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Ftmo

Dax daily: 19 Jun 2019 Tuesday’s session was really wild. Dax first dropped to our support at 11 987, where we found buyers. After we tested the support, Dax quickly shot upward. Our resistance levels did not stand a chance in such an upward move. Same as in recent days, we already have closed today’s gap. Important zones Resistance: 12 433 Support: 12 219, 12 125 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 20:00 CEST – USD – FOMC! Today’s session hypothesis Today is FOMC! For this reason, we are probably going to slow down and wait for the FOMC announcement in the afternoon session. In the morning we can expect a short move towards the 12 219 where we could find buyers. If buyers are stronger in the morning, the main target and resistance are at 12 433. The FOMC announcement is associated with significant volatility, be careful.
EUREX:FDAX1!Long
by FTMO
Dax daily: 27 May 2019 On Friday we did not see an aggressive sell-off after the market open and therefore, we fulfilled the statistic of not closing the gap. The market forces were relatively balanced and the session closed in slightly green numbers. Most of the time, we traded sideways. As we have not moved anywhere, our zones from the previous analysis remain valid. Important zones Resistance: 12 142 Support: 11 958, 11 11 922 Statistics for today Probability of closing the gap: 70% Macroeconomic releases USA Memorial Day Today’s session hypothesis Our new week started with bullish aggressive activity. Buyers should be aiming at 12 142, which is marked as our resistance. Against buying, we have the statistic of closing the gap of about 20 points, which was closed 70% of the time out of 123 cases. Such a strong statistic should be in favour of sellers. We, however, believe that buyers should have the upper hand. If we do test lower prices, it’d mean that buyers are waiting somewhere at lower prices. 12 023 might be such a level.
EUREX:FDAX1!Long
by FTMO
Dax daily: 24 May 2019 Yesterday we wrote about the high probability of breaking the low of the previous day at 12 047. That is exactly what happened and overall, our analysis was very successful. Without the Statistical Application, we wouldn’t have such data. Important zones Resistance: 12 142 Support: 11 958, 11 11 922 Statistics for today Probability of closing the gap: 32% Macroeconomic releases NIL Today’s session hypothesis Today’s open looks very interesting. Yesterday’s close happened at the support 11 958, which we have been talking about for several days. Unfortunately, according to the Statistical Application, the probability of closing the gap is relatively low. Why? Because we have two contradicting information. In case the statistics are positive, that would favour the sellers. if we see a fast sell-off at the open, we’d expect a negative statistic of closing the gap. If sellers do not enter the market this session, the is a lot of room for the buyers to reach up to 12 142.
EUREX:FDAX1!
by FTMO
Dax daily: 23 May 2019 Even though buyers pushed the price above our resistance, the zone around 12146 was still a significant region where we saw a fight between buyers and sellers. This fight was won by sellers who stopped prices reaching higher levels. Important zones Resistance: 12 146 Support: 12 034, 11 958 Statistics for today Probability of closing inside yesterday’s range: 20% Probability of breaking High and Low: 14% Macroeconomic releases 9:30 German PMI Today’s session hypothesis Today we’re opening with a descending gap with the size of 54 points. Is that a sign that the DAX does not want to test higher prices? Today’s statistics will support our hypothesis. By using the statistics of breaking either of the extremes, the chance to break a High or Low is 80%. Thanks to the Gap, we are closer to the Low of yesterday’s session, which should now have a higher chance of being broken. Furthermore, the statistics for closing outside of yesterday’s range also supports this thesis. We have a chance of 80% to close outside of yesterday’s range. If sellers enter the market, they could possibly dominate the entire session. Today’s volatility might be influenced by the German PMI, which will be public 9:30 CEST.
EUREX:FDAX1!Short
by FTMO