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01-dax-daily-chart

Dax Technical Analysis 21/12/2016

We are bullish above 11150 and short term bullish above 11350. An interesting setup for bears is a short from current position, with a stop above 11475, targeting a move back towards 11425. I doubt I will take that. A pullback to that level, which was the R1 from yesterday (pivot point indicator) could interest me to go long. Bulls will also take encouragement from a break above 11475.


03-h1-dax-chart

Dax Technical Analysis 14/12/2016

On the four hour chart, we have moved away from the upper Bollinger band and the trajectory of the rally has softened. We are still in the top half of the Bollinger channel and above the median line, and the oscillator is still overboard and has been for over a week. On the one hour chart, the slowdown is more obvious and we can see clear bearish divergence. So from current levels, there is an opportunity to go short with a stop above the recent high. I am just aware that the move may not be over yet and I may find a better price nearer to 11 430.




02-dax-h4-chart 1

Dax Technical Analysis 09/12/2016

On the m5 chart, a break below 10160 could open up the 10125 zone again, this was supportive yesterday, but if that goes there is a low volume pocket below and price could find a decent opportunity to correct. I would like to see 11000, maybe even 10900. If price holds and doesn't break lower, then the next move is a break above 10230 on the way towards 10430.


01-dax-daily-chart

Dax Technical Analysis 08/12/2016

One more reason that we may well be seeing this incredible rally on the Dax, is because many analysts and traders are pricing in the fact that the ECB will once again be showing off its generous side. They believe that it will once again extend the multibillion-dollar easing program and this will have a positive effect on the Dax. Super Mario is also widely expected to comment on the shocks of Italian banks. So there is likely to be some volatility and focus now shifts to that event.



tv-15m-dax-chart

Dax Technical Analysis 05/12/2016

On Friday we reached a new low of 10,402. I had marked out three levels of support based on previous rejection points from the daily chart and on Friday we pierced the first one. Despite this, we actually finished higher on the day closing at 10526. 200 day EMA is it 10 370 just below the second layer of support I marked out on the daily chart. Overall there are still bound by the long-term range, so balls may find a better price on open first thing this morning.


01-dax-daily-chart

Dax Technical Analysis 02/12/2016

On the daily chart we have a couple of interesting zones to watch (for bulls): 10340, 10390 and 10440 which can act as support. We also have the daily 200 EMA just below us at 10367. All of these areas could be interesting to go long with decent reward. On the H4 chart, price has now just touched the lower Bollinger band again, so once again a signal for Bulls.


05-dax-m5-chart

Dax Technical Analysis 01/12/2016

On the one hour chart we attempted to break the support this morning but were rejected and the hourly candle from this morning has a very large tail. Buyers could interpret this as a good opportunity to go long at the bottom of the range. Sellers could interpret this as a second test of support in quick succession, with a break now appearing inevitable.