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DAX- Difficult Level, Going ShortFurther to my last DAX post: German industry weakens as high energy prices are leaving their mark on production costs. German industry is clearly suffering from disrupted supply chains on the back of the war in Ukraine, the aftermath of pre-summer lockdowns in China, low water levels in the main rivers and increasingly, higher energy prices. The statistical office released additional data showing that production in the energy-intensive industrial segments declined by more than the broader industry (-1.9% year-on-year). Production in this area has dropped by 6.9% since February 2022. For Germany’s industrial backbone, small and medium-sized enterprises, higher energy prices look like a ticking time bomb. With ongoing pressure on consumers’ disposable incomes, companies’ pricing power is fading. In this regard, it is remarkable that the government’s third relief package presented on Sunday provided only very limited support for this segment of the economy. Looking ahead, shrinking order books since the start of the Ukraine war, the well-known supply chain problems (both international and domestic) plus high uncertainty, high energy and commodity prices and potential energy supply disruptions will not make life any easier. Judging from the first macro data for the third quarter, the German economy has not fallen off a cliff at the start of the third quarter but is rather sliding into recession. One thing that could reverse the course of a major correction could only be the end of the crisis/war in Ukraine. For the time being that scenario is not likely while the new Prime minister in the UK may add to the worries. Will share more thoughts on this in the next coming days. One Love, The FXPROFESSOR
XETR:DAXShort
by FX_Professor
7
DE30 Dips should attract buyers.GER40 - Intraday - We look to Buy at 13185 (stop at 13109) Short term bias has turned positive. We look to buy dips. 20 4hour EMA is at 13185. A lower correction is expected. Our profit targets will be 13368 and 13408 Resistance: 13400 / 13450 / 13500 Support: 13300 / 13200 / 13100 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
Daily analysis & day trading setups DAX DAX40 DE30EUR 12 SEP 22Happy Monday, Happy New Week, Dax is now negotiating 50 DMA @ 13182. Now we are reaching a major infliction zone from 13300 to 440. The floor is still fragile at 13k Macro EU ECB De Guindos & Schnabel speeches Buy Break: 13 203, 269, 323 Reversal: 13 154, 096, 034, 12 964, 915, 848 Sell Break: 13 164, 108, 041, 12 974 Reversal: 13 215, 276, 336, 403 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX You can now copy my zones directly to chart by clicking on the following: www.tradingview.com Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups DAX DAX40 DE30EUR 09 SEP 22Happy Friday, DAX keeps entering and failing the zone starting at 12928. Yesterday's key levels are still in play. You can find it by clicking here (Opens in a new tab/windows so you will not lose this) In the absence of a catalytic news, it is likely to post an inside daily bar. So today's range is constrained by yesterday's OHLC Macro EU ECB Lagarde Speech, CAD Unemployment Rate, US Fed Waller Speech Buy Break: 12 975, 13 030, 091 Reversal: 12 855, 785, 678, 617, 554 Sell Break: 12 871, 797, 695 Reversal: 12 991, 13 044, 108, 160 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups DAX DAX40 DE30EUR 08 SEP 22Happy Thursday, Market will be nitpicking at the coordinated CB speeches today so get ready for some choppiness and sideways moves DAX has 12928 to 13154 range with mid zone at 49 to 55 In case of extreme moves beyond buying & selling levels ↗️ Upside key levels: 13 052, 125, 197, 294 & 432 ↘️ Downside key levels: 12 955, 817, 678, 582, 509 Macro EU ECB Monetary Policy Decision, Lagarde Speech, US Jobless Claims, Fed Powell Speech, CAD BoC Rogers Speech Buy Break: 13 055, 93, 145, 215 Reversal: 12 975, 920, 860, 786, 718 Sell Break: 12 993, 936, 871, 805 Reversal: 13 108, 163, 229, 288 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Joe Gun2Head Trade - Selling the top of the range on DAX Trade Idea: Selling DAX Reasoning: Selling the top of the short term range on DAX. Entry Level: 12905 Take Profit Level: 12594 Stop Loss: 13012 Risk/Reward: 2.72:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:GER40Short
by Signal_Centre
2
Daily analysis & day trading setups DAX DAX40 DE30EUR 07 SEP 22Happy Wednesday, We are in bataille royale now - 12600 to 13k. Whoever crosses the line first wins in whichever direction. Mind the gap - 90 pts lower open overnight so it can go to 12810 first to bridge the gap. Levels to watch on upside are 12 767, 881, 974, 13 088 Levels to watch on the downside are 12 724, 674, 561, 474, 416 Macro GB BOE MP Report, Bailey Speech, EU GDP, US Trade Balance, Fed Brainard Speech, Fed Beige Book, CAD Interest Rate Buy Break: 12 810, 905, 13 012 Reversal: 12 660, 582, 492, 430 Sell Break: 12 721, 678, 596 Reversal: 826, 928, 13 030, 110 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups DAX DAX40 DE30EUR 06 SEP 22Happy Tuesday, Happy PMI Day, Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction. Levels to watch today are 442, 677, 940 & 991 Macro US S&P PMI, ISM Employment Index, New Orders Index, Services PMI, Services Prices Paid Buy Break: 12 750, 786, 848, 886, 924 Reversal: 12 709, 657, 630, 603, 565 Sell Break: 12 709, 641, 603, 554 Reversal: 12 764, 848, 886, 924, 977, 13 004 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups DAX DAX40 DE30EUR 05 SEP 22Happy Monday, Happy New Week, Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes. We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442 will put bears in the driving seat. Macro EU DE+GB Composite PMI, Retail Sales Buy Break: 12 616, 680, 780 Reversal: 548, 463, 371, 307 Sell Break: 12 632, 560, 475 Reversal: 12 695, 795, 902, 13 015 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
DAX futures rise overnight ahead of flash CPI data for EuropeFutures markets for European and US indices are trading higher ahead of today’s open, although the moves are more likely to be repositioning as opposed to a bullish signal for equity markets as a whole. Flash CPI data remains the key focus for euro traders today. Yesterday we saw that German CPI rose at the state and nationwide level, and Spain’s rose slightly following a contraction last month. Today we have inflation data from Italy ad the Eurozone. With talk of a 75bp hike warranted, any upside surprises today simply cements that view. The HIPC read for Europe is expected to rise by 0.1% m/m (0.1% previously), and to rise 9% y/y (8.9% previously). Core HICP is expected to rise 0.4% m/m (-0.2% previously) and rise 4.1% y/y (4% previously). Of course, with expectations for a more aggressive hike path comes the calls for a deeper recession. So high inflation data today could end up weighing on already fragile equity markets and further supporting the euro. The DAX formed a bearish Pinbar on the daily chart yesterday and is trading higher ahead of the cash market open. We can see on the 4-hour chart that prices remain beneath a bearish trendline, with a small bearish hammer marking a swing high before closing back below the weekly pivot point. Given there are several resistance levels overhead – including the weekly/monthly pivot points, 61.8% Fibonacci ratio and 50-bar eMA – today’s bias remains bearish beneath yesterday’s high and for an (eventual) move back towards the lows around 12,700.
CITYINDEX:GERMANY40CFDShort
by CityIndex
Daily analysis & day trading setups DAX DAX40 DE30EUR 02 SEP 22Happy Friday, Happy NFP Day, Bold prediction: if DAX crosses 12587 & goes below 12352, it will break 12k and we will be going back to bear market Today we are likely to push back above 860 to close the week with a reversal candle. Move towards 598 & break of that will attract it to 376 & onwards Macro US Avg Hourly Earnings, Labor Force Participation, NFP Buy Break: 12 745, 795, 865, 917, 991 Reversal: 12 647, 598, 549, 510, 463 Sell Break: 12 733, 698, 647, 591, 559 Reversal: 12 817, 877, 926, 991, 123035, 106 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups DAX DAX40 DE30EUR 01 SEP 22Happy September, Happy Thursday, DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323 On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly If you are thinking of buying the dip or going long, think carefully, seriously Macro EU DE Mfg PMI, GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index Buy Break: 12 750, 795, 820, 870, 920 Reversal: 12 702, 677, 622, 585 Sell Break: 12 725, 690, 648, 587, 530 Reversal: 12 805, 858, 925, 991, 13090 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Joe Gun2Head Trade - Rout to continue?Trade Idea: Selling DAX Reasoning: Global indices underpressure Entry Level: 12673 Take Profit Level: 12396 Stop Loss: 12787 Risk/Reward: 2.43:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:GER40Short
by Signal_Centre
Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220831Happy month end, Happy Midweek, Happy Wednesday, Bulls have managed to regain 13k overnight. So 13k is line in the sand. 13 125 now is the key level on the upside. Any break below 12 850 will confirm bear strength. Last day of the volatime month. Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI Buy Break: 13 045, 088, 110, 150 Reversal: 12 998, 935, 850, 815, 738, 690 Sell Break: 13 013, 12 942, 870, 810, 775 Reversal: 13 094, 125, 154, 219, 290 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220830Happy Tuesday, Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL. Line in the sand is 12 850 Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech Buy Break: 12 940, 990, 13 060, 085 Reversal: 12 890, 825, 735, 700, 675 Sell Break: 12 905, 850, 795, 750, 700 Reversal: 13 010, 095, 130, 215 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian