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Daxanalysis

TRADE UPDATE Dax Index well on the way to the first targetDAX initially formed a large Falling Wedge. Then before the price broke above it formed a Reverse Cup and Handle. The price broke not only out of the Brim Level but also out of the Wedge. This gave a HIGH probability trade to buy and hold long. Other signals confirmed too with 7 >21 >200 - Bullish RSI>50 Uptrend line still strong. I'm still happy to set the target to 16,375. Once could even place their stop loss just below the most recent low with the trend line.
XETR:DAXLong
by Timonrosso
DAX traded to the highest level in 62 weeks!GER40 - 24h expiry - Daily signals are bullish. Traded to the highest level in 62 weeks. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 15683. 15791 has been pivotal. A break of the recent high at 15791 should result in a further move higher. We look to Buy a break of 15801 (stop at 15681) Our profit targets will be 16101 and 16151 Resistance: 15791 / 15900 / 16000 Support: 15630 / 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
DAX: Beam us up, Mr. Scott! 🖖Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek , DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.
EUREX:FDAX1!
by MarketIntel
Will DAX find support at current lows?GER40 - Intraday - We look to Buy at 15275 (stop at 15195) Daily signals are bullish. Short term momentum is bearish. 20 1day EMA is at 15305. Bespoke support is located at 15300. We expect prices to stall close to our bespoke level (15300). Our profit targets will be 15475 and 15515 Resistance: 15500 / 15580 / 15660 Support: 15400 / 15350 / 15300 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
Can GER30 buyers resume the trend? Hi, and welcome to today's GER30 update. Yesterday buyers fought back from the range low to post a solid session that could be stage one in a new leg higher that could continue the current trend. Buyers still have some work to do. We want to see a break of yesterday's high and a break of the current resistance and highs set last week. A new trend point has started forming, but buyers still have to confirm it. We can see price has started to confirm, and the moving average and CCI are supporting possible higher prices, but for now, buyers need to take that final step. A piece of key data may have an impact, and that's today's US CPI data. The CPI data will be released tomorrow at 12:30 am AEDT. If the data matches or comes in lower than expected, this could boost stocks. If it comes in worse than expected, this could favor sellers. 15,500 is the current resistance, and support is seen at 15,260. If buyers can break yesterday's high, that's a solid first sign, but we feel the market will be waiting on the CPI data before we see some real direction. Good trading.
EIGHTCAP:GER30Long
by Eightcap
DAX broke into a new higher high.GER40 - Intraday - We look to Buy at 15422 (stop at 15342) 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 15421. A lower correction is expected. Our profit targets will be 15622 and 15652 Resistance: 15525 / 15572 / 15700 Support: 15480 / 15400 / 15350 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