DAX/GER retest yesterday high - prepare to shortTeam, with the DAX, we need to wait for the confirmation before we enter the short. We are waiting for the trend to be retested. And Confirm if it is a FAKE breakout.
We consider entering the short position at 18887-18883. STOP LOSS at 18953. We are updating pricing as well. Less confuse
Target 1 - 18832
Target 2 - 18790-18784
Target 3 - 18746-18723
Dax40
DAX continues to trade around the all-time highs.DE30EUR - 24h expiry
Price action continues to trade around the all-time highs. Price action resulted in a new all-time high at 19050. Our short term bias remains positive. 50 4hour EMA is at 18663. A Morning Doji Star formation has been posted at the low.
We look to Buy at 18735 (stop at 18655)
Our profit targets will be 18935 and 18995
RR 2,5
Resistance: 18821 / 18900 / 19049
Support: 18800 / 18704 / 18600
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.
DAX30/GER30 PREPARE TO SHORT ONCE THE PRICE HITTeam, I am waiting for the price to move toward our position to short.
We are considering shorting once the price hits below 18703-18697. The current price is at 18720
We assume the stop loss at 18775, but a safer stop loss level would be at 18817
Our target would be 18619.4. Please reduce or take profit from 50% to 70% of your volume at this price and trail your stop loss toward BE.
And second target is 18526
DAX 40 Reacts Positively to ECB's Rate Cut DecisionDAX 40 Reacts Positively to ECB's Rate Cut Decision
Yesterday, the European Central Bank’s Governing Council cut the refinancing rate, as expected, from 4.25% to 3.65%.
The ECB also stated that monetary policy would remain sufficiently restrictive "for as long as necessary" to ensure inflation returns to its medium-term target of 2%.
Financial markets responded with:
→ A strengthening of the euro. EUR/USD rose by more than 0.5% after the rate cut announcement.
→ A rise in European stock market indices.
For example, Germany's DAX 40 index (Germany 40 mini on FXOpen) received a bullish boost, which supports more optimistic conclusions in today's technical analysis:
→ Price movement fits within the ascending channel shown in blue.
→ The thickened line highlights that the median of the channel repeatedly acted as support before early August. As indicated by the arrow, it regained this role after the sharp decline on 5 August.
→ The linear regression channel (shown in purple) points to upward momentum.
Investors may feel optimistic, expecting that this autumn demand forces could lift the DAX 40 (Germany 40 mini on FXOpen) towards the upper boundary of the channel.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
SHORT DAX40 at the current market price Team we are shorting the at the current price of 18556, you can use stop loss at 18613 or 18684
Target 1 at 18511.2
target 2 at 18422
target 3 at 18383
Please note: once the price hit the first target at 18511.1 take 50-60% volume
trail your stop loss to 18613. There will be a consolidated period between 18480-18555, so please be aware
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).
DAX ahead of a mega 1W Bullish Cross.Last month (July 15, see chart below), we made a bold Megaphone prediction on DAX (FDAX1!), which delivered both an excellent sell opportunity and a bottom buy entry:
The situation now is more difficult as despite DAX's recovery, the U.S. markets are under a certain degree of volatility. We need to zoom out to the 1W time-frame to answer that and get a better understanding of the long-term trend.
The key development will be the upcoming formation of a 1W MACD Bullish Cross. It will be the first since November 20 2023, which was in fact the last time the index hit and rebounded on the 1W MA100 (green trend-line), forming the previous Higher Low of the 2-year Channel Up.
As a result, having already tested and rebounded earlier this month on the 1W MA50 (blue trend-line) for the first time in 9 months, we believe that the current 4-week green rally will be extended.
The last two Bullish Legs of the Channel Up initially rose by +16.74% and +23.84% before their first corrective pull-back. As a result, our Target on the medium-term is 19800 (+16.74% rise from the recent bottom).
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DAX short term - bullish Team, I am long DAX at the current price of 18437, with a tight stop loss at 18420 and a target long range at 18520-18540. There will be a resistance test at 18500-05. If the trend pulls back strongly, get out and take your profit.
I also set up short at 18540-45 (NOT yet confirmed). Once the short position is confirmed, I will update you on Tradingview. My short position target at 18435, 18400 and 18355
Rheinmetall just surpassed their All-time high!Good afternoon everyone. GETTEX:RHM just surpassed their All-Time high (Adjusted for dividends). They tested their new resistance at €568.274, which is about 0.8% above their previous All-Time high from April 09th.
There will likely be a small correction in the next few days. Worst case, Rheinmetall has a downward potential of 17.9% to their last big support zone, but in my opinion, this is highly unlikely.
I will personally hold Rheinmetall, as I'm still seeing big potential in them.
I'm working on a bigger Analysis on Rheinmetall's Long-Term potential, which will be published in the next few days. Please check out my Analysis on the Uranium mine GETTEX:CJ6
I wish you a pleasant weekend, see you soon.
DAX to find buyers at market?GER40 - 24h expiry
A Morning Doji Star formation has been posted at the low.
A Doji style candle has been posted from the base.
The primary trend remains bullish.
Daily signals are bullish.
Yesterday's Marabuzo is located at 18415.
We look to buy dips.
We look to Buy at 18415 (stop at 18315)
Our profit targets will be 18665 and 18725
Resistance: 18509 / 18600 / 18700
Support: 18430 / 18350 / 18220
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.