DAX analysis for 16.4.2020Hello DAX traders!
The buyers were not strong enough yesterday and the support at 10 500 EUR did not stop the sellers. What can we expect today on EUREX:FDAX1! ? Will there be another sell off? Check the video for some new ideas!
I wish you good trading, guys.
John
FINEIGHT Team
FDAX1!
DAX analysis for 15.4.2020Hello traders!
Yesterday I shot a video about drawing support and resistance levels on EUREX:FDAX1! and I mentioned that I am going to be looking for some long trades from the support at 10 500 EUR. Today after opening the price went down and now is bouncing from this level. I entered with a part of my position and I am waiting for a confirmation to enter with the rest.
I am expecting the price to go higher today and in the longer term, we should be hitting the high from March 10 and filling the gap above.
Stay tuned for more updates.
Have a nice day!
FINEIGHT Team
DAX analysis for 9.4.2020Hello,
yesterday EUREX:FDAX1! tried to go lower several times during European session. Sellers were more aggressive than buyers as you can see from the chart. When the price was going down, the movement was much faster than when it was coming back up. But eventually they were not able to break the pre-market low and the price went higher in the late afternoon.
Today DAX might continue to grow, so we are going to be looking at some lower time frame confirmation and opportunity to get in.
Have a nice day!
FINEIGHT Team
DAX analysis for 8.4.2020Hello traders!
So, yesterday we went through a major rezistence on EUREX:FDAX1! at 10 410 EUR. I took a long, went little bit more then 1:1 RRR in my favor, but then the price started to collapse slowly. The rest of the European session was quite boring and we finally got some movement after
4 PM CET.
Since the market eventually reacts on our resistence, we are expecting some more downtrend for today. The major support will be at around 10 000 EUR.
Good trading!
FINEIGHT Team
DAX analysis for 7.4.2020Good morning, folks!
After hitting 10 000 EUR yesterday on EUREX:FDAX1! the price continues up very fast. The close yesterday was above the high from 25.3.2020 which confirms the breakout from the trading range and we are looking for some long opportunities. Buyers are breaking 10 410 at this very moment, so I am going long from a lower time frame.
Stay tuned for more updates and have a nice day!
FINEIGHT Team
DAX - new week openingHello traders!
We have a new week here and after the very lazy end of the previous week we are looking forward to some new opportunities. The opening today was very big and it looks like the market is rested and ready for some nice movements. We have over 400 pips opening gap to the upside and the price has been going up all day. There were some nice intraday opportunities from my perspective, but now the price hit very important resistence at around 10 000 EUR.
We can not tell if buyers are going to be strong enough to continue to push the price higher yet, but usually some retracement takes place from such a strong level, so don't be rush with your breakout long trades. ;-)
We are going to wait for some confirmation of the breakout or collapse back to the trading range before making any swing trade, so stay tuned for new updates!
Good trading, guys!
FINEIGHT Team
DAX: Sell target reached. Now strong buy opportunity (long term)Following our previous Sell Signal on DAX (Descending Triangle) which you can see here:
We turn to a much longer time frame, the Channel Up since the December 2018 bottom. Among fear of the coronavirus outbreak, the index has crossed below the 1D MA200 (RSI = 32.658, MACD = -1.310, ADX = 34.677, Highs/Lows = -1.6279) and is now testing the Higher Low trend line.
This trend line has held twice before (December 27th, 2018 and August 15th 2019) providing excellent long term buy opportunities. We believe such an opportunity exists now as well as the 1D RSI is also near its 27.000 Support, which has been holding since October 24th 2018. See also how the 1D RSI is in phases and currently repeating the bottom sequence. The RSI tops before the actual price does.
In conclusion this is a solid long term buy opportunity and our Target Zone is 13,800 - 14,000.
See how accurate DAX long term levels are. We have found fractal analysis very useful in identifying long term trends and their buy/ sell entries. We predicted the 13,800 High back in April 2019 when DAX was still trading at 11,600:
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DAX: Sell opportunity towards the 1D MA50.DAX as most indices has been very bullish since the start of the year (strong 1M Channel Up since the 27 December bottom) but lately in particular has been sustaining a strong 1D Channel Up (RSI = 64.920, MACD = 140.500, ADX = 26.747, Highs/Lows = 0.000) since mid August, that even broke (marginally) above the 1M median.
This is similar to the Channel Up during the first half of 2019 and based on the 1D RSI sequence, it requires a contact on the MA50 before making a new High. We have set a target within 12,815 - 12,740.
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Comments and likes are greatly appreciated.
Dax - Sell on Pullbacks into Risk Off Sentiment!Risk Off!
After Trump's addition of tariffs on Friday,
China has gone on the offensive by asking state
buyers to halt US agricultural imports. We are
sure to receive a response from the US soon enough.
We expect further downside to equities.
Sell on a pullback to Friday's low.
Dax - Continuation Short Setup!Equities lost ground last week, as earnings
reports from major US banks and other large
US companies didn’t inspire a lot of confidence.
This week sees some of the FAANG
companies report – with Facebook, Amazon and
Alphabet in the lineup of earnings reports.
Bellwether Caterpillar also reports so the
forward guidance from these companies will
shape expectations for the global economic
outlook in the second half of 2019.
We like shorting through the continuation
levels today, during the EU morning session.
Dax - Risk Off in Play, Short at Market! Asian equity markets track declines in the US,
earnings and trade concerns on the radar.
Japanese equities underperform amid continued
uncertainty related to Korea/Japan relations;
Earnings-related concerns weigh on Canon Inc and AGC
Netflix declines over 11% following earning/guidance
We like continued downside today following
this risk-off sentiment. Short at market even!
Dax daily: 21 Jun 2019Those of you who drew the resistance line at 12 433 haven’t done so in vain. Look at this luxurious reaction from that level.
After a nice short move from the 12 433 level, Dax eventually found some buyers around Wednesday’s close. Today, the price opens with a significant short gap.
Important zones
Resistance: 12337, 12373
Support: 12219, 12191
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:15 – 10:00 CEST – Eurozone PMIs
Dax daily: 20 Jun 2019By looking at the past two sessions, it is very clear that the waiting for FOMC does indeed affect the Dax. Yesterday’s session only had a range of 70 points and most of the time, we traded sideways, slightly to the downside. The session ended at the price 13 312.
Important zones
Resistance: 12 433
Support: 12 281
Statistics for today
25 % gap close
Detailed statistics in the Statistical Application
Macroeconomic releases
none
Today’s session hypothesis
Today’s morning gap did surprise many traders. The Dax jumped 59 points to the upside to test our long-term resistances. The probability of closing the gap is only 25%. It seems that this is a sign that we might test higher prices. Immediately this morning, we are battling with the resistance 12 378, next resistance is at 12 433, where buyers might slow down.
Dax daily: 13 Jun 2019 Yesterday’s session can be characterized as a very lazy one. Dax first took a slight climb towards our resistance at 12 117 where we found some sellers. Following was a 55 points move down. That’s about it, nothing more interesting from the price action perspective as the price was ranging lazily for the rest of the session duration. The overall intra-day range was below the average 70 points. Today’s gap has already been closed.
Important zones
Resistance: 12 144, 12 194
Support: 12 012
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today’s session hypothesis
Due to the fact the price hasn’t moved anywhere yesterday, our zones remain unchanged. If the price reaches 12 144, we expect to see some bearish push towards 12 012. Considering the fact there are no relevant news scheduled for the day, the session might turn out similarly to that of yesterday.
Dax - Looking to Short on Pullbacks!US equities slid and sovereign bonds surged as investors
feared President Trump's shock move to slap tariffs on
Mexico risked tipping the United States, and maybe the
whole world, into recession.
The risk-off move has been strong during Asia and we
like Dax shorts as a way to play this theme into Europe.
Today, since we already pushed through the target,
we like shorts on pullbacks into the pullback zone.