Forecast and levels for Dax Index - page 6

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Sergey Golubev
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Sergey Golubev, 2019.03.21 09:29

Intra-Day Fundamentals - Dollar Index, Dax Index and Hang Seng IndexFederal Funds Rate and FOMC Statement

2019-03-20 18:00 GMT | [USD - Federal Funds Rate]

  • past data is 2.50%
  • forecast data is 2.50%
  • actual data is 2.50% according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

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From official report :

  • "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes."

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Dollar Index (DXY): range price movement by Federal Funds Rate news events

Dollar Index (DXY): range price movement by Federal Funds Rate news events

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Dax Index: range price movement by Federal Funds Rate news events

Dax Index: range price movement by Federal Funds Rate news events

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Hang Seng Index (HK50): range price movement by Federal Funds Rate news events

Hang Seng Index (HK50): range price movement by Federal Funds Rate news events

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread 

Sergey Golubev
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Press review

Sergey Golubev, 2019.03.25 12:10

DAX Index - Daily Correction near Bearish Reversal; 11,239 is the key (based on the article)

DAX Index Ichimoku chart by Metatrader 5

  • "Last week’s strong closing candle is coming from a big area with long-term implications. The head-and-shoulders top I’ve been discussing for months had its neckline thoroughly tested after it broke in October. Retests are a common occurrence for these types of patterns before their full bearish potential is realized. In confluence with the neckline is the decisively falling 200-day MA, the underside of the 2011 trendline which was also broken in the fall, and the low from almost exactly one year ago today."
  • "What was helping keep sellers at bay in the interim, though, was the constructive trend off the December low, with the lower parallel of the channel acting the guide. With last week’s break of not only the lower parallel but also lows created over the past several weeks the path of least resistance is setting up for sellers to regain control."
  • "Given the magnitude of the topping pattern, anticipation is for the market to drop down to the 2009 bull market trend-line and lows from the 2015/16 sell-off. This would mean the DAX has another roughly 18-23% from current levels to go before possibly finding a bottom."

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

The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
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GER30 Dax Strong MN1 Bearish Pattern in a VERY HEAVY (MN3/Y1) Up Trend.

Hacking the MARKETS, 2019.04.01 22:33

GER30 shows a MN1 Head and Shoulders, in a HEAVY Up Trend.
The Market is in a "Bearish Bounce Pull Back Area", and in a kind of consolidation.

With MN1 Mother Candle Out-broken,
and a double W1 High/Low broken by a W1 bearish Engulfing Candle. The market for now is still in its range.

And MN1 MACD Had already Down-broken the 2012 January Support.


Sergey Golubev
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Sergey Golubev, 2019.05.25 17:27

DAX Index - 12000 Break May Pave the Way for Further Losses (based on the article)

Dax chart by Metatrader 5

  • "Despite the DAX closing lower by 1.5% for the week, the index has managed to remain in an uptrend, hugging the trendline support from the 2018 low. However, failure to hold above 12000 could see support zone tested at 11800. For the softer outlook to fade a closing break above 12300 is needed. Reminder, given market holidays on Monday, volumes will most likely be lighter thus markets may be vulnerable to overextended moves."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2019.07.06 13:53

DAX Index - weekly bullish breakout (based on the article)

DAX Index Ichimoku chart by Metatrader 5

  • "The DAX 30 continued its climb higher this week, remaining comfortably within its upward channel. The upper and lower bounds of the channel will look to serve as resistance and support respectively. Alongside the channel, the German Index will take note of horizontal levels at 12,740 – marking an area of confluence with the lower bound which together should stall attempted moves lower. To the topside, a horizontal trendline around 12,715 will mark an area of resistance that must be surpassed before the DAX can look to test the topside of the channel."

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

The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

Sergey Golubev
Moderator
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2019.07.22 06:47

DAX Index - bullish ranging within the levels for direction (based on  the article)

DAX Index chart by Metatrader 5

  • "After falling out of an ascending channel, the DAX 30 has broken through multiple levels of subsequent support. Now, the Index looks to test a final level of nearby support around 12,200. Should the horizontal support fail, secondary resistance around 12,050 may come into play. After bleeding lower during July, the DAX may look to consolidate around the ascending trendline beneath before resuming its climb higher."

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

The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2019.09.07 11:24

DAX Index - possible breakout with the daily bullish reversal (based on  the article)

Dax Index daily chart by Metatrader 5

  • "In recent sessions the DAX continued to push higher having made a break above the 50 and 100DMAs. Subsequently, this confirms that the index looks to have bottomed out at 11500 in the interim. That said, with the 50% Fibonacci support holding at 11887, eyes are now for a test of 12291. As a reminder, focus will be on the ECB in the next, where the central bank is expected to unveil a new round of stimulus measures. However, with the markets setting the bar high for a dovish surprise, there is a risk of potential disappointment."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After


Sergey Golubev
Moderator
115891
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.11.15 15:32

Intra-Day Fundamentals - Dollar Index, USD/JPY, GOLD (XAU/USD) and Dax Index: United States Advance Retail Sales

2019-11-15 13:30 GMT | [USD - Retail Sales]

  • past data is -0.3%
  • forecast data is 0.3%
  • actual data is 0.3% according to the latest press release

if actual > forecast (or previous good for currency (for USD in our case)

[USD - Retail Sales] = Change in the total value of sales at the retail level.

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From marketwatch article :

  • "Retail sales increased 0.3% last month, the government said Friday, matching the forecast of economists polled by MarketWatch. The increase in sales was concentrated in just a few segments, however. If autos and gasoline are excluded, sales rose a scant 0.1%, with almost all of that gain coming from internet retailers."

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Dollar Index (DXY): range price movement by United States Advance Retail Sales news events

Dollar Index (DXY): range price movement by United States Advance Retail Sales news events

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USD/JPY: range price movement by United States Advance Retail Sales news events

USD/JPY: range price movement by United States Advance Retail Sales news events

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XAU/USD: range price movement by United States Advance Retail Sales news events

XAU/USD: range price movement by United States Advance Retail Sales news events

==========

Dax Index: range price movement by United States Advance Retail Sales news events

Dax Index: range price movement by United States Advance Retail Sales news events

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

The forum threads
  1. Key forum thread - Fast Fourier Transform - Cycle Extraction - the thead with FFTfiltr indicator and explanation
  2. New EA based on the !xMeter (!xMter based on Fast Fourier Transform) - the thread 
  3. Many FFT indicators with examples and explanations - the thread 
  4. Ticks Before The News - the thread with many FFT indicators and explanation how to trade

CodeBase

  1. dt_FFT - library for MetaTrader  
  2. LGLIB - Numerical Analysis Library - library for MetaTrader 4 
  3. ALGLIB - Numerical Analysis Library - library for MetaTrader 5 
  4. AFIRMA - indicator for MetaTrader 5
  5. Fourier extrapolation of price - indicator for MetaTrader 5

The articles


Sergey Golubev
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Sergey Golubev, 2019.11.26 17:13

Intra-Day Fundamentals - EUR/USD, USD/CNH and Dax IndexCB Consumer Confidence

2019-11-26 15:00 GMT | [USD - CB Consumer Confidence]

  • past data is 126.1
  • forecast data is 125.2
  • actual data is 125.5 according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.

==========

From official report :

  • "The Conference Board Consumer Confidence Index® decreased in November, following a slight decline in October. The Index now stands at 125.5 (1985=100), down from 126.1 in October. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased from 173.5 to 166.9. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – increased from 94.5 last month to 97.9 this month."
  • "Consumer confidence declined for a fourth consecutive month, driven by a softening in consumers’ assessment of current business and employment conditions,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The decline in the Present Situation Index suggests that economic growth in the final quarter of 2019 will remain weak. However, consumers’ short-term expectations improved modestly, and growth in early 2020 is likely to remain at around 2 percent. Overall, confidence levels are still high and should support solid spending during this holiday season."

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EUR/USD: range price movement by CB Consumer Confidence news events

EUR/USD: range price movement by CB Consumer Confidence news events

==========

USD/CNH: range price movement by CB Consumer Confidence news events

USD/CNH: range price movement by CB Consumer Confidence news events

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Dax Index: range price movement by CB Consumer Confidence news events



Dax Index: range price movement by CB Consumer Confidence news events

==========

The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


Sergey Golubev
Moderator
115891
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.03.10 08:58

DAX Index - Daily Bearish Breakdown; 10,358 support is the key for the bearish trend to be continuing(based on the article)

DAX Index daily Ichimoku chart by Metatrader 5

  • "Panic selling from the coronavirus has not only caused global equities to plunge but also darkened what was an already-gloomy outlook for the Eurozone. The region was beginning to show signs of stabilization, but the spread of the coronavirus has cut that recovery short and resurrected fears of another downturn in Europe. This comes after the region suffered from a politically-turbulent two years both internally and externally."
  • "Germany and Italy – the first and third largest Eurozone economies, respectively – are expected to enter a technical recession this year (defined as consecutive quarters of contraction). The spread of Italian and German 10-year sovereign bond yields spiked over 30 percent and is now at its widest point since August 2019. This came as yields on the latter fell to a record-low amid market-wide risk aversion."
  • "Since topping in mid-February, the German DAX equity index has plunged over 20 percent and is a hair away from the 2018-low at 10381.510 after it recorded its biggest one-day decline on record. Breaking this floor would open the door to testing the four-year low at 10085.480 where selling pressure may abate. However, a bearish overhang could continue pressuring the index to multi-year lows."

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

The chart was made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


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