GER40 - 24h expiry Short term oscillators have turned positive. Previous resistance at 15750 now becomes support. The primary trend remains bullish. Prices have reacted from 15450. Trading volume is increasing. We look to Buy at 15741 (stop at 15641) Our profit targets will be 15991 and 16051 Resistance: 15851 / 15900 / 16000 Support: 15800 / 15750 /...
GER40 - 24h expiry The bearish engulfing candle on the weekly chart is negative for sentiment. Short term bias has turned negative. There is no clear indication that the downward move is coming to an end. We are trading at oversold extremes. We look for a temporary move higher. Previous support at 15750 now becomes resistance. We look to Sell at 15749...
GER40 - 24h expiry Our short term bias remains negative. The bearish engulfing candle on the weekly chart is negative for sentiment. Bespoke resistance is located at 16070. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. 16081 has been pivotal. We look to Sell at 16039 (stop at 16139) Our...
GER40 - 24h expiry Offers ample risk/reward to buy at the market. The primary trend remains bullish. The 1 day moving average should provide support at 15923. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bespoke support is located at 15900. We look to Buy at 15902 (stop at 15802) Our profit targets...
GER40 - Intraday Price action continues to trade around the all-time highs. There is no clear indication that the upward move is coming to an end. The bullish engulfing candle on the 4 hour chart the positive for sentiment. The bias is to break to the upside. The primary trend remains bullish. We look to Buy a break of 16351 (stop at 16251) Our profit...
GER40 - 24h expiry We are trading at overbought extremes. Price action continues to trade around the all-time highs. The previous swing high is located at 16333. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Rallies should be capped by yesterday's high. Bespoke resistance is located at 16300. We look...
GER40 - 24h expiry Daily signals are bullish. We are trading at overbought extremes. Short-term momentum is bearish. A lower correction is expected. The 1-day moving average should provide support at 15980. The sequence for trading is higher highs and lows. We look to Buy at 15981 (stop at 15896) Our profit targets will be 16191 and 16241 Resistance:...
GER40 - 24h expiry Price action continues to trade around the all-time highs. Daily signals for sentiment are at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A higher correction is expected. A break of the recent low at 16190 should result in a further move lower. We look to Sell...
GER40 - 24h expiry Price action continues to trade around the all-time highs. Daily signals for sentiment are at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A higher correction is expected. A break of the recent low at 16240 should result in a further move lower. We look to Sell...
GER40 - 24h expiry Price action continues to trade around the all-time highs. 16301 has been pivotal. Short-term momentum is bullish. We are trading at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. We look to Sell at 16297 (stop at 16377) Our...
GER40 - 24h expiry We are trading at overbought extremes. Short-term momentum is bearish. Bearish divergence is expected to cap gains. 15750 continues to hold back the bears. 15729 has been pivotal. A break of the recent low at 15729 should result in a further move lower. We look to Sell a break of 15719 (stop at 15801) Our profit targets will be 15519...
GER40 - 24h expiry - We look to Buy a break of 16001 (stop at 15899) There is no clear indication that the upward move is coming to an end. We are trading at overbought extremes. Daily signals are bullish. 15925 has been pivotal. A break of the recent high at 15980 should result in a further move higher. Our profit targets will be 16251 and 16301...
GER40 - 24h expiry - Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action has posted a Doji candle and confirms a possible stall in the recent move. The trend of higher intraday lows has also been broken. We are trading at overbought extremes. A higher correction is expected. A break of the...
DAX initially formed a large Falling Wedge. Then before the price broke above it formed a Reverse Cup and Handle. The price broke not only out of the Brim Level but also out of the Wedge. This gave a HIGH probability trade to buy and hold long. Other signals confirmed too with 7 >21 >200 - Bullish RSI>50 Uptrend line still strong. I'm still happy to set the...
GER40 - 24h expiry - Daily signals are bullish. Traded to the highest level in 62 weeks. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 15683. 15791 has been pivotal. A break of the recent high at 15791 should result in a further move higher. We look to Buy a break of 15801 (stop at...
GER40 - 24h expiry - We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 15708 has been pivotal. A higher correction is expected. Rallies should be capped by yesterday's high. We look to Sell at 15699 (stop at 15819) Our profit targets will be 15401 and 15341...
GER40 - Our short term bias remains negative. We are trading at overbought extremes. Trend line resistance is located at 15350. Short term momentum is bullish. Prices expected to stall near trend line resistance. 24h expiry - We look to Sell at 15359 (stop at 15479) Our profit targets will be 15059 and 15009 Resistance: 15200 / 15300 / 15400 Support:...
GER40 - Our short term bias remains negative. The bias is to break to the downside. News events could adversley affect the short term technical picture. A higher correction is expected. A break of the recent low at 15069 should result in a further move lower. Our profit targets will be 14759 and 14709 22h expiry - We look to Sell a break of 15059 (stop...