21-01-2019 DAX Technical Analysis

21-01-2019 Dax

21-01-2019 Dax

 

Hello traders. We hope you had some fun trading the DAX on Friday and hopefully you were also long. Because we were and managed to catch a really nice trade.

Even though the risk factors have not diminished, the opportunities on the stock market have also improved significantly due to the radical sell-off in the past quarter. How fast things change between October and the end of the year because back then it still looked really bad. We saw a sharp downturn, and perhaps a recession on the horizon, especially given the many political and economic problems. In addition, in some countries, such as China, lending seemed to have gotten out of hand. 

However, the risk factors are not off the table. The buzzwords are well-known: it’s about the China-US trade dispute, the war between US President Donald Trump and the Congress (Government Shutdown), plus US interest rate policy, Brexit, Italy, wide-spread banking problems in the euro area, structural crises in the automotive industry and generally the declining earning dynamics of companies. 

But because equities as a whole are now much cheaper, the risk factors mentioned have lost a lot of the fear. And the technicals can offer us more clues for future direction. 

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21-01-2019 Dax Charts


21-01-2019 Dax FTSE SPX Stoxx Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  11136 6961 24440 3122
Value Area High :  11186 7000 24656 3142
Value Area Low :  10955 6917 24361 3112
VWAP :  11116 6943 24559 3120
R2 :  11458 7089 25023 3178
S2 :  10844 6817 24171 3065
Pivot :  11151 6953 24597 3122
Camarilla Breakout (Bull) 11405 7069 24944 3169
Camarilla Breakout (Bear) 11068 6919 24475 3107

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