Good morning traders, it’s Thursday the 20th of August and time for today’s 20-8-2020 German DAX 30 analysis.

DAX 30 Review From Last Session

During the last session, we saw the DAX 30 tag a session high of 12995 and a session low of 12830 giving us a range of 165 points compared to the average daily range of 225. At the close of play last session, the market closed at 12935 which was 813 points above the 200EMA and 382 points above the 50EMA.

DAX 30 Bias

DAX Bearish below 13055.

The DAX30 index is currently showing a progressive series of lower lows and lower highs. The trend defining level is currently 13055, so the market remains bearish below that level. In order for the market to remain bearish, we need to take out 12739. I will be looking to use the DAX trading strategy to provide some useful setups today.

Important DAX 30 Levels

Moving on to the key levels to watch today, watch out for the previous session Point of Control (POC) at 12948 and the previous session Volume Weighted Average Price (VWAP) at 12921. The value area high (VAH) is currently 12968 and the value area low (VAL) is currently 12892.

DAX Technical Indicators

StochasticK: 54 and D: 61
Point of Control (POC)12948
Value Area High (VAH)12968
Value Area Low (VAL)12892
The DAX Pivot12920
The DAX R213085
The DAX S212755
Daily 5 EMA12879
Daily 8 EMA12868
Daily 50 EMA12553
Daily 200 EMA12122

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As for my index trading; during the last trading session I took a total of 4 trades (2 DAX trades and 2 FTSE trades). Breaking down my DAX trades, 1 was from the DAX trading strategy (DTI) and 1 was from the regular morning DAX signal. Breaking down my FTSE trades, 1 was from the FTSE trading strategy (Using the DAX DTI) and 1 was from the regular morning FTSE signal. Overall, I hit 0 winners, 0 losers, and closed 2 trades early. This gave me a total profit of 3.9% for the day (including the trades I closed around 8pm).

To keep a track of the trading results, you can read the dax trading spreadsheet. In order to get access to the signals and to the strategy, you will need to be a member of the site. Find out more about membership.

Develop Your Trading Business provides top quality DAX Analysis articles every day cover various topics of technical analysis from technical indicators to naked price action. We want to help you learn to trade the DAX better. We study market geometry and share our outlooks. If you want to learn more about how we trade, you can become a member today and get access to our DAX trading strategy. We trade the strategy every day and this is where we generate our DAX signals. So come and learn the strategy for yourself.

Perhaps you want to learn how to become a signal provider for yourself? If so, learn about how to send trading signals from Metatrader 4 to Telegram. We have produced an excellent piece of software will help you do exactly that. To learn more about the DAX, visit the Wikipedia page, you will find we are mentioned there.