Dax Futures Germany Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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FDAX1! trade ideas
DAX Last week's trading plan intactDAX eventually followed the trading plan suggested last week, as the price turned neutral into a consolidation range, following the rejection on the All Time High Lower Highs trend-line:
The strategy is still valid. As long as the Lower Highs trend-line holds and the 0.382 Fibonacci retracement level supports, we can keep scalping for medium-term profits. A break above the Lower Highs is a bullish break-out signal targeting the 16290 High, while a break below the 0.382 Fib (13900) is a bearish break-out signal targeting initially 13350 (March 10 Low).
Notice that in RSI terms (portrayed on the 1D time-frame), it has started trading downwards on Lower Highs, similar to January. That was when the correction trend of the Lower Highs started.
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$DAX to target 13500$DAX is testing 14000. A break below 14000 is needed for the downside reversal of the recent short-term upside trend and a continuation of the downtrend that has been triggered by a rejection from 16500. This would be the beginning of the second impulsive downside wave which should be the most violent and would lead to a break below the recent low.
German Dax Can See Deeper Correction; Support at 14000 - 13500DAX is waking up, making higher highs and higher swing low which is a bullish trend since March low, so we can expect more upside after any retracement since this is wave A, still only the first leg of a higher degree A-B-C recovery. We can actually see a completed five-wave cycle within first leg A in the 4-hour chart so looks like correction in wave B has just started. That said, an upcoming A-B-C setback can retest 14000 - 13500 support area.
Also, keep in mind that if ECB turns out to be more hawkish and if we will not get any positive news out from the Ukraine-Russia situation then DAX can be easily come down into wave C.
Grega
Dax Futures (FDAX1!), H1 Potential for a drop!Type: Bearish drop!
Resistance : 14893
Pivot: 14683
Support : 14346
Preferred case: With price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop to our support at 14346 in line with the 78.6% Fibonacci projection and swing low support from our pivot at 14683 in line with the 61.8% Fibonacci retracement and swing high resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 14893 in line with the swing high resistance.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Dax Futures (FDAX1!), H1 Potential for a rise!Type: Bullish rise!
Resistance : 14707
Pivot: 14355
Support : 14202
Preferred case: With price expected to bounce off the RSI support, we have a bullish bias that price will rise to our resistance at 14707 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot at 14355 in line with the 78.6% Fibonacci retracement and swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 14202 in line with the swing low support.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Dax Futures (FDAX1!), H1 Potential for a rise!Type: Bullish rise!
Resistance : 14707
Pivot: 14355
Support : 14202
Preferred case: With price expected to bounce off the RSI support, we have a bullish bias that price will rise to our resistance at 14707 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot at 14355 in line with the 78.6% Fibonacci retracement and swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 14202 in line with the swing low support.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Dax Futures (FDAX1!), H1 Potential for a drop!Type: Bearish drop
Resistance : 14899
Pivot: 14707
Support : 14355
Preferred case: With price moving below the ichimoku cloud and the recent trendline breakout, we have a bearish bias that price will drop from our Pivot at 14707 in line with the horizontal swing high and 61.8% Fibonacci retracement towards our 1st support at 14355 in line with the horizontal swing low support and 78.6% Fibonacci retracement.
Alternative scenario: If prices were to reverse, price may potential rise towards our 1st resistance at 14899 which is in line with the horizontal swing high resistance.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
DAX: will break high and trend line can start up trend to 15500red AC indicator on 4 hour chart do its job well , push dax down
for now
put buystop near high possible , break high mean new + up wave 🌊 will start
put buylimit above green arrow advice too with SL=50 point or under support
don't close your buy sooner than EMA200 DAILY (big orange line)
wish you win !!! be careful dax can back to high, be careful from sell , never remove SL
note 🎵: ichimoku is for daily chart 📊
DAX rejected on Lower Highs. Unless broken, consolidation ahead.DAX broke and closed yesterday above the 4H MA200 (orange trend-line) for the first time since January 20. Despite this bullish development, the index failed to break above the long-term Lower Highs trend-line of the correction, which has been holding and rejecting the price (6 rejections including yesterday's) since after the All Time Highs.
The last time that happened, DAX consolidated for more than 2 weeks (February). As a result, as long as it fails to break above the Lower Highs, it is more likely to see a consolidation within roughly 14800 - 14100, which as you see is within the zone of the 0.618 - 0.382 Fibonacci retracement levels.
A break (and 1D candle closing) above the Lower Highs, should be enough to extend this bull run all the way to the 16290 All Time Highs. Similarly a break below the 0.382, could restore the bearish sentiment back to the 12420 March low.
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Dax Futures (FDAX1!), H4 Potential for a rise!Type: Bullish rise
Resistance : 14870
Pivot: 14434
Support : 14101
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will from our Pivot at 14434 in line with the overlap support towards our 1st resistance at 14870 in line with the horizontal overlap resistance and 78.6% Fibonacci retracement .
Alternative scenario: If prices were to reverse and break out ascending trendline, price may potential drop towards our 1st support at 14101 which is in line with the horizontal overlap and the 23.6% Fibonacci retracement level.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
NZD/USD: investors hope for a quick recovery in New Zealand tourCurrent trend
Against the backdrop of a slowdown in the growth of the US dollar, the NZD/USD pair is correcting within an uptrend near 0.6975.
The positive dynamics of the instrument are supported by the news about the lifting of most coronavirus restrictions within the country. Yesterday, Prime Minister Jacinda Ardern announced that from April 4, the mandatory presence of a QR code to visit public places was canceled. From April 12, tourists from Australia will be able to visit the country, and from May 1, tourists from many other countries, including the USA, Canada, the UK, and EU countries, will visit the country. This news is a very positive signal since the tourism industry annually brought up to 5% of the total GDP to the country's budget, and for the last two years, this income was almost completely absent.
The US dollar index is trading at stable levels, falling slightly yesterday to 98.400. The reason for the negative dynamics was poor data on basic orders for durable goods, which fell by 0.6% in February against an increase of 0.8% in January. Bookings fell even further, by 2.2%, well below the 1.6% rise a month earlier.
Support and resistance
The asset moves within the local channel, rising along the resistance line. Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator are significantly above the signal line, and the AO oscillator histogram forms rising bars in the buying zone.
Resistance levels: 0.7021, 0.7203.
Support levels: 0.6925, 0.6739.
Dax Futures (FDAX1!), H4 Potential for a rise!Type: Bullish rise
Resistance : 14870
Pivot: 14090
Support : 13466
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will from our Pivot at 14090 in line pullback support and 23.6% Fibonacci retracement towards our 1st resistance at 14870 in line with the pullback resistance and 78.6% Fibonacci retracement .
Alternative scenario: If prices were to reverse, price may potential drop towards our 1st support at 13466 which is in line with the swing low support and 50% Fibonacci retracement level.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Dax Futures (FDAX1!), H4 Potential for a rise!Type: Bullish rise
Resistance : 14870
Pivot: 14090
Support : 13466
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will from our Pivot at 14090 in line pullback support and 23.6% Fibonacci retracement towards our 1st resistance at 14870 in line with the pullback resistance and 78.6% Fibonacci retracement .
Alternative scenario: If prices were to reverse, price may potential drop towards our 1st support at 13466 which is in line with the swing low support and 50% Fibonacci retracement level.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.