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Germany30

DAX - Outlook for January and 2018For 2018 there is no reason why Euro zone should face any major difficulties , the Brexit negotiations look good for EU , and Germany still is the largest and most successful country in the union , as such we will see key support of 13,000 tested and if this breaks then a test of the 12,500 . If a coalition government formed in next week then DAX will gain moment and reach 13,500 in early January . However most likely we will see a steady movement above 13,000 , with resistance at 13,300 . good opportunity to go long .
TVC:DEU40Long
by Dondada
DE30/EUR 1D Chart: Rebound from 55-day SMADE30/EUR 1D Chart: Rebound from 55-day SMA The index that compiles 30 largest German companies is advancing against the Euro in the long-term rising wedge formation. This pattern started to form two years ago and today consists of two reaction highs and three reaction lows. Consequently, the breakout of the pattern is expected to happen in the Q2 2018. In the meantime, in the middle of this year the exchange rate started to form new junior ascending channel but due to support provided by the 55-day SMA it began to transform into another rising wedge. As the northern side contains no notable obstacles, the pair is expected to continue climbing to the top, thus ending the year near the 13,600 level. In case of sudden reversal, the above moving average should prevent the pair from making a premature breakout.
OANDA:DE30EUR
by UnknownUnicorn890690
Germany 30 Dax Trading IdeaToday, I am looking at the Germany 30 DAX index. It looks like that there might be a continuation of the current trend. Today’s daily candle is a small bullish engulfing candle with a bearish rejection wick. This indicates bullishness, so I will continue monitoring this instrument. For now, the intraday charts are more bullish than bearish, but this does not mean that we are going to see a breakout straightaway. I will be possibly looking for a bullish confirmation from the 4H charts tomorrow. I will be looking for a bearish rejection or a bullish engulfing. I might consider taking a long trade tomorrow after the market opens. In case I do, my first target will be the level of 13,100. Then, it comes down to price action to decide whether to hold on to a trade or to cut it.
FX:GER30Long
by colibritrader
Germany 30 (DAX) ShortToday’s trading analysis is coming from the German Dax market. It has reached the level that I was waiting for it to reach. I wrote about it lat week on my website. The daily candle is a bullish rejection, close to a pinbar. The resistance level from a previous high at 12,950 has been tested and rejected. I would like to see a rejection of the 13,000 level, as well. If not, then I will be looking for a bearish signal from the 4H chart in tomorrow sessions. If such presents itself, I might consider shorting this instrument. It looks like the bulls are getting tired for now.
FX:GER30Short
by colibritrader