DAX going to 20,000Could it go higher than 20,000?
That's we 10% higher than today price.
Melt up not done.
DE40 trade ideas
DAX building a short-term momentumThe DAX hourly RSI is above 50 and its stochastic is in its upper quartile. These suggests a short-term positive momentum. Core PCE out later is likely to influence risk sentiment. In that regard keep an eye on the hourly stochastic - if it starts to slip, the short-term momentum will be waning. If it holds, the sentiment will be biased towards risk-on.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
Dropping to pullback supportThe DAX (DE40) could fall towards the pivot which has been identified as a pullback support. Could this index potentially bounce off this level to rise towards the 1st resistance?
Pivot: 17,805.20
1st Support: 17,507.10
1st Resistance: 18,240.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Elliott Wave Analysis Favors DAX to Extend HigherShort Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, wave (4) unfolded as a double three Elliott Wave structure. Down from wave (3), wave ((w)) ended at 18088.03 and wave ((x)) ended at 18326.37. Wave ((y)) lower ended at 17864.69 which completed wave W in higher degree. Wave X rally ended at 18191.95 with internal subdivision as expanded flat.
The Index then extended lower in wave Y towards 17621.66 which completed wave (4). The Index has turned higher in wave (5). Up from wave (4), wave (i) ended at 17873.58 and wave (ii) pullback ended at 17738.04. the Index extended higher in wave (iii) towards 18078.1 and pullback in wave (iv) ended at 18011. Last leg wave (v) ended at 18226.32 which completed wave ((i)). Pullback in wave ((ii)) ended at 17795.96 as a zigzag. Near term, as far as pivot at 17621.6 low stays intact, expect the Index to extend higher.
DAX H1 | Potential pullback before resuming the uptrendThe DAX (GER30) could fall towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,253.04 which is a pullback support.
Stop loss is at 18,120.41 which is a level that lies underneath the ascending trendline and aligns with a pullback support.
Take profit is at 18,513.50 which is a pullback resistance.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Potential bullish bounceGER40 is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement. A bounce from this level could lead the price to fall to our take profit.
Entry: 17913.28
Why we like it:
There is an overlap support which aligns with the 50% Fibonacci retracement
Stop loss: 17612.74
Why we like it:
There is a pullback support level
Take profit: 18286.35
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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TESLA encourages the DAX to rallyThe bullish sentiment from Tesla's earnings release inflated global market sentiment in Europe and dragged the DAX and other indices higher today. Mostly the German index started the session higher by 0.2%, FTSE 100 by 0.3%, and the French CAC by 0.1%. . In addition to Tesla, Meta, Microsoft and Alphabet are releasing results today. Elsewhere in Europe, Orange in France reflected a -2% decline due to falling sales. Roche showed a modest balance sheet reflecting a +1.7% rise.
What will Tesla (NASDAQ:TSLA) have that drags down the entire market even though its news is not particularly good in my particular opinion. Tesla gave notice in its premarket yesterday that they would accelerate their plans to make cheaper electric Models, to prevent competitors from taking that share of their core market, and it is also the debate of all automakers, who captures the most buyers. The Swedish manufacturer Volvo has reflected a fall of -7% in its share price, due to its bad quarterly result and losses reflected in its main market.
Today the IFO statistics institute will show us the business expectations for the month of April, expecting to show a timid improvement, although this will not prevent the ECB from making rate cuts as reported by President Lagarde.
If we look at the chart section, the theory previously indicated about Tesla, does not reflect reality at all, Tesla depreciating since December 2023 approximately -46%, but it is true that this bullish animosity has been reflected in the DAX clearly. If we look at the RSI, since 4am it has been oversold, so we can expect a cut that coincides with the price control point (POC) to approximately 17,805 points. Its current support zone is at 17,428.07 points.
Ion Jauregui - AT Analyst
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DAX to find buyers at yesterday's Marabuzo?GER40 - 24h expiry
Yesterday's Marabuzo is located at 18065.
Short term bias has turned positive.
Risk/Reward would be poor to call a buy from current levels.
The primary trend remains bullish.
Preferred trade is to buy on dips.
We look to Buy at 18065 (stop at 17965)
Our profit targets will be 18315 and 18395
Resistance: 18234 / 18300 / 18400
Support: 18200 / 18100 / 18000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Potential bullish bounceThe DAX (DE40) has broken above a pivot level and could potentially rise higher. Could this index bounce off this pivot and rise towards the 1st resistance?
Pivot: 18,152.00
1st Support: 17,901.10
1st Resistance: 18,396.40
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
✅DAX BULLISH BREAKOUT|LONG🚀
✅DAX is trading in an
Uptrend and the index
Broke out of the falling
Wedge pattern so our
Bullish bias is reinforced
And we will be expecting
A further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Retest of the channel breakLong trade on 4hr retesting the channel breakout on the 4hr chart. Just be aware as the breakout has low volume therefore be quick to move to breakeven is order gets triggered.
GER30 Dax (Eurex) may rise to 18250.00 - 18370.00Pivot
17965.00
Our preference
Long positions above 17965.00 with targets at 18250.00 & 18370.00 in extension.
Alternative scenario
Below 17965.00 look for further downside with 17870.00 & 17770.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
18400.00
18370.00
18250.00
18165.00 Last
17965.00
17870.00
17770.00
Number of asterisks represents the strength of support and resistance levels.
DAX making progress off of Friday lowThe DAX is showing relative strength following Friday's low. The hourly chart may be running out of puff, but that will bring support levels into focus.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
