Good morning traders, it’s Monday the 6th of July and time for today’s 06-07-2020 DAX 30 analysis.
DAX 30 Review From Last Session
During the last session, we saw the DAX 30 hit a session high of 12652 and a session low of 12462 giving us a range of 190 points compared to the average daily range of 313. At the close of play last session, the market closed at 12573 which was 712 points above the 200EMA and 712 points above the 50EMA.
What Is The DAX 30 Doing Today?
The DAX is currently Bullish.
The DAX index is currently showing a progressive series of higher highs and higher lows. The trend defining level is currently 12462, so the market remains bullish above that level. In order for the market to remain bullish, we need to take out 12839. I will again be looking to use the DAX trading strategy to provide some useful setups today.. .
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Important DAX Levels
Moving on to the key levels to watch today, watch out for the previous session Point of Control (POC) at 12535 and the previous session Volume Weighted Average Price (VWAP) at 12567. The value area high (VAH) is currently 12608 and the value area low (VAL) is currently 12485.
|Stochastic||K: 95 and D: 94|
|Point of Control (POC)||12535|
|Value Area High (VAH)||12608|
|Value Area Low (VAL)||12485|
|The DAX Pivot||12562|
|The DAX R2||12753|
|The DAX S2||12372|
|Daily 5 EMA||12575|
|Daily 8 EMA||12490|
|Daily 50 EMA||11861|
|Daily 200 EMA||11861|
To keep up with the economic calendar and the latest price action, click this link to open up the DAX chart. Here are the most important announcements for today.
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As for my index trading; during the last trading session I took a total of 4 trades (3 DAX trades and 1 FTSE trade). Breaking down my DAX trades, 2 were from the DAX trading strategy (DTI) and 1 was from the regular morning DAX signal. Breaking down my FTSE trade, 0 were from the DAX trading strategy (DTI) and 1 was from the regular morning DAX signal. Overall, I hit 3 winners, 1 loser, and 0 break-even trades. This gave me a total profit of 9% for the day.
To keep a track of the trading results, you can read the dax trading spreadsheet. In order to get access to the signals and to the strategy, you will need to be a member of the site. Find out more about membership.
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TheDaxTrader.co.uk provides top quality DAX Analysis articles every day cover various topics of technical analysis from technical indicators to naked price action. We want to help you learn to trade the DAX better. We study market geometry and share our outlooks. If you want to learn more about how we trade, you can become a member today and get access to our DAX trading strategy. We trade the strategy every day and this is where we generate our DAX signals. So come and learn the strategy for yourself.
Perhaps you want to learn how to become a signal provider for yourself? If so, learn about how to send trading signals from Metatrader 4 to Telegram. We have produced an excellent piece of software will help you do exactly that. To learn more about the DAX, visit the Wikipedia page, you will find we are mentioned there.