GER40 Sell the resistance.GER40 - Intraday - We look to Sell at 13969 (stop at 14101)
Daily signals are bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 13900.
We look for a temporary move higher.
Our profit targets will be 13626 and 13536
Resistance: 13950 / 14100 / 14300
Support: 13700 / 13500 / 13300
Ger40short
GER40 Sell the trend of lower highs.GER40 - Intraday - We look to Sell at 15348 (stop at 15421)
Daily signals are bearish.
Our short term bias remains negative.
Trend line resistance is located at 15360.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 15166 and 15116
Resistance: 15150 / 15200 / 15300
Support: 15100 / 15050 / 15000
GER40 Sell the repetitive rally.GER40 - Intraday - We look to Sell at 15448 (stop at 15521)
Daily signals are bearish.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
A shooting star has been posted as prices reject the higher levels.
Our profit targets will be 15261 and 15211
Resistance: 15300 / 15400 / 15500
Support: 15250 / 15150 / 15000
DE40 Buy the 0.786 Retracement.GER40 - Intraday - We look to Buy at 15061 (stop at 14984)
The previous swing low is located at 15056.
15056 has been pivotal.
We have a 78.6% Fibonacci pullback level of 15029 from 15737 to 14836.
Support is located at 15050 and should stem dips to this area.
Our profit targets will be 15255 and 15295
Resistance: 15200 / 15300 / 15400
Support: 15100 / 15050 / 15000
GER40 Sell into a rally.GER40 - Intraday - We look to Sell at 15522 (stop at 15597)
Daily signals are bearish.
We look for a temporary move higher.
15583 has been pivotal.
Preferred trade is to sell into rallies.
Our profit targets will be 15311 and 15261
Resistance: 15400 / 15500 / 15600
Support: 15300 / 15200 / 15100
Is the GER40 about to turn to the downside?Considering the price action on PEPPERSTONE:GER40 , market news and the technical analisys with MACD, its starting to turn to the downside and potential move of 300-500 pips in the near term.
Risk warning!!!
Trading on CFDs the stock exchange and its other derivatives is risky and it is not suitable for everyone, you can lose more than you can afford! Trade Responsibly!