Quick Technical Overview: Technical Targets for DAX Index - psy level at 10,000.0 to be tested for the bullish reversal
is on slowly recovering mode after Brexit breakdown: the secondary bear market rally was started with 9.794.1 resistance level to be tested to above for the next bullish reversal target at 9.977.7
the price breaks 9.977.7 resistance level to above so the intra-day bullish reversal will be started, if the price breaks 9,499.9 support to below so
the primary bearish trend will be resumed with 9,152.1 nearest bearish target, otherwise -
the price will be on bearish ranging within the levels.
Daily price is on secondary rally with 9,783.3 resistance level to be broken, and the nearest next target is 10,000.0 psy level to be broken to above for the price to be reversed to the primary bullish market condition.
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Sergey Golubev, 2016.07.07 12:58
DAX Index Technical Analysis: bearish ranging within key narrow levels (adapted from the article)
Daily price is located below Ichimoku cloud on the bearish area of the chart for the ranging within 9799.5 resistance level and 9152.1 support level:
Span line is below the price indicating the ranging condition by direction.
If D1 price will break 9152.1
support level on close bar so the bearish trend will be continuing.If D1 price will break 9799.5
resistance level on close bar from below to above so the local uptrend as the bear market rally will be started.If not so the price will be on ranging within the levels.
DAX Index Technical Analysis: daily ranging inside Ichimoku cloud waiting for direction of the trend
Daily price is on ranging inside Ichimoku cloud waiting for the direction of the trend to be started within the following key reversal support/resistance levels:
If D1 price breaks 9783.1
support level on close bar so the primary bearish trend will be resumed with 9351.0 possible bearish target.If D1 price breaks 10152.6
resistance level on close bar so the reversal of the price movement to the primary bullish market condition will be started with 10372.5 possible bullish target to re-enter.If not so the price will be on ranging within the levels.
SUMMARY : ranging
Sergey Golubev, 2016.07.25 13:23
Dax Index Weekly Outlook - possible weekly bullish reversal (adapted from the article)
"Germany’s DAX Index climbed 1 percent, with 28 of its 30 companies
advancing. It was one of the biggest gainers in western Europe. France’s
CAC 40 Index added 0.7 percent, while the U.K.’s FTSE 100 Index gained
is on bear market rally for resistance level at 10,372.5 to be testing for the 10,519.9 level as a nearest target to re-enter. If the price breaks this 10,519.9 resistance level to above so the reversal of the price movement from the bearish to the primary bullish condition will be started, otherwise - the price will be on bearish ranging within the levels near 'reversal' Senkou Span line and Ichimoku cloud.
Dax Index Technical Analysis 2016, 07.08 - 14.08: daily bullish ranging within key narrow s/r levels; weekly bullish reversal
Daily price is located above Ichimoku cloud in the bullish
area of the chart for the ranging within key narrow support/resistance levels:
Absolute Strength indicator is evaluating the ranging condition to be continuing.
SUMMARY : ranging bullish
Sergey Golubev, 2016.08.16 14:40
DAX Index Technical Analysis: daily bullish ranging within narrow levels waiting for breakout/breakdown (adapted from the article)
is on primary bullish market condition: price is testing 10,739.3/10,803.8 support levels to above for the bullish trend to be continuing.
SUMMARY : bullish
DAX Index: End Of Week Technicals - Daily Correction
Daily price is above Ichimoku cloud in the bullish area of the chart for the ranging within the following support/resistance levels:
Chinkou Span line of Ichimoku indicator is located above the price for the possible correction in the near future, and Absolute Strength indicator is estimating the the trend as the local downtrend to be started.
SUMMARY : correction
Dax Index Technical Analysis 2016, September: bullish breakout to be continuing or ranging for direction
is located above Ichimoku cloud in the bullish
area of the chart: the price is testing 10,686.2 resistance level
together with ascending triangle pattern to above for the bullish trend
to be continuing with 10,803.8 resistance as a nearest bullish target to
re-enter. Absolute Strength indicator is evaluating the bullish trend to be continuing in the near future.
Weekly price is on the breakout with the bullish reversal since the beginning of July this year: price is testing 10,803.8 level to above for the bullish trend to be continuing.
If not so the price will be on ranging within the levels waiting for direction.
Sergey Golubev, 2016.09.01 16:19
EUR/USD Intra-Day Fundamentals: ISM Manufacturing PMI and 43 pips range price movement
2016-09-01 14:00 GMT | [USD - ISM Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - ISM Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
EUR/USD M5: 43 pips range price movement by ISM Manufacturing PMI news event
Dax Index intra-day chart (M5 timeframe) is continuing with the bearish trend based on ISM Manufacturing PMI news event for now: the price is testing 10,555.0 support ot below for the bearish trend to be continuing:
Sergey Golubev, 2016.09.12 13:42
DAX Index: Levels to watch - intra-day bearish breakdown (based on the article)
price broke 100 SMA/200 SMA reversal area to berlow for the bearish
market condition. The price is on ranging within 10,440 resistance and
10,319 support level for this morning.