Will the DAX sustain its uptrend in the face of deflationary preEuropean assets started in positive territory on Monday, led by the German DAX (Ticker AT: GER40), following positive production data from the eurozone's strongest economy at the end of last week. The start of the week is not going to stop this trend despite the fact that the imports vs. exports data reflect a negative trade balance, with lower than expected export volumes, being EUR 25.5 billion against EUR 21.4 billion published. In addition, before noon the bonds of several countries in the Euro zone, including Germany, will be drawn.
If we analyze the German economy, the slowdown in sales within its main consumers is palpable, so although the index shows an upward trend, this bullish endurance does not seem to last in the long term, given the high dependence of the German market on exports. It is also important to take into account the ongoing investigations of President Von der Legen in relation to the implications of possible vaccine-related profiteering and the misallocation of capital in this case. Depending on the evolution of this case, it could affect several European companies, especially Pfizer, which is listed in this index. However, the impact could extend to the entire European pharmaceutical sector.
Looking at the chart, within this uptrend of the index started at the end of October last year, since mid-March of this year it has been building price in a range between 18,603.47 points and 17,879.10 points, being the current evolution zone 18,229.76 points and 17,879.10 points marked in the box. Looking at the price bell, the most traded zone of the control point is 17991.06 points. The RSI indicator confirms that the price is slightly overbought at 65.79% with the 200 candlestick average much more subdued almost neutral at 52.83%. So it is to be expected that at the moment that there is news of impact the index will look for the highs zone and if it does not pierce as it happened on April 2, we will see a pullback in the direction of the lower part of the range, which is approaching in proximity with the price of the Control Point.
Ion Jauregui - AT Analyst
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DAX trade ideas
Approaching pullback supportDAX (DE40) is falling towards the pivot which has been identified as a pullback support. Could it potentially bounce off this pivot and rise toward the 1st resistance?
Pivot: 17,918.70
Support: 17,043.92
Resistance: 18,768.85
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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 WILL KEEP GROWING|LONG🚀
✅DAX is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the index is about to retest the rising support
Thus, a rebound and a move up is expected
LONG🚀
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sell dax 18400 and tp short term at 18042 easilyoutperform so much.
this very small pull back are legit even i think it will go much down
GER40 - Short term and long term day trade analysisMarked off key areas.
Made new ATH.
Showing long term uptrend and small term downtrend.
Recently broken few support zones and closing in on bigger support zone.
Showing small signs of sideways movements to generate small correction before going down to bigger support zone for potential big reversal.
DAX Bearish Breakout! Sell!
Hello,Traders!
DAX broke out of the
Long-term rising wedge
And the breakout is confirmed
So we are bearish biased now
And we will be expecting
A further move down
Sell!
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GER30 - Short from S/R zone ✅Hello traders!
‼️ This is my perspective on GER30.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is if price continues the retracement and then rejects from S/R zone + FIBO 0.5 level.
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GER40 BUYCould this be the next move for the trend continuation to the upside for GER40?
The market is currently is currently reacting to the 0.68 Fib level, let's see if this level will hold.
feel free to share your ideas
GER40 short entryThe market is in an unusual state, very over extended. At this point a failure test is more likely to work.
GERMANY 30/40 DE40 DAX Bullish Heist PlanSmart Indices Traders,
NFP Trade master plan to Heist GERMANY 30/40 Market. my dear Looters U can enter after the NFP data there is high chance to go down side, Our target is Green Zone if it goes bearish side, Bullish side our target is Red Zone that is High risk Caution Pullback area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.. Make money and take money.
GERMANY 30/40 DE40 DAX Bullish Heist PlanHello My dear Indices Traders,
This is our Day Trade master plan to Heist Bullish side of GERMANY 30/40 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Potential rebound for the DAX?DAX (DE40) could bounce off a pullback support at 18,082.30 which has been identified as a pivot point. Could price potentially rise toward the 1st resistance at 18,422.50?
Pivot: 18,082.30
Support: 17,899.30
Resistance: 18,422.50
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 H4 | Falling to overlap supportDAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 18,131.66 which is an overlap support.
Stop loss is at 17,850.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 18,513.50 which is a pullback resistance.
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German DAX minimum target at 11655Expecting a bear rally from today (@ 13330 level) and later to print a lower target @ 13655
Green arrow ---> expected bear rally
Red arrow ---> crash to minimum 13655 level
INDEX:DEU40
XETR:DAX
VANTAGE:DAX40
DaxGerman will under attack. Dax market 19027 level target after this occur and market goes up wait for third world War! Greetings from russia
Clear view..long term monthly chanelWhat think about that?long term chanel...resistance reached...probably correction is near
DAX: Overbought and in need of a technical correction.DAX is almost overbought on the 1D timeframe (RSI = 69.159, MACD = 322.400, ADX = 30.730) and heavily on the 1W (RSI = 76.198), which suggests that the long term trend is massively bullish but on the short term a pull back below the 1D MA50 is needed in order to harmonize the supply and demand equilibrium. The index has already been rejected at the top of the HH Zone, which is a first sign for a potential pullback. Even though in the first two quarters of 2023 it spent considerable time inside this Zone before making a correction (even under the 1D MA200), this time the 'necessity' for a short term correction is greater. We are aiming for the pattern minimum of -6.42% (TP = 17,450).
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DE40 is breaking trend after showing divergence.chart was showing good bullish movement. but it also showed divergence between latest HH's and then it broke the trend so in such cases it is recommended to avoid trading such carts.
Is the market turning bearish?📊 In the four-hour time frame, due to the decrease in the upward movement momentum of the price, if the upward movement trend of the price is broken and the price stabilizes below the range of 18,250 units, there is a possibility of the price falling to the range of 18,150 units🎯, and in case of strength, there is a possibility of the range of 18,000 units🎯🎯.
📊 Otherwise, the possibility of price increase up to the range of 18600 units.
Germany 30 Trend Reversed ?Pair : Germany 30
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Higher Highs - Higher Lows
Break of Structure
RSI - Divergence
DAX It starts on the back of German dataEuropean stock markets have started the quarter with positive momentum, highlighting the focus on German inflation data that could influence the European Central Bank's next decision. Germany's economic performance is usually a key indicator for the eurozone as a whole. The return of investors to the market after the Easter holidays has contributed to the moderate rise of the indices, especially in sectors such as technology, insurance and banking have reported good figures. As an example, the DAX (Ticker AT: GER40) has experienced a 0.3% increase, with expectations on consumer price data to be released today at noon, an increase of 2.2% y-o-y is anticipated compared to 2.5% in the previous month. The German economy is considered the inflation barometer for the Eurozone, and this Wednesday we may hear from the ECB on what will happen to inflation.
From a technical perspective, the DAX has shown steady growth in recent weeks, with a breakout from its strongest trading zone that could easily be anticipated given that it was experiencing unstoppable growth in its price and trading volumes. The price bell analysis suggests a figure that diversifies into five marked price areas with a special concentration around 17,895 points, while the RSI indicates a trading of 46.18%, below the 200-day average at 59.02%. This could suggest a possible correction or consolidation in the previous price zone, with a maximum retracement level expected around 18,041.34 points (the high zone of the previous trading range) .
Fibonacci retracement analysis suggests that the market may not extend much beyond 1 which is its current zone, and contract towards 0.786 found at 18,447 points. In summary, the German market will remain a key driver of the index and it will be key to see if Germany continues to push exports and increase its domestic consumption, with possible bullish scenarios if the all-time highs of 18,603.47 points are breached if this scenario holds true, or corrections expected otherwise, with testing levels at lower support zones with the downside limit being 18,039.42 points.
Ion Jauregui - AT Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Highs have been capturedLast Tuesdays highs have been captured and price seems to be falling with German CPI news ahead.
