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Dax daily: 09 Aug 2019 The session yesterday started with an ascending gap which was closed yet in the morning trading hours. Sellers took Dax to retest the support level at 11 716 where we saw a power shift and buyers regained control of the further price development. The session was closed at 11 823. Important zones Resistance: 11 901 Support: 11 716 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Another gap opening but with a different situation today. It was quite probable yesterday that the gap was to be closed, just as we highlighted. Price opened above previous day's range and gap was at a strong S/R zone which was likely to be retested. Today we open in the middle of yesterday's session and it's not clearly defined who has the advantage. The statistical application indicates a 50% probability which is another undecisive information for a price estimate. We are left to wait for the price action and follow the mood of the market. We estimate today's trading ranging between 11 716 and 11 901.
EUREX:FDAX1!
by FTMO
Dax daily: 08 Aug 2019 Yesterday's session didn't offer any excitement exactly as we thought. What is important is that our resistance level at 11 702 functioned pretty well. Dax also broke neither low nor high of previous day range and this was corresponding with a very low statistical probability given by our application. Today we open with a significant ascending gap. Important zones Resistance: 11 901 Support: 11 716 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Does it look like another calm session? It seems to be, yet it's important to bear in mind that markets are always unpredictable and anything can happen. We could see the initial move to the downside to retest yesterday's close and close the gap too. Buyers might appear around 11 716 and lift the price towards 11 901. Should Dax descend below 11 716, we might see a slow down of the price action and close inside yesterday's range.
EUREX:FDAX1!
by FTMO
Dax daily: 07 Aug 2019 Yesterday's session was a bit odd. Dax behaved lazily all day long and has broken neither low or high of the previous day. The support level at 11 615 hasn't functioned either. The price opened with a small descending gap today which is already closed by the time we write this. Important zones Resistance: 11 702, 11 845, 11 899, 12 031 Support: NIL Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax has slowed down significantly after a big drop from 25 July. In the ideal scenario, we could see a correction towards 12 031 in the upcoming days with smaller corrections at the mentioned resistance levels. For today, we don't have any drivers or significant clues for the market direction estimation. There is a near resistance at 11 702 which could trigger some action of sellers. Besides, we can expect a lazier price action once again.
EUREX:FDAX1!
by FTMO
Dax daily: 06 Aug 2019 Monday's session had an expected development. We first saw buyers taking the price slightly up, yet not able to retest the 11 823 level. Sellers took over and pushed Dax to the support zone of 11 657. It took some time for this to be broken to the downwards and bears dominated the intraday session until the close. Important zones Resistance: 12 031, 11 899, 11 8845 Support: 11 615 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's price opens with an ascending gap which could be closed and adequately find buyers at 11 615. We can then target our trades to retest yesterday's high and retest of the resistance zone of 11 845 - 11 899. If there are no significant buying pressures around 11 615, it is more likely that yesterday's low will be broken. As soon as that happens, buyers could shift things around to correct the fall and Dax would likely to oscillate and close inside yesterday's range.
EUREX:FDAX1!
by FTMO
Dax daily: 05 Aug 2019 Friday's session started with a slight downward movement which prevailed for the whole intraday session. We've had a bearish based bias and our hypothesis played out as expected. Today we open with a really big descending gap. Important zones Resistance: 12 031, 11 899, 11 823 Support: 11 657 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 16:00 CEST - USA - ISM Non-Manufacturing Today's session hypothesis Today we open with a 170 points sized gap which equals the range of a volatile day session. There was a row of really nice S/R levels formed. The first zone of our interest is the resistance at 11 823 which could be retested today. If sellers aren't strong enough, Dax could head towards 11 899 and close the gap. Buyers might appear around 11 657.
EUREX:FDAX1!
by FTMO
Dax daily: 02 Aug 2019 Bulls were fast yesterday to take the central stage right from the beginning. The uptrend was steady with slight corrections on the way. Their efforts were halted by US President Trump and his flash Tweets which sent global markets to a hole, Dax inclusive. The session was closed lower at 12 065. Important zones Resistance: 12 283 Support: 11 979 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 14:30 CEST - USA - NFP, Wages & Unemployment Rate Today's session hypothesis Today's session will probably be characterized mainly by the Non-Farm Payrolls release over the pond. The volatility from the US Markets often echoes to Dax too. Besides the headline NFP, be careful to monitor the wages as these tend to matter most. Today's session was opened with a 60 points gap which actually has a very low probability of being closed. Considering this, we rather favour bears and the price decline. Yesterday's low was already broken and the next support that awaits us lays at 11 979 which also isn't any far.
EUREX:FDAX1!Short
by FTMO
Dax daily: 01 Aug 2019 And so August is here. Yesterday's price action was dominated by FOMC. Dax first closed the gap, found some buyers and then went idle. After the FOMC came out, the 83% statistical probability of breaking the previous day low was successfully fulfilled. The price closed the gap this morning right after the open. Important zones Resistance: 12 283 Support: 12 073 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs 13:00 CEST - United Kingdom - Official Bank Rate, Statement, Votes & Inflation report. All of these could influence DAX as well. Today's session hypothesis Most of the time, days following the FOMC are relatively calmer. Moreover, it's a summer holiday season. We have a weaker support zone near the current price, laying at 12 073. That level could be used by buyers. From the price action perspective, it is difficult to estimate today's direction development. Talking about the probabilities, we have 80% for breaking yesterday's high or low and then there is a statistical chance of 78% that Dax might close inside yesterday's range. Taking this into account, it is rather wise to target our trades back into range should the high/low be broken.
EUREX:FDAX1!
by FTMO
Dax daily: 31 Jul 2019 We welcome you by the last DAX analysis of the month. We expected a downside yesterday with lazy price action. It was pretty clear shortly after the open that the volatility was beyond laziness. The price sliced through the support of 12 368 like a knife and within two hours, Dax stretched its range to some 170 points. Today we open with an ascending gap. Important zones Resistance: 12 284, 12 195 Support: NIL Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's low is 83% Macroeconomic releases USA - 20:00 CEST - Federal Funds Rate + FOMC Statement USA - 20:30 CEST - FOMC Press Conference Today's session hypothesis We have a high probability of breaking yesterday's low and therefore all our short trades have a clearly defined target. Another good key for today's price estimation is the increased probability of Dax closing inside yesterday's range. Sellers could step in around 12 195, if not sooner. Some bullish powers can be anticipated after yesterday's low breakout.
EUREX:FDAX1!
by FTMO
Dax daily: 30 Jul 2019 Exactly as we predicted yesterday, the statistics proved their strengths yet again. We couldn't be happier as these historical calculations have huge success! Dax broke through Friday's high, which had a probability of 87% and therefore we've labelled the analysis with a bullish bias. After the high was broken, sellers corrected the price action just to hand over the momentum for another daily uptrend. The price then closed midway its intraday range. Important zones Resistance: 12 480 Support: 12 368 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened with a small ascending gap which is already closed at the time we write this. The session today seems to be a slow one, the price is in the consolidation area. From our point of view, today's chances are equal for long & short. Nevertheless, sellers rejected the first resistance at 12 464 yesterday so we rather incline to favour shorting. Buyers could appear around 12 368 right after the retest of yesterday's low and sellers could be sound at the known resistance of 12 480.
EUREX:FDAX1!
by FTMO
Dax daily: 29 Jul 2019 Welcome to the first analysis of the 31st week. Friday's session turned out really nice. We found buyers at a good Thursday close support level and there was an intraday low formed there as well. Besides only one significant short candle at 2pm, Dax was drifting upwards for the whole intraday trading. The price then closed near its high. Important zones Resistance: 12 421, 12 479 Support: 12 354 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking Friday's high is 87% Macroeconomic releases NIL Today's session hypothesis For today, we have a high statistical probability of breaking Friday's high, which is also distanced relatively far away. Long trades then have a clear target. Contrary, should the Friday's low be broken, then the previous hypothesis becomes invalid. The chances of having both swings retested are as low as 7%. Taking advantage of shorting today's price, we can use a pullback around 12 421 and then 12 479.
EUREX:FDAX1!Long
by FTMO
Dax daily: 26 Jul 2019 Yesterday's session started by the gap closure, just as we pinpointed. The resistance at 12 576 was retested twice and then the price action was dominated by fundamentals. The ECB President Mario Draghi hinted a possible rate cut into negative values to tackle Eurozone's economic stagnation. This scepticism influenced the German stock index DAX as well and we saw this reflected by a prudent downfall by more than 250 points. The session was closed at 12 344. Important zones Resistance: 12 437, 12 470 Support: 12 338 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is only 38% Macroeconomic releases 14:30 CEST - USA - Advance GDP q/q Today's session hypothesis Yesterday's volatile activity has dramatically reduced our estimations and today's hypothesis. The moves were caused by fundamental news. The statistical application signifies the gap closure probability of only 38%, yet the price around 12 338 became a balanced consensus for market participants. That's one reason this zone could be retested today as well. Besides, we have enough room for the long correction all the way towards 12 437.
EUREX:FDAX1!
by FTMO
Dax daily: 25 Jul 2019 Yesterday we had a clear bullish bias as the statistics suggested the retest of previous day high and the gap closure. Both of these statistics were successfully fulfilled and those who took advantage of this might have scored nice profits. The beginning of yesterday's session started with a slight downward move caused by French and German PMI reports, before the price reversed to the upside as expected. Important zones Resistance: 12 576, 12 645 Support: 12 437, 12 470 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 70% Macroeconomic releases 13:45 CEST - ECB Main Refinancing Rate 14:30 CEST - ECB Press conference Today's session hypothesis Today's open started with a small ascending gap sized 17 points. Once again, this one has a good statistical probability of being closed. We've had two uptrending days in a row and the momentum is weakening. The price is currently at 12 576, which is a resistance level. It will be interesting to see the initial move out of here. Should Dax head even higher, then the next resistance area of our focus is 12 645. On the other hand, if bulls stay calm, we anticipate the slow down in yesterday's range. However, needless to say it's a super Thursday for ECB. The interest rate is expected unchanged and Mario Draghi needs to address some measures with regards to economic stagnation.
EUREX:FDAX1!
by FTMO
Dax daily: 24 Jul 2019 Our Statistical Application did a great job again. As per the statistical probabilities, it was very likely that Dax would continue its upward move and so it happened. The price went up just to slow down at the resistance level of 12 380 and then went over the roof, making a strong upward momentum for the entire intraday trading. Important zones Resistance: 12 540, 12 576 Support: 12 437, 12 338 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 69% The statistical probability of breaking yesterday's high is 90% Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs Today's session hypothesis Yesterday's session was very bullish. The statistics play for today's continuation as well. The combination of probabilities suggests we could retest 12 541. Another resistance we have lays around 12 576. The start of the session is great as well as the price drops slightly which is a positive key for us as the long trades have a better filling. Let's not forget that although we have a strong bullish confluence, the market might go its own way. Be careful around PMIs releases from Eurozone.
EUREX:FDAX1!Long
by FTMO
Dax daily: 23 Jul 2019 Yesterday's session was fully dominated by bulls. They managed to grab the momentum taking Dax slightly above the resistance level of 12 330 that we highlighted yesterday. This zone functioned with a slight delay as the price corrected shortly after. The session was closed in black numbers priced 12 293. Important zones Resistance: 12 380 Support: 12 234, 12 200, 12 330 Statistics for today Detailed statistics in the Statistical Application The gap has 50 points and the statistical probability for closing is only 38% Macroeconomic releases London session - new Prime Minister of the United Kingdom will be announced. This might affect mainly GBP, EUR and potentially DAX too. Today's session hypothesis This morning started with an ascending gap. Sized 50 points, this one has a low probability for being closed as the statistics suggest the 38% rate chance from the historical occurrence. We can speculate to see rather a bullish domination. In such a scenario, we'll await the retest of 12 380 which could also function as the buyers target zone and the reversal level for sellers.
EUREX:FDAX1!
by FTMO
Dax daily: 22 Jul 2019 Both buyers and sellers could take good advantage of Friday's session. Dax first headed upwards and stopped at 12 330 where the price sharply reversed. Bears were held down at 12 200, slightly below our mentioned support zone. The session ended near its open priced 12 227. Important zones Resistance: 12 330, 12 380 Support: 12 234, 12 200 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's session was opened at Friday's close, without any surprise gap. Dax is now edging at the S/R zone at 12 234 and this might be the deciding factor for today's direction estimation. Should sellers dominate right away, the logical target lays as a support level around 12 200. Very straight forward, if buyers are stronger from the beginning, the path is open all the way back to 12 329. Mondays are generally calm from the volatility perspective and same is expected for today as well.
EUREX:FDAX1!
by FTMO
Dax daily: 19 Jul 2019 We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday. Today's price opens at yesterday's resistance zone and with a big ascending gap. Important zones Resistance: 12 380 Support: 12 234 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened with an ascending gap and continues heading upwards. The first resistance level where we could find some sellers lays at 12 380. However, it is more probable that bears will first attempt to close the gap between today's and yesterday's sessions. The level of 12 234 is likely to function as our support where bulls could prove their presence and take Dax higher.
EUREX:FDAX1!
by FTMO
Dax daily: 18 Jul 2019 Yesterday's session was exemplary from the price action point of view. The descending trend line functioned as a resistance and the price bounced off that level. Bears were aggressive enough to create a strong momentum, pushing Dax lower till the session end. This strongly negative day was closed at 12 294. Important zones Resistance: 12 293, trend line Support: 12 189 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis This morning, Dax opened with a descending gap which is sized 94 points. No surprise that yesterday's bearish momentum prevailed and the priced gapped in the same direction. The probability of closing the gap today is relatively small. Although the price dropped down to touch the support zone of 12 189, it doesn't necessarily mean Dax can't continue even lower. We estimate the initial correction of yesterday's downfall followed by another bearish action.
EUREX:FDAX1!Short
by FTMO
Dax daily: 17 Jul 2019Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day low formed there. Dax opened with a descending gap this morning, which is already closed at the time we write this. Important zones Resistance: 12494, trend line Support: 12 339 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis If we disregard the Monday's rocket move, Dax is relatively slow from the beginning of the summer holiday. For today, we have three zones nearby which could play some importance in the price action. On the long side, we see a resistance at 12 494. If we find sellers at the trend-line, it is likely the price will slow down inside yesterday's session range.
EUREX:FDAX1!
by FTMO