07-09-2018 Dax Technical Analysis

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07-09-2018 Dax

07-09-2018 Dax Lunchtime Update The DAX is at risk of seven consecutive losing trading days if we fail to close above 982 on futures today.  The swings are currently quite clearly defined. We have lower lows and lower highs. The trend defining level is currently 11994.5 on FDAX, so the market is bearish below that level. We also see a simple trend channel developing, so watching a reaction to either side could be interesting.  The original fork that I referred to this morning, in the webinar and the video, may have jumped the gun. The price has already broken below the original ‘C’ point. This is the challenge when drawing the tools without a confirmed pivot. At the moment, we […]

06-09-2018 Dax Technical Analysis

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06-09-2018 Dax

After its recent slide, the Dax (DAX 30) opened up with a gap lower again today. We are now at the lowest levels since April after piercing the 12,000 level. The international trade conflict and the currency crises in some emerging markets remain the dominant themes.  There is a downside target zone between 925 and 975. This target zone represents the lower median line parallel and balance point extension confluence. See more about that in the video. It’s possible that we see a reaction at current levels (12015) because it we’ve just pierced a major psychological level. Any rally is likely to be sold as the market is clearly bearish, but we should not forget that the recent bearish impulse wave has […]

05-09-2018 Dax Technical Analysis

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05-09-2018 Dax

The German DAX lost 109 points on Tuesday, closing at 12220. At one point, the market had dropped over 200 points and we managed to grab quite a few of those points before 10am. Our BBRSI strategy offered three signals to sell yesterday morning and these could have provided up to 200 points profit. I personally only managed 72, but that’s more than enough for me. On to the news. Traders remain cautious ahead of the next round of negotiations in the US-Canada trade dispute. Canadian Prime Minister Justin Trudeau rejects concessions on key issues in the talks on the new edition of the North American Free Trade Agreement Nafta. US President Donald Trump threatened to break the negotiations this weekend (sigh). Above […]

04-09-2018 Dax Technical Analysis

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04-09-2018 Dax

I am neutral and believe the DAX is on a “knife-edge” as to whether, in the coming trading days, it could still fall below the 12100-point mark. The bearish case looks at Trump. If Trump continues to show the EU in the tariff dispute the hard edge, the pressure on the shares in the German automotive sector should tighten, which also pull down the Dax. Customs worries have been weighing on the automotive industry across Europe for quite some time. The bullish case  The mood of investors in the German stock market is still somewhat clouded in the face of international trade disputes and currency turbulence in emerging markets. The US took a market holiday meaning afternoon trading conditions were calm and boring. Due to the […]

07-08-2018 Dax Technical Analysis

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07-08-2018 Dax

DaxTraders did not like the drop in new orders in German industry for June. The drop was much stronger than expected and many analysts still quote the trade dispute as the main cause for the fear of German companies. There is no doubt that the trade dispute has inhibited the risk appetite, but it is becoming a scapegoat for any negative price action.    The day provided plenty of opportunities, as the video will demonstrate below, but right in the middle of the day was a 180+ point mountain. I imagine that many traders were left trapped as a result. The mountain refers to the shape of price action and this particular pattern is often a ‘wash and rinse’ of […]

06-08-2018 Dax Technical Analysis

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06-08-2018 Dax

Hello traders. It’s my birthday on Wednesday, so this is fair warning that I will not be working on that day and will possibly be sluggish on Thursday. Hopefully, the weather stays warm because the plan is for a beach BBQ in the afternoon/evening, bit of a swim, volleyball, rock climbing (there is a beach boulder to climb), few beers, tennis, football, frisbee, should be fun. This is the time of year where many traders, investors and institutional guys go on holiday. These conditions can create a bit of a liquidity drain which makes the market ‘jumpy’ during releases. With this in mind, traders should probably be prepared for some major fluctuations this week. A flood of quarterly figures are due out with […]

03-08-2018 Dax Technical Analysis

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03-08-2018 Dax

The intensified trade dispute between the US and China on Thursday severely damaged the Dax (DAX 30) and weighed heavily on the auto industry in particular. There were a number of disappointing company numbers yesterday including Siemens and Continental. Despite BMW being strong, the overall tensions between the US and China continued to worry the markets. Yesterday’s price action was aggressive and bearish. We formed a ‘b’ profile with the majority of price action in the lower half of the trading range, however, the price action managed to close above the value area high. This will encourage bulls, especially as the ‘455 level was not threatened and therefore we remain bullish above this.  We tagged the major median line, which I […]

02-08-2018 Dax Technical Analysis

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02-08-2018 Dax

Good morning traders and welcome to the 02-08-2018 Dax Technical Analysis article. The analysis video is included below. The re-emergence of the US-China trade dispute has pushed the DAX into negative territory. The German leading index slid back below the much-noticed 200-day line. Already the whole day investors had withstood in view of the balance sheet season and the evening interest rate decision of the US Federal Reserve. Experts warn that if the dispute between the US and China escalates, there is currently little that could stabilize the stock markets. So this puts our bullish trend defining level under pressure. Trend defining level: 12455 (mini-dax) As for today, we have plenty of releases on the Economic Calendar such as NFP and […]

31-07-2018 Dax Technical Analysis

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31-07-2018 Dax

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