Good morning traders and welcome to the 02-08-2018 Dax Technical Analysis article. The analysis video is included below.

The re-emergence of the US-China trade dispute has pushed the DAX into negative territory. The German leading index slid back below the much-noticed 200-day line. Already the whole day investors had withstood in view of the balance sheet season and the evening interest rate decision of the US Federal Reserve. Experts warn that if the dispute between the US and China escalates, there is currently little that could stabilize the stock markets. So this puts our bullish trend defining level under pressure.

Trend defining level: 12455 (mini-dax)

As for today, we have plenty of releases on the Economic Calendar such as NFP and the Markit Services PMI, so keep an eye on your positions.

2018-08-02_0905


02-08-2018 Dax Technical Analysis Video

02-08-2018 Dax Key Levels

KEY LEVELS (MINI DAX)
POC * 12732
IB High 12693
IB Low 12546
Daily R2 12893
Camarilla Breakout (Bull) 12801
Daily Pivot 12745
Camarilla Breakout (Bear) 12639
Daily S2 12597
14 Day ATR (CFD) 137.43
200 EMA (CFD) 12768
50 EMA (CFD) 12651

02-08-2018 Dax 60m Chart

  • We’ve peeled away from the UMLH and tagged the median line
  • Trend defining level 12455

02-08-2018 Dax 5m Chart

  • IB low broken to the downside, despite the gap and the slide this morning

02-08-2018 Dax Profile Chart

  • We have a number of exposed POCs above to mark out on the chart