04-02-2019 Dax Technical Analysis

05-02-2019 DAX Technical Analysis

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Morning traders and welcome the 05-02-2019 Dax Technical Analysis article.

The popular belief at the moment is that the DAX can continue to stagnate for a little longer and is unlikely to budge today.

The German stock market barometer has been stuck in a narrow range between 11,000 and 11,200 points for over a week and there is no clear direction on the horizon, either fundamentally or in technical terms.

It seems the best strategy to adopt at the moment is a range-trading strategy. But in the quiet times, make sure you study.

Here’s another look at the article I wrote about ‘how markets move’: https://thedaxtrader.co.uk/how-the-dax-moves/

 

05-02-2019 Charts

Daily chart

Hourly Chart

Profile

 

05-02-2019 Key Levels

  DAX
Point of Control :  11188
Value Area High :  11190
Value Area Low :  11144
VWAP :  11163
R2 :  11289
S2 :  11057
Pivot :  11173
Previous High : 11216
Previous Low : 11100

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Additional Links

Lot Size Calculator

A useful tool to help you manage your risk when you are planning to open a position.

DAX News Feed

A page collecting the useful news stories coming from the mother-land of Germany.

Dashboard

A page collecting the useful news stories coming from the mother-land of Germany.