Good morning traders, it’s Monday the 10th of August and time for today’s 10-8-2020 German DAX 30 analysis. The corona crisis almost brought the global mergers & acquisitions business to a standstill. But now the market is experiencing a rapid comeback, which is generally good for equity market buoyancy, especially after the recent bearish trend. For now, the German DAX bounce turns neutral and we are seeing consolidation. See below for more details.

DAX 30 Review From Last Session

During the last session, we saw the DAX 30 hit a session high of 12706 and a session low of 12514 giving us a range of 192 points compared to the average daily range of 247. At the close of play last session, the market closed at 12706 which was 650 points above the 200EMA and 289 points above the 50EMA.

DAX Outlook and Bias

The DAX is currently Neutral.

The German DAX 30 index is currently Neutral with no specific trend. In fact we are pretty much range bound between 12514 and 12802, so we can either look to fade the two extremes assuming the range trading continues, or wait for a breakout above 12802 or below 12514. The issue with a netural market, is that we can’t really use the DAX trading strategy with much positive expected value (+EV).

German DAX bounce turns neutral

DAX 30 Levels To Watch

As for the key levels to watch today, watch out for the previous session Point of Control (POC) at 12585 and the previous session Volume Weighted Average Price (VWAP) at 12619. The value area high (VAH) is currently 12663 and the value area low (VAL) is currently 12570.

DAX Technical Indicators

IndicatorValue
RSI52
StochasticK: 67 and D: 62
MACD OSMA-39
Point of Control (POC)12585
Value Area High (VAH)12663
Value Area Low (VAL)12570
The DAX Pivot12642
The DAX R212835
The DAX S212450
Daily 5 EMA12680
Daily 8 EMA12680
Daily 50 EMA12417
Daily 200 EMA12056

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As for my index trading; during the last trading session I took a total of 3 trades (2 DAX trades and 1 FTSE trade). 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 trade, 1 was from the FTSE trading strategy (Using the DAX DTI) and 0 were from the regular morning FTSE signal. Overall, I hit 0 winners, 3 losers, and 0 break-even trades. This gave me a total profit of -3% for the day.

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.

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TheDaxTrader.co.uk 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.

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