27-07-2018 Dax Technical Analysis

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27-07-2018 Dax

A key price driver was the result of the crisis meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker the night before, when both sides had surprisingly agreed on a plan to settle the customs dispute. Trump and Juncker now want to start discussions on the complete abolition of tariffs on industrial goods. Possible tariffs on the importation of European cars in the US are therefore for the time being off the table. The auto stocks benefited from this, especially those of BMW with an increase of 4.42 percent and just behind Volkswagen (Volkswagen (VW) vz) with a premium of about 4 percent. By contrast, the results of the most recent European Central Bank (ECB) meeting had only […]

26-07-2018 Dax Technical Analysis

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26-07-2018 Dax

26-07-2018 Dax News [button label=”Open The News Page” link=”https://thedaxtrader.co.uk/dax-news-feed.html” target=”_blank” color=”” __fw_editor_shortcodes_id=”f0dc4c2b93b797ec7f7d1a8e8e9f3962″ _fw_coder=”aggressive”][/button] Automotive stocks were under pressure on yesterday. The  Italian-American automaker FiatChrysler issued a profit warning and as a result, BMW, Daimler, Volkswagen, the automotive supplier Continental and the semiconductor specialist (for the car industry) Infineon, fell by as much as 3.5 percent. Even the largest US automaker GM lowered its full-year forecast due to higher raw material costs by tariffs on steel and aluminum. This is having an impact on the markets. On the corporate side, the focus was on Deutsche Bank and its fund subsidiary DWS. The asset manager again suffered cash outflows in the second quarter. Economic Calendar Major news today! ECB rate decision and press conference. [button […]

25-07-2018 Dax Technical Analysis

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25-07-2018 Dax

Good morning traders, [call_to_action title=”Did You See The New Homepage?” message=”We‹³›ve completed our latest homepage upgrade to fix a few issues. Visit the homepage now and see how easy it is to access the important items. Bookmark the site. Provide your feedback.” button_label=”Visit Homepage Now” button_link=”https://thedaxtrader.co.uk” button_target=”_blank” _fw_coder=”aggressive” __fw_editor_shortcodes_id=”88f5c26538eb8e2d4ec95963aaba332f”][/call_to_action] 25-07-2018 Dax 60m Chart The two main things to look at will be the trend defining low which is ‘385 current ‘775 trend-defining high. This high needs to be broken in order to continue our bullish trend.  I originally had an ACR line set drawn on this chart and was predicting for price to reach the 440-460 zone. We just about missed that zone as the frequency of price had changed a little bit […]

14-06-2018 Dax Technical Analysis

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14-06-2018 Dax

The German stock market was expected to start weaker on Thursday morning after the US Federal Reserve’s interest rate decision. Banks and brokers expect the Dax to open down 0.3 percent lower. On Wednesday, the index gained very little and has formed a Doji on the daily chart. The prospect of a faster rate hike by the Fed pushed the US stock markets down yesterday wiping out earlier gains. FOMC Dominates Headlines The Fed announced that there may be two more interest rate moves in the current year. The expectations were for a rise yesterday and the US monetary authorities obliged by raising the key rate by 25 basis points to 2.0 percent. A further increase in interest rates by […]

15/05/2018 Dax Technical Analysis

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15-05-2018 Dax

The Dax has completed its major Bullish Impulse leg higher and is currently in a major Bearish Reaction leg lower. Let’s look at a few charts. If we start by looking at the TPO chart under this text, we can see three red arrows pointing at POCs (Point of Controls). The first of those POCs was reached yesterday the middle one is around 12917 and the lower one is around 12877. If we do take out the lower of the three POCs, then this may coincide with a break of the major trend-defining level. At the moment, this bearish activity can be considered as a normal bearish reaction leg, or pull back as it’s more commonly known. (If you need […]

16-04-2018 Dax Technical Analysis

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16-04-2018 Dax

Hello traders, welcome to the 16-04-2018 Dax Technical Analysis including news, key levels and morning briefing video. First things first, we are still in a bullish trend on the 20 minute. We can see this trend if we use the basics of identifying swings. Let’s start back on the 26th March, using the low which formed around that time. From this low we can follow price action on a series of higher highs and higher lows. Our most recent high is 12530 (CFD prices) and price needs to go ahead and take that out in order to confirm the recent lows and new higher low. Once these higher lows are broken, we may have a change in behaviour, this should […]

09-04-2018 Dax Technical Analysis

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09-04-2018 Dax

Good morning traders, I hope you all enjoyed your weekend. Let’s have a look at the trade war updates and the economic calendar first. Then below we have the video from the morning briefing. This video looks at a bullish outlook. We also review Friday and use the various swing trading tools in the price action. China vs US Trade War Update There is further proof that China is no closer to any talks/negotiations between the two than. Former PBOC adviser says that a US-China currency war is unlikely. “If there is going to be a spillover from a trade war, a currency war surely ranks at the top of the list”. Wang Changlin, a researcher with the National Development and […]

101 Technical Analysis Introduction

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There are two different ways that traders study the market. We refer to these two methods as Fundamental Analysis and Technical Analysis. In this very short technical analysis introduction article, I want to help you understand the differences. So this article is a basic lesson for people who are brand new to trading. Traders with experience can perhaps skip this article as it’s likely that you are already familiar with the difference. Fundamental Analysis Fundamental analysis is a term used around forums and chat rooms. It’s generally referred to as a ‘catalyst’ or a ‘trigger’ for a move. But what is it? Traders who use fundamental analysis, will often use and look at many sources of information. For example, they might study the economy, […]

Dax Journal 13/07/2017

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17:14 I am looking at the delta divergence here and wondering (again) if there is any opportunity to go short developing here. 15:40 Delta is plummeting and the support floor is close to breaking. The room below can open up a nice shorting opportunity, but finding the right levels is not easy. Bulls will be buying dips between 12500-12540. Bears will short the gap. 12:42 Comfortably hit and look at where the doji formed….   12:11 Potential pullback zone is this line. 11:42 Still keeping busy fixing the code for this new dashboard. The alert is working. The refresh is working. It’s mobile friendly so refreshes there too. It’s accepting images, documents, links, text and mixed, so it’s very nearly […]