FDAX, D1

On the D1 chart, the downtrend is still in force: the instrument broke through the lower border of Bollinger Bands from above, continuing the decline. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is on the border of the neutral zone with the oversold zone, the oscillator signal line is directed downwards.

FDAX, H4

On the H4 chart, the instrument is declining along the bottom line of Bollinger Bands; the price range is widened, which indicates a possible continuation of the downtrend in the short term. MACD histogram is in the negative zone, the signal line is crossing the zero level and the body of the histogram from above, forming a signal to open short positions. Stochastic left the oversold area, and the signal line of the oscillator is directed upwards.

Key levels

Resistance levels: 10952.6, 11004.8, 11094.7, 11144.1, 11265.9, 11341.4, 11442.9, 11512.5, 11605.4, 11660.5.

Support levels: 10836.5, 10755.3.

Trading tips

Short positions could be opened from the current level with target at 10755.3 and stop loss at 10952.6 in the short term. Implementation time: 1-3 days.

Long positions may be opened from 11004.8 with target at 11094.7. Stop loss — 10952.6. Implementation period: 3-5 days.

DAX30 index of the German stock exchange

BuySellSpread
10828.210818.2100

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point10888.5
Take Profit10755.3
Stop Loss10952.6
Support levels10755.3, 10836.5, 10952.6, 11004.8, 11094.7, 11144.1, 11265.9, 11341.4, 11442.9, 11512.5, 11605.4, 11660.5

Alternative scenario

RecommendationsBUY STOP
Entry Point11004.8
Take Profit11094.7
Stop Loss10952.6
Support levels10755.3, 10836.5, 10952.6, 11004.8, 11094.7, 11144.1, 11265.9, 11341.4, 11442.9, 11512.5, 11605.4, 11660.5
FDAX: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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