unnoticed. And given it formed a bullish hammer around these key level with a mild bullish RSI divergence, we see the potential for some mean reversion over the near term. Keep in mind that we have flash PMIs for the US and Europe today along with a speech from ECB President Lagarde, US GDP, PCE inflation and a Jerome Powell speech also in focus this week. And that leaves plenty of room for volatility for global markets.
XETR:DAXLong
by CityIndex
DE30EUR to form a higher low?GER40 - 24h expiry Intraday signals are mildly bearish. Trend line support is located at 15700. Preferred trade is to buy on dips. Prices expected to stall near trend line support. We look for a temporary move lower. We look to Buy at 15713 (stop at 15613) Our profit targets will be 15963 and 16013 Resistance: 15800 / 15900 / 15960 Support: 15772 / 15700 / 15600 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
Buying DAX at current support.GER40 - Intraday - We look to Buy at 13867 (stop at 13787) Levels below 13860 continue to attract buyers. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. A lower correction is expected. Our profit targets will be 14066 and 14096 Resistance: 14083 / 14160 / 14200 Support: 14000 / 13960 / 13860 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
Buying DE40 close to market.GER40 - Intraday - We look to Buy at 14433 (stop at 14364) Intraday signals are bullish. 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. The trend of higher lows is located at 14430. We look to buy dips. Our profit targets will be 14598 and 14648 Resistance: 14550 / 14605 / 14700 Support: 14430 / 14360 / 14300 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
Buying DE40 at previous resistance.GER40 - Intraday - We look to Buy at 14481 (stop at 14399) We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 14478. Our profit targets will be 14678 and 14708 Resistance: 14575 / 14700 / 14800 Support: 14500 / 14430 / 14350 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
GER40 to dip?GER40 - 11h expiry - We look to Buy at 14041 (stop at 13954) Our short term bias remains positive. We look to buy dips. 20 4 hour EMA is at 14033. Our profit targets will be 14258 and 14298 Resistance: 14330 / 14400 / 14500 Support: 14170 / 14100 / 14000 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
1
GER40 to break higher?GER40 - 13h expiry - We look to Buy a break of 12816 (stop at 12739) Short term bias has turned positive. A break of bespoke resistance at 12800, and the move higher is already underway. There is no clear indication that the upward move is coming to an end. Our profit targets will be 12997 and 13047 Resistance: 12800 / 12900 / 13000 Support: 12700 / 12600 / 12500 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
Buying DE40 on dips.GER40 - Intraday 9pm UK expiry - We look to Buy at 12534 (stop at 12444) Short term bias has turned positive. A lower correction is expected. Bespoke support is located at 12500. We look to buy dips. Our profit targets will be 12744 and 12794 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.
OANDA:DE30EURLong
by OANDA
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.
OANDA:DE30EURLong
by OANDA
DAX40 Double Bottom Formation In The 4 Hour ChartI am looking at a possible double bottom formation on the DAX40 on the 4-hour chart. We have seen nothing but bearish price action since we hit the daily resistance level around the 1395 price point on the 17th of August. Since then we have been making lower lows and lower highs, forming a descending trend line. We have tested this descending trend line twice. What is interesting about the second time we touched the trend line is that the second tap coincided nicely with retesting previous support flipped resistance. I have highlighted the neckline in yellow and have extended this zone to the left and right and we can see that the top of the current double bottom neckline is testing resistance that was once support if we look to the left. So we have some nice confluences here lining up already. Looking at the two bottom peaks, we can see they are around the same price level but looking below at the MACD, we clearly can see full divergence. The Histogram is weakening and the MA lines are trending upwards as well. This means that the bears (sellers) are weakening and at some point, the bulls (buyers) should be stepping in and taking control. When trading double tops and double bottoms, we always look for full divergence because this adds confidence and confluence to the setup. Now, to confirm this double-bottom formation, we need the rest of the formation to play out. We need the price to move impulsively upwards pushing past the descending trend line, then push and close above the neckline. We also need to see strong bullish volume accompany that bullish move. If we see that, and only If we see that, I will then be looking at reasons to go long. I will be waiting for a retrace back into the neckline and enter somewhere inside of the neckline retest. My targets will be previous daily resistance. Currently, we are still ways away from something like this happening. However, I wanted to bring this to your attention because it is good to be able to see patterns begin to form early. This helps us keep an eye on it and set alerts if need be. This also trains our eyes and gives us the ability to spot these patterns in the smaller time frames where the action occurs much quicker and decisions need to be made must faster. Let's watch what happens. If the double bottom formation doesn’t form and the price continues to drop, we may look for further short opportunities and other pattern formations. We can only trade what the charts give us. Hope you all have a fantastic first of September. See you on the next one. The Vortex Trader
OANDA:DE30EURLong
by TheVortexTrader
2
DAX Long Setup - Are The Bulls Back? I am looking at trading the DAX today on the 4-hour time frame. Yesterday, we saw a major drop from the top of the daily resistance level. Price dropped around 2.5%. As we are still trending upwards and making higher highs and higher lows, we are now looking for an opportunity to go long. I have been testing a new strategy involving Bolinger bands, a fib retracement which I use to find my entry, and a fib extension which I use to find my targets. This might be a great time to test it out in a live market. THE LONG SETUP I like to wait for the price to pierce the bottom of the Bollinger bands. Once I see that price has pierced it, I then look for some sort of reversal candle. Something like a DOJI candle. If I see this, I then wait for the next candle to be a bullish engulfing candle, confirming that bulls are indeed buying in this area. Once this 4-hour engulfing candle closes, I throw on the fib retracement tool from the bottom of the engulfing candle to the top. I wait for the price to retrace back to the 0.236 level. This will become my entry zone. Once the price retraces to this level, this is where I will go long. I then put on the fib extension tool. This tool has three clicks. The first click is at the bottom of the engulfing candle, the second click is at the top of the engulfing candle. The third and last click is just a horizontal extension of the second click moved out to the right so we can see the levels. Now normally, these two levels that appear on the chart can be used for two possible targets. However, I like to use the middle Bollinger band as a guide for a target as well as the top of the Bolinger bands. But, we need to get a minimum of a one to two risk to reward. If the top level coincides with the 1.618 fib level, then that’s perfect confluence. I normally place my stop a few pips below the bottom of the engulfing candle. Now, I do not like pin-pointing bottoms. This is why this strategy needs to be trend following. The engulfing candle helps confirm that the bulls are still intact. I would also like to see the engulfing candle close above the yellow resistance zone, although it doesn’t have to. However, if it does, this will show even further confluence to this setup. As I write this, the current 4-hour candle has around 50 minutes left until it closes. Let's watch and see what happens with this. Hope you all have a good Thursday. See you all on the next one. The Vortex Trader.
OANDA:DE30EURLong
by TheVortexTrader