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Sergey Golubev, 2018.03.28 17:02
Dax Index - weekly breakdown; 11,730 support is the key (based on the article)
Weekly price is breaking Ichimoku cloud to below: the price is testing 11,730 support level for the bearish reversal to be started.
The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post together with the following indicators from CodeBase:
Sergey Golubev, 2018.04.07 18:41
Weekly Fundamental Forecast for Dax Index (based on the article)
Dax Index - "It’s a quiet week ahead on the economic calendar, with no ‘high’ impact data releases set to be released. Keep an eye on the reaction in U.S. markets on Wednesday following the release of the FOMC minutes. Risk trends will likely be a dominant theme in the week ahead. The DAX, which had previously been a significant laggard behind the stronger U.S. market, found good strength last week and put together a large reflexive rally. The bounce took it up to the top of a bearish channel it continues to trade inside, with its beginnings dating back to February."
The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.
Bullish reversal was started on daily chart: the price broke one of Senkou Span line to above (on close daily bar).So, the price is located inside Ichimoku cloud. By the way, 12,530/12,603 are the key resistance levels (daily/weekly) so if the price breaks this levels on close bar - we may see the bullish trend to be confirmed on short and medium term situation; if not so the price will be on ranging within Ichimoku cloud waiting for direction for bearish or bullish.