DAX to stem dip again?GER40 - Intraday - We look to Buy at 15282 (stop at 15202)
Daily signals are bullish.
The bullish engulfing candle on the 4 hour chart the positive for sentiment. Preferred trade is to buy on dips.
20 1day EMA is at 15340.
Support is located at 15300 and should stem dips to this area.
Our profit targets will be 15482 and 15522
Resistance: 15556 / 15630 / 15660
Support: 15500 / 15450 / 15400
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.
DE40
DAX respecting the 4hour MA200DAX is staging a rebound coming close to the 4hour MA50 yesterday (has been untouched since January 4th). This is the normal technical reaction we expected on such an important Support Cluster (as the dotted line from the October 2nd bottom was also there) and was a short-term buy.
Maintain a tight SL though as a cross under it renders the price extremely bearish on the medium term that will target the 1day MA50.
A -6.60% repeat of December 14th - 16th gives a 14610 estimate. 4hour RSI still far from the buy opportunity when being oversold.
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DAX to breakdown?GER40 - Intraday - We look to Sell a break of 15279 (stop at 15359)
Overbought signals and exhaustion indicators offer fair reason to sell the index but we prefer to see a break of support before fading this impressive move.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Short term indicators have turned negative.
Bearish divergence is expected to cap gains.
A break of yesterdays low would confirm bearish momentum.
Short term momentum is bearish.
We expect a reversal in this move.
Our profit targets will be 15079 and 15029
Resistance: 15400 / 15450 / 15500
Support: 15283 / 15243 / 15200
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 about to break the diamond pattern to test 15k againHi all,
I see here a diamond pattern in the DAX which usually signal market tops and a reversal.
If DAX will break the Diamond trendline around 15.300 it signals me a short opportunity with targets at fib level around 15.180 where we will find also the 4H MA200. If we loose this level, DAX will test 15.000 again with final target 14.900
This is no financial advice.
DAX giving two excellent tradesDAX is inside a long term Channel Up pattern.
The price volatility in 2023 can be seen as a mini Rising Wedge on a Rising Support.
A similar Wedge was at the start of the Channel Up. When it broke, the MA50 1D got hit.
Trading Plan:
1. Buy on the Rising Support and Fibonacci 0.5
2. Buy on the MA50 1D if the Rising Support breaks.
Targets:
1. 15600 (under Resistance).
2. 16200 (top of Channel Up).
Tips:
1. The RSI 1D is imitating November/ December. Right now it is on the December Support. Use it accordingly.
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DAX The great February scalpNice illustration of DAX's sideways trading since the start of February. The Fibonacci levels help at finding the low risk/ high reward trades. And those are to sell on Fibonacci 0.786 and buy on Fibonacci 0.236. The RSI is on a similar range. Do this enough times to grow your profit until the pattern breaks.
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DAX May break lower from this pointDAX is trading on a Bullish Megaphone inside a five month Rising Wedge. The 1D time frame is in green (RSI = 60.102, MACD = 197.500, ADX = 27.090) but the 1D RSI has been sideways at best (if now on LH) for as long as the Bullish Megaphone trades, which is a bearish divergence. This is similar to the RSI formatio of the last Wedge High on Dec 13th after which a correction to the 1D MA50 took place.
Our plan is to take a tight long at 15,180 and if the price crosses below the Rising Wedge, enter it on the 1D MA50. In both cases we target 16,000.
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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.
GERMANY40 BEARISH SCENARIOGERMANY40 had broken through the support of the Rising Wedge candle sticks pattern, which is a sign for possible bearish movement of the instrument. Both MACD and RSI indicators are confirming the outlook: MACD histogram is below the 0 line, while RSI line is breaking the Overbought line from above, also a strong bearish indicator.
If this scenario continues, the price might fall to levels of 14 820, but in the opposite scenario the price might rise to 15 554
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DAX: Rising inside Channel Up. Sell when RSI overbought.DAX is trading inside a Channel Up on bullish technicals both for 4H (RSI = 58.830 , MACD = 35.400, ADX = 33.092) and 1D (RSI = 65.538, MACD = 212.600, ADX = 27.945). 1D is stronger as its pattern is a Bullish Megaphone for the past 1 month. Basically we are now expanding on the breakout signal given on Monday as shown below.
The Channel Up rises on every bullish leg by +1.80%, thus we are long (TP = 15,690). We will not short its top but rather wait for the more clear signal of the 4H RSI getting overbought above 70.000, which has happened all of its three times with the price hitting the top of the Bullish Megaphone. Then we will go short, aiming at the dashed line (TP = 15,600) which was hit every time the Megaphone printed a Higher High.
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DAX to find support at lower low?GER40 - Intraday - We look to Buy at 15252 (stop at 15172)
The trend of lower lows is located at 15250. 15243 has been pivotal.
Preferred trade is to buy on dips.
20 1day EMA is at 15250.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15452 and 15492
Resistance: 15400 / 15480 / 15510
Support: 15350 / 15270 / 15243
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 on a potential medium-term correction.Since our analysis last month, DAX (DE40) hit our target by rising more than +12.50%, as the previous rally fractal within the +4 month Channel Up suggested. Right now the index is loosely supported by the 4H MA100 (red trend-line), having already broken it 3 times, but managed to close all of them back above it. As on December 06 2022, a 1D candle close below the 4H MA100 could trigger the start of a medium-term correction back to the 1D MA50 (blue trend-line). A -6.50% pull-back from the top can even put the price slightly below the 1D MA50 but still on the 0.236 Channel Fibonacci retracement level.
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DAX Megaphone trading with clear breakouts to takeDAX trading pattern for the past 30 days has been a Bullish Megaphone. Throughout this whole pattern, the 4H RSI is having a clear Support to buy and a clear Resistance to sell. With 4H technicals neutral (RSI = 52.897, MACD = -5.800, ADX = 26.094) we have no option but to use breakout trading to limit the risk.
The current pattern appears to be following the one that started the Megaphone. As such, if the price breaks over the 0.618 Fibonacci we will buy and target the market top (TP = 15,640). If the price breaks under today's Low, we will sell and target the bottom of the Megaphone (TP = 15,125).
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GERMANY40 BEARISH SCENARIOThe GERMANY40 had formed a double-top on the daily graph, a strong indicator for potential bearish reversal on the instrument.
GERMANY40 had build a double-top candle pattern at 15614, which might indicate a potential bearish movement with target 14933 and bigger target at 13827. In the opposite scenario the price might continue its bullish movement and reach targets of 15925.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DAX Rising Wedge aiming at 4hour MA50 and bottomDAX with a strong rejection at the top of its Rising Wedge. Targeting the 4hour MA50 is the norm inside this pattern. As long as its not broken, buying is the action with 15750 the Target. Closing under the 4hour MA50 is bearish, with the Target at the bottom of the Rising Wedge (15100).
Best 2 week buy opportunity inside the RSI's Buy Zone.
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DAX on a thin thread eyeing the 1D MA50DAX is rebounding after holding the 4H MA50 (blue trend-line) and remains overbought on daily. The similarities with the November - December fractal evident and the 1D MA50 (red trend-line) untested since January 03, we expect a sharp short-term correction to it, if the 4H MA50 breaks again. The long-term pattern remains a Channel Up since the October 02 market bottom so our perspective is to take advantage of such short-term pull-backs and buy for the long-term.
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Will DAX find support at previous highs?GER40 - Intraday - We look to Buy at 15265 (stop at 15185)
Trades at the highest level in 50 weeks.
The previous swing high is located at 15272.
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
50 4hour EMA is at 15264.
We look to buy dips.
Our profit targets will be 15465 and 15495
Resistance: 15400 / 15480 / 15572
Support: 15350 / 15300 / 15256
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 with largest net daily gains in 21 days.GER40 - Intraday - We look to Buy at 15326 (stop at 15246)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Largest net daily gains in 21 days.
A break of the recent high at 15572 should result in a further move higher.
We look to buy dips.
20 4hour EMA is at 15319.
Our profit targets will be 15526 and 15566
Resistance: 15520 / 15572 / 15600
Support: 15400 / 15300 / 15220
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: Sell signal short term but bullish reversal if HH break.DAX turned overbought on the 1D time frame (RSI = 72.776, MACD = 187.300, ADX = 43.679) as investor euphoria spread across the stock markets on a dovish Powell, and the current 4H candle broke above the short term Channel Up. If it closes back inside the Channel Up, we will regard this a sell signal aiming at a -2.30% decline (TP = 15,100).
On the contrary, if DAX breaks above the long-term HH trend line first, we will buy and aim at the All Time High (TP = 16,300) as a repeat of the January 2nd - 18th +10.30% rally will be more probable.
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DAX This Resistance makes all the differenceThe German stock index DAX broke today (and so far stays ahead of the Fed) above the 4H MA50 (blue trend-line). On our last analysis two weeks ago, we pointed out that a Channel Up similar to November's would form and its break-out will deliver the next move:
As you see, the price traded exactly within that short-term Channel Up and delivered excellent scalping opportunities to us. Right now it is still intact and we are still scalping, only willing to commit to the direction on the next break-out.
A break below it should be enough to target the 4H MA200 (orange trend-line) as it happened on December 28 and then rebound for another medium-term bullish leg. If the Double Top Resistance breaks first, we will go long regardless, targeting the top of February's Resistance Zone (15730). Further break will extend our selling to the 16300 All Time High.
On the downside, if the price closes below the 4H MA200/ 1D MA50, we will buy again at the bottom (Higher Lows trend-line) of the long-term Channel Up (blue) near the 13900 Support (December 16 Low).
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