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Arrangements, collapse in Germany and data from the USAThe China-United States Trade War is an ongoing economic conflict between the world's two largest economies. Two countries cannot even agree if they are talking. According to Trump, he got a call from Chinese officials, however, China did not confirm that yet. Well, quite possible that there was no call. this means that we are in a situation where the parties are in the active phase of the confrontation. In the light, we will continue to look for points to buy for safe-haven assets (the Japanese yen in the foreign exchange market and gold in the commodity market). Yesterday extremely weak data on the business climate in the largest economy of the Eurozone came out, today German GDP in the second quarter fell by 0.1%. Another quarter with a minus mark and the recession will be announced officially. Recall recession is a period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. An extremely alarming signal was the decline in German GDP mainly due to a sharp drop in the country's exports (it took 0.5% of GDP growth, actually leading it into the negative zone). This is an example of how the trade war could hurt. This news confirmed our recommendation to avoid buying euros. Instead, we suggest selling the euro against the Japanese yen and the British pound. This trading idea this week works just great. As for the dollar, not everything is that simple. Yesterday's data on orders for durable goods, consumer confidence and business activity in the US came out better than expected, which suggests that the US economy is getting better. But, our position on the dollar is unchanged - we are looking for points for its sales. First of all, against the pound and the Japanese yen. Also, on Thursday, revised data on US GDP for the second quarter will be published. Weak data may trigger a short dollar.
Short
by Trade24Fx
Balance, G7 and Jackson Hole outcome, problems of GermanyTrump: China is ready to go back to the negotiating table. China, for its part, reiterated its desire to resolve trade problems through negotiations. safe-haven assets against this background have slightly adjusted and provided excellent opportunities. Despite the optimistic comments from Trump’s side as well as Chinese, everything might change. We have recently observed something similar and buying safe-haven assets tactics on the descents over the past few weeks was the right decision. So our recommendation is to buy gold and the Japanese yen. The only thing, given the increased volatility, do not forget to set stops - it is better to re-enter. The G7 meeting results can be called insignificant. We did not hear any revolutionary statements. So we believe that this event is already “played out” and taken into account. As for the Jackson Hole symposium outcome, there was a lot of concern, but representatives of the Central Banks have stated that crisis and cyclical issues need to be solved not only by monetary methods but also by fiscal ones. Returning to Powell’s speech on Friday, he did not say anything fundamentally new and did not clarify the current state of affairs. Nevertheless, our position on the dollar is unchanged - we are looking for points for its sales. As for the euro. Data on the business climate in the largest economy of the Eurozone (Germany) again frankly disappointed. The IFO business climate index in August came out worse than expected 94.3 with a forecast of 95.1. This is the minimum value for the last 7 years. Therefore, markets expectations as for the monetary policy easing only intensified. So it’s better to wait a while with euro purchases. But its sales against the pound or the Japanese yen look like good trading ideas.
FX:XAUUSDLong
by Trade24Fx
2 Ways to ride this trendForecast: I am expecting Bund to continue its uptrend going forward next 2 weeks. Currently, this week weekly candle close as an inside bar, suggesting consolidation period. Bund will either expand this coming week or next week. First: Expansion next week, How to get in? Trade entry: Long the Daily demand zone, with stop below Confirmation: Reclaim last week low and eventually reclaim both H4 Support and Last week mid range Invalidation: Daily candle close below Demand zone Second: Expansion this week, first wait for monday range to develop, trade will be active afer confirmation is seen Trade entry: Long at either last week high or weekly open after low of the week is in Confirmation: Break of previous swing high OR Monday being a down candle and Price reclaim Weekly Open Key levels mentioned: - Monthly Open - Last week high / low / mid - range - Daily Demand zone - H4 Support level
OANDA:DE10YBEURLong
by FX20
German Dax 2 hour set upBeen in a prolonged downtrend on the German Dax...world equities really, and it seems we began to bottom out here. We stopped making lower highs and lower lows. We hit a support one and from there have gained some bids. Seems we got what appears to be a wedge/triangle break above a resistance zone on the 2 hour followed by higher highs and higher lows. A good risk vs reward trade. Watching the 11920 zone as an interim target, and another zone at 12050 zone. I still think central banks can cut rates and go back to QE/stimulus so markets can still remain propped...wall street can keep the party going a little longer.
OANDA:DE30EURLong
by Uncharted-FX
DAX - Selling again todayDAY TRADE - EXPIRES AT 9PM Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12300. There is scope for mild buying at the open but gains should be limited. Broken out of the Head and Shoulders formation to the downside. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Stop: 12465 Target 1: 12240 Target 2: 12135 Updates The move to 12405 triggered our short trade Updated: 2019-07-23 08:24:29
OANDA:DE30EURShort
by Signal_Centre
2
DAX - Head and shoulders top formation. Selling a rally.DAY TRADE - EXPIRES AT 9PM UK Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12400. There is scope for mild buying at the open but gains should be limited. Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. We look to Sell at 12400 Stop: 12480 Target 1: 12130 Target 2: 12000
OANDA:DE30EURShort
by Signal_Centre
16
DAX - Triggered LongDAY TRADE - EXPIRES AT 9PM Trade Idea Broken out of the wedge formation to the upside. The medium term bias remains bullish. Bespoke support is located at 12226. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to set longs at our bespoke support levels at 12300, resulting in improved risk/reward. We look to Buy at 12300 Stop: 12250 Target 1: 12500 Target 2: 12600 Updates The move to 12300 triggered our long trade Updated: 2019-07-15 10:39:38
OANDA:DE30EURLong
by Signal_Centre
33
DAX - TRADE TRIGGEREDTrade Idea Trading within a Bullish Channel formation. Bespoke support is located at 12435. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to buy into dips close to the 12435 level. We look to Buy at 12435 Stop:12365 Target 1: 12675 Target 2: 12800 Updates The move to 12435 triggered our long trade Updated: 2019-07-09 08:05:16 Trade ideas & daily market report July 9th 2019 Market highlights Reduced expectations of aggressive Fed easing continued to support the US currency during Monday, although ranges were narrow. Equity markets lost ground as expectations of aggressive Fed rate cuts declined further Demand for the yen and Swiss franc weakened slightly as US bond yields edged higher with the Euro also unable to make headway. Gold prices also declined as bond yields increased and the dollar maintained a firm tone. Oil prices gained some support from Iran tensions, but failed to hold gains. Commodity currencies were unable to make headway amid a solid US currency tone with Sterling also losing ground. Bitcoin pushed above $12,000 which helped trigger further buying.
OANDA:DE30EURLong
by Signal_Centre
Dax daily: 28 Jun 2019Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone of 12 229 all the way towards 12 191, which functioned fantastically. In the end, our analysis scored another success point as we fulfilled another statistic of price closing inside the previous day range, which had a probability of 87%. Today, we open with a small ascending gap. Important zones Resistance: 12 344 Support: 12 120 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases G20 Meeting Today's session hypothesis For today, our chances are pretty balanced from the Price Action perspective. Nevertheless, it's important to mention that yesterday's lower price rejection was significantly vigorous. For such reason, Dax is likely to rose climb towards 12 344 where we could find some sellers and return back to yesterday's range. Due to the G20 meeting in Japan, we can expect a slower price movement and nervous markets.
EUREX:FDAX1!
by FTMO
Daily DAX forecast timing analysis by Supply-Demand strength20-Jun Stock investing strategies XETR:DAX Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening. View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: -0.1% (HIGH) ~ -0.8% (LOW), -0.6% (CLOSE) %AVG in case of rising: 0.9% (HIGH) ~ -0.2% (LOW), 0.7% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -0.8% (LOW), -0.4% (CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
XETR:DAX
by pretiming
DAX: Limited downside. Strong long term buy signal.With the majority of global stock indices on a seasonal correction, DAX hasn't escaped the pattern and is down -4.85% from the 2019 highs. What stands out is that the downside on this correction is limited to -5.85% (avg) based on the last occurrence of the Golden Cross (MA50 over MA200) on a similar candlestick pattern. In 2016 following the post Brexit rally the Golden Cross occurred which led to a -5.85% price decline and subsequent consolidation for 90 days. When completed, the MA200 acted as a support for the 2017 bull cycle. With the current candle action being identical we expect a similar price behavior. 11,700 will most likely hold a nearly two month consolidation before the price breaks aggressively towards the All Time Highs. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
XETR:DAXLong
by InvestingScope
4