Download MetaTrader 5

Forecast and levels for Dax Index - page 5

To add comments, please log in or register
Sergey Golubev
Moderator
102709
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

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.

Dax Index

  • "The DAX made a lower-low on Monday within the confines of a maturing bearish channel dating back to the early-part of February. The price sequence is marked by a series of clear lower-lows and lower-highs, and as long as the index stays below the upper parallel the outlook remains broadly bearish, with the weakening price action possibly resulting in a swift move lowe soon. Specifically, support at 11726 is about to come under fire again shortly. On a move to fresh lows, the lower parallel isn’t seen as holding for much longer. There is minor support at 11428, but nothing substantial until a trend-line extending higher from 2011, which doesn’t arrive for a solid 1000 points from current levels."
  • "This doesn’t mean the market will decline to that point in one clip, but the DAX is trading in dangerous territory where worthy levels of support aren’t highly visible. To turn the picture bullish, a lot of work will need to be done from current levels. The next time we turn bullish might not be until we’ve seen a capitulation-style sell-off marking a bottoming-type event."

============

The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post together with the following indicators from CodeBase:


Sergey Golubev
Moderator
102709
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.04.07 18:41

Weekly Fundamental Forecast for Dax Index (based on the article)

Dax Index by Metatrader 5

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.


Mauro Giuseppe Tondo
1118
Mauro Giuseppe Tondo  
update?
Sergey Golubev
Moderator
102709
Sergey Golubev  
Mauro Giuseppe Tondo:
update?

Update?

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.

Dax Index by Metatrader 5

Mauro Giuseppe Tondo
1118
Mauro Giuseppe Tondo  
thanks you
To add comments, please log in or register