FDAX, D1

On the daily chart, the upward trend is still in force. The instrument returned to growth after correction and is trading between the middle line and the lower border of Bollinger bands. The MACD histogram is in the positive region, keeping the signal to open long positions. Stochastic in the neutral zone, the lines of the oscillator are directed downwards.

FDAX, H4

On the 4-hour chart, a downward movement is being corrected, the instrument is trading between the middle line and the lower border of Bollinger bands, the price range is extended, indicating a likely resumption of the decline. The MACD histogram is in the negative area, the signal line crosses the zero line and the body of the histogram downwards, forming a strong signal to open sell orders. Stochastic in the neutral zone, the lines of the oscillator are directed upwards.

Key levels

Resistance levels: 11045.0, 11097.0, 11160.0, 11240.0, 11279.0, 11312.0, 11389.0.

Support levels: 10997.0, 10922.0, 10860.0.

Trading tips

In the short term, it is better to open short positions from the level of 10922.0 with the target at 10860.0 and stop loss 10961.0.

Long positions can be opened from the level of 11045.0 with the target at 11160.0. Stop loss is 10997.0.

Implementation period: 1–3 days.

DAX30 index of the German stock exchange

BuySellSpread
12250.612240.6100

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point10922.0
Take Profit10860.0
Stop Loss10961.0
Support levels10860.0, 10922.0,10997.0, 11045.0, 11097.0, 11160.0, 11240.0, 11279.0, 11312.0, 11389.0

Alternative scenario

RecommendationsBUY STOP
Entry Point11045.0
Take Profit11160.0
Stop Loss10997.0
Support levels10860.0, 10922.0,10997.0, 11045.0, 11097.0, 11160.0, 11240.0, 11279.0, 11312.0, 11389.0
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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