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DE40

GER40 continues in rise.GER40 - Intraday - We look to Buy at 13231 (stop at 13149) The bullish engulfing candle on the weekly chart the positive for sentiment. Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 13229. Our profit targets will be 13439 and 13499 Resistance: 13360 / 13400 / 13500 Support: 13220 / 13100 / 13020 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
Buying DE40 at 20 EMA.GER40 - 12h expiry - We look to Buy at 13172 (stop at 13089) Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the upward move is coming to an end. We look for a temporary move lower. We look to buy dips. 20 4hour EMA is at 13172. Our profit targets will be 13372 and 13422 Resistance: 13300 / 13360 / 13400 Support: 13200 / 13150 / 13050 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
InvestMate|DAX time for a correction?🇩🇪 DAX time for a correction? 🇩🇪 During last week's trading sessions, we could see an attempt to stem the declines on Germany's main index, which comprises the 40 largest German companies. The correction from the bottom was already 9%. 🇩🇪 The bottom fell on 28 September and from then on we began to slowly form breakout formations on the chart. We have been making higher and higher highs and lows. 🇩🇪 Looking from a fundamental point of view, the dax index is in the best position relative to other indices. 🇩🇪 Low interest rates at 1.25 per cent are unable to suppress demand for investment loans. tradingeconomics.com 🇩🇪 At the same time, during Friday's session we also saw a strong correction in US and German bonds, which could signal a change in sentiment towards equities and in the medium term could generate an upward impulse on this stock. 🇩🇪 Turning to the chart, we are at a strong support line from which the price has repeatedly been pulled upwards. During Friday's session we tried to go lower but the level was defended. 🇩🇪 If the positive sentiment is maintained, we can expect the price to continue to rise towards 13400 points where I find a strong line of resistance. 🇩🇪 In this situation, it would be appropriate to take a defensive order below Friday's lows and target the 13400 points zone where the range of the last upward correction is also located. This gives us a very good risk/reward ratio of 3.19 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
XETR:DAXLong
by InvestMate
2
InvestMate|DAX Prepare to rally higher🇩🇪 DAX Prepare to rally higher 🇩🇪 Referring to my last post on dax 👇👇👇 🇩🇪 We are in a very interesting place where an upside breakout formation could take place. 🇩🇪After making a correction yesterday. At the opening of the session today, the dax index showed strength and a desire to continue the uptrend. 🇩🇪 If today's breakout occurs, the way is open to the 13500 level, which was determined by the fibo grid of 0.786 of the last downward impulse. 🇩🇪 In this situation the stop order would be below the 0.618 level of the same wave at 13125 🇩🇪 The impulse sequence can look like this as I have drawn on the arrows 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
DLong
by InvestMate
2
DAX Short-term bullish but heavy Resistance Zone ahead of ECB.The German stock index (DAX) has been trading within a Rising Wedge (dashed lines) since the October 02 bottom that is about to break. The 4H Golden Cross (4H MA50 (blue trend-line) crossing above the 4H MA200 (orange trend-line)) is a short-term bullish signal as the three times we had this pattern formed in 2022, the price rose more ranging from the 1.236 Fibonacci extension to the 1.5. Moreover, the 1D RSI broke above its Lower Highs trend-line, adding more buying pressure. The 1.236 Fib is located exactly on the January 05 Lower Highs trend-line, which is basically the Resistance dictating the 2022 Bear Market, while the 1.5 is just below the 1D MA200 (green trend-line). That trend-line has been unbroken since February 02, so we are willing to buy (on the long-term) again only if the price breaks above it and target the previous Lower Highs. Until then, selling the Fib extensions on tight SLs is our approach, targeting the 4H MA200. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot
Buying DE40 at support.GER40 - 11h expiry - We look to Buy at 12761 (stop at 12677) Our short term bias remains positive. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. A lower correction is expected. Bespoke support is located at 12750. We look to buy dips. 50 1 day EMA is at 12750. Our profit targets will be 12978 and 13018 Resistance: 13026 / 13100 / 13200 Support: 12900 / 12800 / 12750 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
GER40 to break higher?GER40 - 13h expiry - We look to Buy a break of 12816 (stop at 12739) Short term bias has turned positive. A break of bespoke resistance at 12800, and the move higher is already underway. There is no clear indication that the upward move is coming to an end. Our profit targets will be 12997 and 13047 Resistance: 12800 / 12900 / 13000 Support: 12700 / 12600 / 12500 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
Buying DE40 at market.GER40 - Expires in 11 hours - We look to Buy at 12721 (stop at 12636) Our short term bias remains positive. 12705 has been pivotal. Bespoke support is located at 12700. We look to buy dips. Good risk reward to buy at market. Our profit targets will be 12925 and 12985 Resistance: 12900 / 13000 / 13100 Support: 12800 / 12700 / 12600 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
DAX Hit the 4H MA200 for the first time in +1 month.DAX (FDAX1!) hit today the 4H MA200 (orange trend-line) for the first time since September 14. This is still technically a short-term bullish reaction (Channel Up) within two longer term bearish structures (Bearish Megaphone with the dashed lines and Falling Wedge o a broader frame). With the 4H RSI approaching its Resistance Zone, it is not unlikely to see a rejection by tomorrow back to the 4H MA50 (blue trend-line). We have accurately laid out this information on our previous DAX analysis 10 days ago: Basically as it happened from July 19 to August 12, we may see continuous pull-backs on that Zone as the price breaks the Bearish Megaphone to test the top of the Falling Wedge. On the long-term only a closing above the 1D MA200 (red trend-line), which is untested since February 02, can be enough to change the trend from bearish to bullish. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
EUREX:FDAX1!Long
by TradingShot
3
Buying DE40 on dips.GER40 - Intraday 9pm UK expiry - We look to Buy at 12534 (stop at 12444) Short term bias has turned positive. A lower correction is expected. Bespoke support is located at 12500. We look to buy dips. Our profit targets will be 12744 and 12794 Resistance: 12900 / 13000 / 13100 Support: 12800 / 12700 / 12600 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
DAX testing key area after short covering bounceAfter yesterday’s sell-off, European markets bounced back, lifting US futures with them, ahead of the publication of the US CPI report. The recovery is potentially due to short-covering, but it may also have something to do with UK bond yields coming off the boil a little. There’s some speculation that the Bank of England will be forced to extend its October 14 deadline to end its emergency bond-buying programme. Despite the recovery, we reckon there is a risk that more losses could follow for EU stocks, as concerns about the health of the global economy continues to intensify. The German index has accepted to hold below the March (12431) and July (12385) lows, after last week’s recovery lost steam around the 21-day exponential moving average. With the index continuing to make lower lows and lower highs, there is no reason to be positive, despite today’s bounce. More evidence of a bottom is needed to convince us. Otherwise, we think that the path of least resistance is still to the downside, and as such one should expect to see more losses. If we are correct, then the bears’ next big target is the liquidity below last week’s low at 11810.
FOREXCOM:GER40Long
by FOREXcom
DE40 to breakdown from a triangle.GER40 - Intraday - We look to Sell a break of 12079 (stop at 12171) Trades with a bearish descending triangle formation. The bias is to break to the downside. 12096 has been pivotal. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today. Our profit targets will be 11861 and 11811 Resistance: 12200 / 12300 / 12400 Support: 12100 / 12000 / 11900 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
DAX Broke the 4H MA50. Bearish extension.The German stock index (DAX) broke below its 4H MA50 (blue trend-line) on Friday after failed to break and being rejected on the 4H MA100 (green trend-line) earlier this week. This keeps the price inside both the short-term Bearish Megaphone pattern and the longer term Falling Wedge pattern. That break is a major sell break-out signal and targets directly the 11875 Support. Below that we can only take an extension if DAX makes a closing below the bottom (Lower Lows trend-line) of the Falling Wedge. Otherwise as the price approaches the 11875 Support, it becomes a buy opportunity towards the 4H MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
EUREX:FDAX1!Short
by TradingShot
2
Selling a break of DE40 yesterdays low.GER40 - Intraday - We look to Sell a break of 12389 (stop at 12471) Daily signals are bearish. Short term momentum is bearish. Short term MACD has turned negative. 50 4hour EMA is at 12406. A break of yesterdays low would confirm bearish momentum. Our profit targets will be 12191 and 12131 Resistance: 12500 / 12600 / 12700 Support: 12400 / 12300 / 12200 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
Selling previous GER40 support.GER40 - Intraday 9pm UK expiry - We look to Sell at 12185 (stop at 12256) Daily signals are bearish. Our bespoke support of 12200 has been clearly broken. Previous support at 12200 now becomes resistance. Preferred trade is to sell into rallies. Our profit targets will be 12004 and 11964 Resistance: 12000 / 12100 / 12200 Support: 11900 / 11800 / 11700 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
DAX Lower bottom and recovery signal on 8-year patternThe German stock index (DAX) has been trading under Lower Highs ever since the late December All Time High (ATH). Ignoring the March 08 2022 breach due to the Ukraine - Russia war, the pattern is a Channel Down. The last two times DAX traded within a Channel Down was for the whole year of 2018 and April 2015 - July 2016. Both correction were almost a year and took place due to bearish fundamentals (U.S. - China trade war and Brexit, Grexit, VW scandal Oil respectively). Both previous Channel Down patterns made their bottom on the 1.236 Fibonacci extension from the previous Lower Low. If we apply this on the current Channel Down, we get the 1.236 Fib a little over 11400. That is roughly the low of the November 2020 U.S. Presidential election. In all patterns, the RSI trades under Lower Highs (with the exception of the actual ATH) way before the index top (indicating that strength was lost earlier), and when the RSI broke above that trend-line, it coincided with the price breaking above the Channel Down, thus starting a new 1 year Bull Phase. ------------------------------------------------------------------------------------------ ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------------------ You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------------------ 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇
XETR:DAX
by TradingShot
1
GER40 Buy a break of recent high.GER40 - Intraday expiry 9PM UK - We look to Buy a break of 12353 (stop at 12269) We are trading at oversold extremes. A break of the recent high at 12350 should result in a further move higher. A higher correction is expected. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Our profit targets will be 12558 and 12598 Resistance: 12200 / 12350 / 12500 Support: 12100 / 12000 / 11900 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
Buying DE40 Weekly pivotal levels.GER40 - Intraday - We look to Buy at 12452 (stop at 12359) With signals for sentiment at oversold extremes, the dip could not be extended. Weekly pivot is at 12426. Weekly pivot is at 12374. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Support could prove difficult to breakdown. We look to buy dips. Our profit targets will be 12678 and 12758 Resistance: 12600 / 12700 / 12800 Support: 12500 / 12450 / 12400 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
DAX Testing the March Support. Potential Triple Bottom.The DAX futures index (FDAX1!) followed exactly what we pointed out on our last analysis more than a month ago, as it got rejected on the All Time High Lower Highs trend-line (1) and is now approaching the Support Zone that started after the March 07 Low: As you see, that Support Zone has so far made a Double Bottom (March 07 and July 05) and along with the Lower Highs trend-line (1) have formed a massive Descending Triangle that is on the verge of breaking out. With the 1D RSI on Higher Lows since March 07, a bullish break-out is quite likely and it should target the 1D MA200 (orange trend-line) around the 0.382 Fibonacci retracement level. Note that the 1D MA200 has been untouched since February 02. However no further buying can be engaged with as the price will still be limited to the Lower Highs trend-line (2). In our opinion, only a break above the 1W MA50 (red trend-line) can restore the bullish sentiment on DAX on the long-term. If on the contrary the 12360 Support breaks, we expect aggressive selling that can target the -0.236 Fibonacci extension around 11435. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot