29-04-2019 Technical Analysis Video

29-04-2019 Technical Analysis Video

Another fresh high on the DAX, followed by a swift rejection from this morning’s post-cash-open auction. 12261 remains the trend defining level for now (futures). 12487 is the main target for longs, providing that this trend continues.

The 250-tick chart has forged a nice ‘center’ line. This can often be an excellent tool for action/reaction. Perhaps that can offer a short-term intraday goal. Check out the video for more on that.

In the economic calendar we have a fairly light session today, but watch out for tomorrow’s German releases.

Key Levels

DAX KEY LEVELS
CFD
POC : 12329.0
VAH : 12337.0
VAL : 12305.5
VWAP : 12314.7
R2 : 12391.4
S2 : 12239.2
Pivot : 12315.3
High :12342.0
Low :12265.9
FDAX KEY LEVELS
CFD
Point of Control : 12340
Value Area High : 12342
Value Area Low : 12310
VWAP : 12320
R2 : 12400
S2 : 12250
Pivot : 12325
High : 12350.0
Low : 12275.0