19-01-2018 Dax Technical Analysis

Dax Outlook

The DAX takes out 13350 and threatening 13425

It would be pretty cruel if buyers fail to take out this key milestone after getting so close to it. I believe we saw 13420 at the time of writing, however, this was after a considerable early rally. The average daily movement price range for the DAX is around 135 points, so how much further it goes today is difficult to predict.


Getting Tired?

Buyers have already achieved something today by taking out 13350 with some force, it would be understanding is prices retraced back to that zone, before attempting to take on 13425. However, we will see.

19-01-2018 Key Levels

POC *13233
Value Area High *13263
Value Area Low *13208
14 Day ATR138.89
200 EMA12626
Daily R213370
Daily R113327
Daily Pivot13263
Daily S113220
Daily S213155
*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices