Welcome to the 19-01-2018 DAX Analysis
19-01-2018 DAX Outlook
The DAX takes out 13350 and threatening 13425
It would be pretty cruel if buyers fail to take out this key milestone after getting so close to it. I believe we saw 13420 at the time of writing, however, this was after a considerable early rally. The average daily movement price range for the DAX is around 135 points, so how much further it goes today is difficult to predict.
DAX Getting Tired?
Buyers have already achieved something today by taking out 13350 with some force, it would be understanding is prices retraced back to that zone, before attempting to take on 13425. However, we will see.
19-01-2018 DAX Key Levels
| KEY LEVELS | |
| POC * | 13233 |
| Value Area High * | 13263 |
| Value Area Low * | 13208 |
| 14 Day ATR | 138.89 |
| 200 EMA | 12626 |
| Daily R2 | 13370 |
| Daily R1 | 13327 |
| Daily Pivot | 13263 |
| Daily S1 | 13220 |
| Daily S2 | 13155 |
| *These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices | |
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