Will DAX turnaround today?DE30EUR - 24h expiry
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
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.
A Doji style candle has been posted from the base.
A break of the recent high at 14920 should result in a further move higher.
The primary trend remains bullish.
We look to Buy a break of 14922 (stop at 14822)
Our profit targets will be 15172 and 15232
Resistance: 14920 / 15000 / 15100
Support: 14780 / 14700 / 14600
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.
DE40
DAX continues in the downward move.DE30EUR - 24h expiry
Our short-term bias remains negative.
There is no clear indication that the downward move is coming to an end.
15100 has been pivotal.
Bespoke resistance is located at 15100.
The preferred trade is to sell into rallies.
20 4-hour EMA is at 15080.
We look to Sell at 15098 (stop at 15198)
Our profit targets will be 14848 and 14788
Resistance: 14981 / 15100 / 15200
Support: 14916 / 14800 / 14700
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.
DAX: Rebound expected to test the 1D MA50.DAX is trading inside a Channel Down since July 31st and lately has been on the decline after a rejection on the 1D MA50. Naturally, its 1D technical outlook is bearish (RSI = 38.140, MACD = -103.800, ADX = 23.717) but also low enough to justify a short term rebound.
We expect one last 1D MA50 that will decide the long term trend and based on the previous -6.50% pre-bearish leg, this should be on the 0.786 Fibonacci level. That is marginally under the top of the Channel Down and that is our target (TP = 15,450).
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DAX Short term sell signal on the MA200 (4h).DAX got rejected on the MA200 (4h) and is pulling back.
This is heavy pressure as it took place near the top of the 2 month Channel Down.
Trading Plan:
1. Sell on the first green (4h) candle.
2. Buy if Resistance (1) breaks.
Targets:
1. 15230 (Rising Support and -2.20% decline like the September 5th pull back).
2. 16000 (Resistance 2).
Tips:
1. The MACD (4h) just formed a Sell Cross. This amplifies the short term selling momentum.
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Notes:
Past trading plan:
DAX is topping short term. Fast profit opportunity.DAX trade excatly as expected last time (chart at the bottom) making a new Low in the established Channel Down.
The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg.
Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can completely reverse it long term.
Previous chart:
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DAX has started the new Channel Down bullish legDAX hit last week the bottom (Lower Highs trend-line) of the Channel Down that started after the July 31 High. Technically that is a short-term buy signal, aimed at the 1D MA50 (blue trend-line) and the top of the Channel Down. Our current target is 15500 (also on a +3.70% symmetry with the previous bullish leg of the Channel).
A 1D candle close above the Channel Up will be a bullish break-out signal targeting 15920 (0.618 Fibonacci retracement level). But until it does, the trend will remain bearish within the Channel Down, targeting the 1W MA100 (green trend-line) at 14750.
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DAX: Channel Down bottom buy to 15,500.DAX touched the bottom of the Channel Down today and immediately reacted positively. The 1D timeframe is bearish technically (RSI = 33.050, MACD = -53.850, ADX = 44.059) but the RSI double bottomed inside a Zone same way it did on the August 18th LL. We are long, aiming at a +3.73% rise (same as August) as so far the bearish legs at least have been symmetrical. We may see a 1D MA50 test there (TP = 15,500).
Prior idea:
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DAX Rejection on the MA50 (4h).DAX remains inside a Channel Down pattern. The price just got rejected on the MA50 (4h).
The pattern so far matches exactly the first bearish sequence of the pattern.
Trading Plan:
1. Sell on the current market price and keep as long as the price trades under it.
Targets:
1. 14950 (-3.75%, symmetry with August).
Tips:
1. The MACD (4h) is on the exact same level as the August 11th rejection on the MA50 (4h).
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Notes:
Past trading plan:
DAX Bottom rebound buy opportunity to 15650.DAX (DE40) has made a short-term bottom near the Lower Lows trend-line of the Channel Down after hitting the 1W MA50 (red trend-line). This is a short-term buy signal to at least 15650, which is on the Channel's top and represents a symmetrical +3.66% rise similar to the previous Lower High leg. If it doesn't get rejected, this is where the Fibonacci retracement levels come forward. The 0.382 Fib is almost exactly on our target.
A break above, which would also be a break above the 1D MA50 (blue trend-line), targets Resistance 1 (15995), which is exactly on the 0.618 Fib. Only a candle closing above that Resistance justifies a bullish reversal for the long-term.
If the 1D MA50 doesn't break, we expect the Channel Down to look for a 1W candle closing below the 1W MA50, which can technically deliver a downward extension towards the 1W MA100 (green trend-line) on the 6-month Support Zone. If that scenario prevails, we will need to see a clear indication that this will be the same High Demand Zone as during March 15 - 24, when all attempts to break it reversed emphatically as most candles closed above it leaving long wicks inside the Zone.
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GER40 lack of interest is a concern for the bulls.GER40 - 24h expiry
The lack of interest is a concern for bulls.
Previous support at 15600 now becomes resistance.
There is no clear indication that the downward move is coming to an end.
Rallies should be capped by yesterday's high.
Current prices have reacted from a low of 15327, however, we expect further losses to follow.
We look to Sell at 15578 (stop at 15678)
Our profit targets will be 15328 and 15268
Resistance: 15440 / 15500 / 15600
Support: 15327 / 15300 / 15200
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.
DAX Under the 1day MA200 after 11 months!DAX / DE40 crossed today under the 1day MA200 for the first time since November 10th 2022.
In the meantime it also broke under the wide Channel Up pattern that was holding since the December 20th 2022 Low.
This is a critical bearish break out signal and closing a 1day candle under the MA200, confirms the extension to a new Low.
Support A is at 15455 (so far a Double Bottom), so it is better to wait for a sell until this level breaks.
If it does, sell the first minor bounce and target 15050 (almost -6% from the recent top).
Important note: The 1day MACD is also under a Sell Cross.
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DAX Bullish as long as the 1D MA200 holds.DAX (DE40) has been neutral on the 1D time-frame, trading sideways within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since August 03. We can see two clear Support and Resistance Zones. Today the price is approaching once more the 1D MA200, following yesterday's Fed Rate Decision, so it is a buy opportunity again. Target the bottom of the Resistance Zone at 16000.
Apart from that, the Fibonacci retracement levels since the July 31 High, make solid Supports and Resistances, with the 0.5 Fib currently being one.
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DAX - Watch this mark!Hi Traders,
for the German Index DAX we clearly see a very important zone: 15.450
There are 2 possible Scenarios.
Scenario 1: He market accepts the support zone and we see a reversal. Then we can trade a pullback to 16.000.
Scenario 2: The Support will break. Then we expect sharp movement to 15.000 - following a pullback to the former support (which will then become resistance).
Next bigger support is for this case at 14.500
Right now the decision is open and we should also cleary watch the FED interest rate decision and conference tomorrow as German market often follows US indicies.
Wish you all great trades!
Team tegasFX
DAX: Pullback buy opportunity, very stable consolidation range.DAX formed a Bullish Cross between the 4H MA50 and MA100 but dropped sharply, the same kind of sell-off (proportionally) it had on the previous MA50-100 Bullish Cross (July 31st) which was a structured top. Opposite to theory, the Bearish Crosses have marked the bottoms.
In any case, the 1D technical outlook is neutral (RSI = 51.653, MACD = -44.700, ADX = 19.555) and that is largely due to the 0.236 - 0.786 Fibonacci range which has kept the index consolidating since almost the start of August.
Consequently any pull-back near the 0.236 Fibonacci would make an ideal buy entry. We will target a little under Fibonacci 0.786 (TP = 15,900).
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DAX Rebounding on this Support.DAX / Germany 40 is technically stuck inside the 1day MA200 (support) and 1day MA50 (resistance).
Friday's bullish reversal to close the 1day candle flat, paved the wave for today's green candle.
Following August's 18th Double Bottom that started the Rising Support (that has closed all candles over it), we expect a continuation of this rise, at least on the short term.
Buy and target 16045, which is a little under Resistance A.
Previous chart:
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DAX Trading plan within this 1H Channel DownDAX is within a Channel Down pattern on the 1H time-frame and just bounced back to its top (Lower Highs trend-line), hitting the 1H MA50 (blue trend-line) immediately. As long as the price remains within the Channel Down, sell and target the Inner Lower Lows trend-line at 15525.
With the 1H MACD just forming a Bullish Cross that high for the first time since September 01, it is equally likely to see a bullish break-out above the Channel. We will buy if it breaks above the 0.5 Fibonacci level, which should coincide with a 1H MA200 (orange trend-line) test. In that case our target will be 15940 (the 0.786 Fibonacci).
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DAX: Low risk buy here but exit below the 1D MA200.DAX got rejected on the 1D MA50 and pulled back to the bottom of the Channel Up again. The 1D technical outlook turned bearish (RSI = 43.037, MACD = -52.700, ADX = 29.821) a closing under the 1D MA200 confirms a long term bearish reversal. Until that happens, we will be bullish on this bottom structure, targeting R1 (TP = 16,530).
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DE40 Analysis. Another signal!!!Hello Everyone. I want share my idea about DE 40.
Last time i shared another signal with entry point which was absolutely clear short position entry ( I will link this idea in this post).
now i will try short one more time and the reason is it looking pretty bearish at low timeframe, today we got some good reaction from Daily timeframe witch double top but how it see it didn't work and it was only buyside liquidity.
In my opinion it little bit risky but this index last time gave me really good profit for that i decide to short one more time and here me setup.
Entry point - 15790.
Stop loss - 15825.
Take profit - 15675.
Good luck everyone!!!
Manage your risk!!!
DE30EUR to form a higher low?GER40 - 24h expiry
Intraday signals are mildly bearish.
Trend line support is located at 15700.
Preferred trade is to buy on dips.
Prices expected to stall near trend line support.
We look for a temporary move lower.
We look to Buy at 15713 (stop at 15613)
Our profit targets will be 15963 and 16013
Resistance: 15800 / 15900 / 15960
Support: 15772 / 15700 / 15600
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.
DAX Buy opportunity on the 1D MA200 and bottom of Channel Up.DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low.
As long as it holds, we will take it as a buy opportunity and target 16700 (Internal Higher Highs trend-line). If it closes a 1D candle below the 1D MA200, we will take the small loss and open a sell targeting Support 2 at 14470.
Notice how even the 1D RSI almost hit the 34.70 Support and is rebounding, which is an additional buy signal. Don't neglect also the fact that Friday's low was formed at the bottom of the 7-month Channel Up pattern.
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DAX to turnaround?GER40 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
Price action continues to trade around significant highs.
A move through bespoke resistance at 15800 and we look for extended gains.
A Doji style candle has been posted from the base.
We look to Buy a break of 15821 (stop at 15721)
Our profit targets will be 16071 and 16131
Resistance: 15800 / 15900 / 16000
Support: 15700 / 15600 / 15500
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.
DAX Found Support on the Megaphone's Higher Lows.DAX is on the 8th straight sideways 1D candle as it found Support on the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern. The 1D MA50 (blue trend-line) is the short-term Resistance while the price is trading around the 1D MA100 (green trend-line) as pivot.
We are bullish, targeting the Internal Higher Highs trend-line at 17000, as long as the Megaphone's bottom holds. The bullish extension may be even higher considering the fact that the medium-term pattern could be an Inverse Head and Shoulders (IH&S) that technically targets the 2.0 Fibonacci extension at 17400.
If however the price breaks below the Higher Lows trend-line, we will short-term sell targeting the 1D MA200 (orange trend-line) where a 1D candle close below it, would justify a bearish extension to Support 2 at 14470.
For now the trend remains bullish, as illustrated by the 1D RSI also which is on an 8-month Support Zone.
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DAX to break to the upside?GER40 - 24h expiry
A break of bespoke resistance at 16000, and the move higher is already underway.
Trading close to the psychological 16000 level.
16000 has been pivotal.
Prices have reacted from 15704.
Daily signals are bullish.
The bias is to break to the upside.
We look to Buy a break of 16013 (stop at 15913)
Our profit targets will be 16263 and 16313
Resistance: 16000 / 16100 / 16200
Support: 15900 / 15830 / 15704
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.