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Dax daily: 14 Jun 2019 Thursday’s session has been considerably more active compared to the previous day. Dax first headed straight up without stopping at our first resistance zone. The second level of resistance laying at 12 194 functioned perfectly and the price even formed an intra-day high there. Following was a bounce back to our first level, now being a support zone where we found some buyers taking the price slightly up again. Today we open with the gap being already closed. Important zones Resistance: 12 264 Support: 12 121, 12 054 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today’s session hypothesis Today, we hope to descend towards 12 121 just to get buyers to take the price higher. In case Dax gets below 12 121, it is more likely the price will slow down in the consolidation area from Wednesday. If bulls are strong, then the first target is the swing high from 11 Jun, followed by a retest of the resistance level at 12 264.
EUREX:FDAX1!
by FTMO
1
Short - Dax - long term Sept. with an expanded bottomI am staying bearish. Technicals might need a recalibration under current market conditions. I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector. Deutsche bank is not in the clear yet, and the chance they default or need to pull a Lehman seems more of a direction. I have no reason to be optimistic when the theoratical cycle seems to indicate a recession. I aimed for recession 2022, but it might get a much faster pace.
EUREX:FDAX1!
by EtornoCapital
Short Opportunity on DAX DAX has been on an upward rally for the past few months and has now come to an end. With fundamentals and technical analysis we can clearly see where DAX is now headed, DAX last week managed to break an important level of support with the Trade War and now the Mexican tariffs being imposed by Trump, the market is now on a downtrend potential, with nothing stopping it unless the trade war is paused or solved. But for now, DAX is a shorting potential and certainty.
OANDA:DE30EURShort
by ElElpis
Dax daily: 31 May 2019 As we anticipated, the support level of 11 861 held the price pretty strongly for the entire session and didn’t allow sellers to go any deeper. The gap was then closed and the intraday trading closed priced 11 918. Important zones Resistance: 11 861 Support: 11 735 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today’s session hypothesis After yesterday’s successful day for buyers, we came surprised to see the strength of the morning gap. This one is sized with some 140 points which is quite unusual. Dax has now entered the zone below the significant support levels and this is where the price was for the past two months. The first price action level where it is likely for the price to stall is the level laying around 11 735. With the gaps of such size, it is more likely the price continues in the gap direction and it’s close is then less probable.
EUREX:FDAX1!
by FTMO
German DAX Stock Index (The strong trending days are over)We had a great run since early 2019 and now the bull momentum has stalled in recent weeks. So, we may go into a dreadful range period for now with big range bound movement. We can see the strong bullish support are near 11300 to 11500 regions and if there is any pullback to the mentioned region, we can expect a push back up. Time the trade well. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:DE30EUR
by SonicDeejay