Good morning traders, it’s Monday the 13th of July and time for today’s 13-07-2020 German DAX 30 analysis.

DAX 30 Review From Last Session

During the last session, we saw the DAX 30 touch a session high of 12711 and a session low of 12390 giving us a range of 321 points compared to the average daily range of 297. At the close of play last session, the market closed at 12701 which was 804 points above the 200EMA and 704 points above the 50EMA.

DAX Outlook

The DAX is currently Bullish.

The German DAX 30 index is currently showing a progressive series of lower lows and lower highs. The trend defining level is currently 12870, so the market remains bearish below that level. In order for the market to remain bearish, we need to take out 12390. I will be looking to use the DAX trading strategy to provide some useful setups today.. . We have a classical situation on the daily chart whereby the 5EMA is above the 8EMA, the 8EMA is also above the 50EMA and finally the 50EMA is above the 200EMA. That’s a very bullish market, the first sign of a turn could be when the 5EMA breaks below the 8EMA.

13-07-2020 DAX Analysis

The market has been like a yo yo recently, flipping its bias from one direction to another and this often leads to frustrating situations. As traders we need to keep the discipline and accept that the market has no personal vendetta against us. The market can remain irrational longer than we can remain solvent. So if an idea has not worked out, then simply cut it and start again.

DAX Key Levels

Moving over to the key levels to watch today, watch out for the previous session Point of Control (POC) at 12537 and the previous session Volume Weighted Average Price (VWAP) at 12553. The value area high (VAH) is currently 12599 and the value area low (VAL) is currently 12413.

DAX Technical Indicators

StochasticK: 88 and D: 80
Point of Control (POC)12537
Value Area High (VAH)12599
Value Area Low (VAL)12413
The DAX Pivot12601
The DAX R212922
The DAX S212280
Daily 5 EMA12661
Daily 8 EMA12605
Daily 50 EMA11997
Daily 200 EMA11897
13-07-2020 DAX Analysis

Economic Calendar

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

13-07-2020 Economic Calendar

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Trading Signals Update

As for my index trading; during the last trading session I took a total of 2 trades, so it was a pretty quiet session (1 DAX trade and 1 FTSE trade). Breaking down my DAX trade, 1 was from the DAX trading strategy (DTI) and 0 were from the regular morning DAX signal. Breaking down my FTSE trade, 1 was from the FTSE trading strategy (Using the DAX DTI) and 0 were from the regular morning FTSE signal. Overall, I hit 1 winner, 0 losers, and 1 break-even trade. This gave me a total profit of 4% for the day.

Closed Early0000

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.

If you want updates on FX as well, I will start doing that.

Develop Your Trading Business 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.

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