29-01-2019 Dax Technical Analysis


29-01-2019 Dax Technical Analysis

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29-01-2019 Technical Analysis Video

Dax 60m Chart

Price currently sits above the long-standing down-sloping high-to-high trendline. If price manages to hold here, then we can see a bullish continuation of the overall trend. 

The DAX remains bullish above 11005

29-01-2019 Dax 30 Analysis

Dax Profile

The majority of the session yesterday was spent in a series of lower lows and lower highs. We attempted to break inside the value area from Friday, but failed. 

This morning’s gap lower is currently testing the value area low. If this is broken, we expect to find yesterday’s low and perhaps a deeper retracement towards 11075. 

If price manages to get above the point of control, then we expect to see the value area high and beyond the VAH, the obvious target is the high from yesterday.

29-01-2019 Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  11217 6750 24383 3159
Value Area High :  11247 6782 24540 3165
Value Area Low :  11202 6734 24326 3153
VWAP :  11227 6767 24491 3157
R2 :  11337 6855 24898 3184
S2 :  11128 6693 24091 3128
Pivot :  11232 6774 24495 3156
Camarilla Breakout (Bull) 11294 6818 24669 3171
Camarilla Breakout (Bear) 11179 6729 24225 3140

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