Trading back above September low after reclaim of the support level. A retest should bring a decent long opportunity, just be aware of a high impact news today.
ECB main reference rate announcement moved the market rapidly. After the open Dax moved down towards the support at 12 379, we found buyers just for a really small pullback. After this pullback market dropped below this support and slow down. At 13:45 CET the madness has begun. Dax moved rapidly up and down, we found sellers at our resistance at 12 461 and we even...
The Dax is continuously moving up, even gaps are not being closed, which is not something we are used to. Moreover, the daily ranges are below average, which is not good as Dax is popular for being a volatile market. Today we are opening with another long gap. Important zones Resistance: 12 461 Support: 12 259, 12 379 Statistics for today Detailed...
The Dax tested the support 12 199, however the breakout of this level failed. From there, we continued upward in the already established uptrend. The resistance 12 258 has been breached, where we saw a slight reaction from sellers. The session ended in an up-session at 12 290. Important zones Resistance: 12 425 Support: 12 259, 12 199 Statistics for today...
The daily range was yesterday again a lot smaller than is the average = 62 points. The normal daily range is around 110 points. Due to the small range, Dax did not test any of our SR levels. Dax also did not close the gap and today we are opening in the range of Monday and the gap was already closed. Important zones Resistance: 12 281 Support: 12 032, 12...
Happy Monday traders. on Friday the market slowly continued UP with no sudden movement whatsoever. The daily range was just 94 points, which is also below average. Today we are opening with a long gap. Important zones Resistance: 12 281 Support: 12 032, 12 193 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases...
Yesterday was a super slow day. We tested our resistance at 12 150, which worked perfectly. Unfortunately the move from this resistance did not last long. Yesterday´s range was just 73 points, which is way below average. Important zones Resistance: 12 150 Support: 12 032 Statistics for today Detailed statistics in the Statistical Application ...
Yesterday we opened with a huge long gap, immediately we tested our resistance level at 12 037, where we stopped for a while, however we did not get any short move from this resistance level. Yesterday´s range was just 90 points, which is below average. Today we are opening again with a huge long gap near another resistance level at 12 150. Important zones...
Yesterday´s support at 11 868 worked perfectly, not once but twice. We have even created a daily low at this level. Statistics that we are going to close outside of Monday´s range wasn't met. Today we are opening with a huge positive gap. Important zones Resistance: 12 037, 12 150 Support: 11 922 Statistics for today Detailed statistics in the Statistical...
Yesterday´s session started as planned with an up move. However, we did not test our resistance level at 12 037, sellers stepped in right after we broke the Friday´s high. Due to the fact, that yesterday were national holidays in Canada and in the United States the afternoon session was really slow. The stat that we are going to close in the range of Friday was...
Welcome to this first analysis of the month of September. Friday's session started by a relatively fast retest of our resistance zone at 11 899, which hasn't even slowed down the price momentum. The uptrend was seen until 15:00 when Dax corrected the bullish move by descending lower to retest the newly formed support at 11 899 which was our valid resistance at the...
We welcome you to this last Dax analysis of the week, month and summer holiday. Thursday's session appeared quite innocent in the first hour of trading. At 9 am, Dax shot firmly upwards and this momentum lasted till noon. At around 4:30 pm, Dax fell lower by some 90 points just to correct this volatile spike even above the initial fall. Important zones...
Yesterday's session drew a nice 'V' shape. The price started to fall towards the support level of 11 561 right from the beginning of the session and this was the area where price marked its intraday low and bounced back upwards. The first support zone laying at 11 678 had little effect. The statistical probability about closing inside the previous day range was...
Yesterday's high was broken out as yesterday's statistics hinted. There was no apparent resistance up till the 11 774 level which eventually stopped the bulls. The 11 678 zone functioned as a support level and the session was closed outside of the previous day range and this fulfilled the same statistical probability as well. Important zones Resistance: 11...
Monday's session started with a sharp upside move. As expected, sellers entered the market at our resistance level of 11 611 to correct the uprun, but not for long. The same scenario occurred once more at the following resistance zone of 11 645 which also didn't have long lasting. The 11 611 zone functioned as the support for another bullish push towards the end...
Reclaim of the support level and a possible test of nVPOC. A lot of traders will be looking to get long at 1.11110 so squeezing them before a rally would make a great sense here.
Friday's session started relatively innocent. As per our expectations, Dax descended to hit our support zone of 11 759 and closed the gap. We also saw buyers attempting to regain control before the storm hit the markets. News had it that China retaliated on the US import taxes and to no surprise, Trump's swift reaction on Twitter caused even more havoc when he...
Our yesterday's analysis turned out absolutely successful. Dax bounced from our mentioned trendline, broken Wednesday'shigh and then returned to Wednesday's range, which had a statistical probability of 77%. Today we open with an ascending gap. Important zones Resistance: 11 899 Support: 11 759 Statistics for today Detailed statistics in the Statistical...