GER40 trade ideas
Dax - Morningstar for CPRDax just printed a Morningstar Candlestick Pattern on the intraday chart.
This is a strong reversal pattern. Since it is only on a lower time frame, the reversal is expected to be small.
The target is the Kijun Sen, which coincides with the Fibonacci 50% retracement level and the central CPR zone.
Price is moving up after being in the RSI oversold zone.
Short term bias is long.
DAX H1 | Potential bearish breakoutDAX (GER30) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 18,488.94 which is a potential breakout level.
Stop loss is at 18,700.00 which is a level that sits above a pullback resistance and a descending trendline.
Take profit is at 18,248.14 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
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LONG ENTRY DAX/GER40 at the current marketTeam, earlier today, we were predicting further down trend toward 18480. However, we wait for the price confirmation entry. we are long at 18573, stop loss at 18472.
Target 1 at 18692.80
Target 2 at 18809.20
Once the price break hit first target - take 50-70% partial and trail your stop loss to BE (entry level.)
DAX40 stress: Volkswagen in retreat shakes Germany
The DAX 40, which fell by 0.97 %, reflects the tension in various sectors of the German economy, not just the automotive sector. In addition to Volkswagen, other companies in the technology and manufacturing sectors are also under pressure. The TecDAX, which groups the main technology firms, fell by 1.50 %, affected by the fall of Infineon Technologies, whose value fell by 4.68 % due to the slowdown in demand for semiconductors and growing global competition.
The consumer goods and manufacturing sector also showed signs of weakness, with the MDAX losing 1.05 %, reflecting the vulnerability of mid-sized companies that depend on the European domestic market. Companies such as Daimler Truck Holding AG, linked to transport and logistics, plunged 3.47%, hit by high costs and economic uncertainty.The combination of labor disputes, retrenchment strategies and a challenging economic environment is hitting multiple key sectors of the DAX, highlighting a complicated outlook for the German stock market and its investors.
In the technical analysis, DAX40 (Ticker AT: GER40), shows the control point (POC) at 18,459.84 points and an RSI in the middle zone with 52.59%. Meanwhile, Volkswagen AG (Ticker: VOW3:XETR) is trending sideways after an August without significant movement. The selling pressure could continue in the coming weeks, until the financial situation of major technology and automotive firms such as Volkswagen stabilizes, marking a critical period for the German stock market and its investors. It would not be unusual to see the index price retest the mid-channel zone if it pierces the POC price this week.
Ion Jauregui - ActivTrades Analyst
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DAX to continue in the upward move?GER40 - 24h expiry
Price action continues to trade around the all-time highs.
Price action resulted in a new all-time high at 18973.
There is no clear indication that the upward move is coming to an end.
Preferred trade is to buy on dips.
20 4hour EMA is at 18886.
We look to Buy at 18885 (stop at 18765)
Our profit targets will be 19185 and 19265
Resistance: 18973 / 19100 / 19200
Support: 18900 / 18770 / 18700
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Weekly Technical AnalysisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
NOTE: These charts use the ‘Pro Trading Tools’ available on the SpreadEx trading platform. To use them, log in to your SpreadEx Financials Account and click ‘Technical’ from the menu on any chart.
*KEY
Trend direction is set by the slope of the VWAP over 50 periods
Trend phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
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Analysis
Germany 40 has shifted into a bullish trend, entering an impulsive phase as it continues to rally into fresh record highs. The price has climbed to 18,871, easily above the updated VWAP of 18,397. Support has moved up to 17,630, while resistance is higher at 19,165. The RSI has increased to 67, indicating growing bullish momentum.
UK 100 remains in a neutral trend, continuing its consolidation phase but with the short term rally gathering pace. The price has edged up to 8,359, still above the VWAP of 8,308. Support remains steady at 8,193, with resistance slightly adjusted to 8,424. The RSI holds at 56, reflecting stable momentum.
Wall Street has transitioned into a bullish trend, now in an impulsive phase as it challenges previous record highs. The price has risen to 41,489, easily surpassing the VWAP of 40,689. Support has been lifted to 39,388, with resistance now at 41,989. The RSI has increased to 67, confirming stronger bullish momentum.
Brent Crude continues its overall bearish trend, although momentum has faded over the past few periods, it is now in an impulsive phase again. The price has decreased to 76.80, below the VWAP of 78.52. Support has been adjusted to 75.25, while resistance is higher at 81.78, reflecting a wider trading range. The RSI has dropped to 43, signalling continued bearish momentum but with some slowing.
Gold remains firmly in a bullish trend, in an impulsive phase as it sits near a record high. The price is slightly lower at 2,499, hovering around the VWAP of 2,495. Support has been adjusted to 2,438, with resistance at 2,545. The RSI has moderated to 55, indicating slightly cooling bullish momentum.
EUR/USD maintains its bullish trend but has shifted to a corrective phase after 3 large down days on the trot. The price has settled at 1.1065, matching the VWAP. Support is now at 1.0900, with resistance slightly higher at 1.1235. The RSI has eased to 53, reflecting the beginning of a potential consolidation or pullback within the broader uptrend.
GBP/USD continues its strong bullish trend in an impulsive phase. The price has dipped in the last 2 days to 1.3135, but remains well above the VWAP of 1.3031. Support has increased to 1.2711, while resistance is now at 1.3352. The RSI stands at 61, indicating persistent bullish momentum.
USD/JPY remains in a bearish trend, transitioning into a corrective phase. The price has risen slightly to 146.78, now above the VWAP of 146.12. Support is adjusted to 143.11, with resistance at 149.13. The RSI has moved up to 48, suggesting the bearish pressure is moderating but not yet reversed.
Does the DAX index break its important resistance? Due to the important resistance in the 18950 range After breaking this zone, expect to climb up to the range of 19038 and 19119 otherwise, after the failure of its current support in the range of 18575, we can expect a drop to the range of 18668 and in case of strength to the support range of 18605
DAX(GER30), nuke is coming?I explained the fundamental part in my EURUSD post. Check it out here:
Now, let's talk about the technical part:
At the London opening, we saw significant manipulation downward with a liquidity sweep from the previous day's low (PDL) and other swings. Now, I would love to see an aggressive movement upwards toward the all-time high (ATH), where I'll be looking for a short setup. However, if the price closes on the 1-4h time frame with a big fat candle, I won't touch the GER40 (DAX) for a while because there won't be any targets ("sky is the limit") to get liquidity from.
There's one possible scenario: a move into premium after the first market structure (MS) shift today, followed by a second shift (break of structure, BoS). Bearish order flow will be confirmed, with the final target being the 4h fair value gap (FVG).
DE30 DAX Technical AnalysisWhen the DAX 4-hour chart is examined; It is observed that the price movements continue in an upward trend. As long as the index price does not break down the 18292 support level, it is evaluated that the price movements above the 18701 level can exceed the 18971 level and target the 20021 level.