03 H1 Dax Chart

Dax Technical Analysis 15/07/2016

Hello traders!

Another Friday, bring an end to yet another week, and what have we learned? It’s bullish! Have I been making money buying it? No. I’ve had a pretty awful week to be honest, mainly because I have not been able to spend time at the computer, so have relied on setting and forgetting. The Dax trades have been appalling and my only saving grace is the GBPUSD which I have been trading: https://www.mql5.com/en/signals/121031

My 52 week review is up and I have returned 67%! Pretty pleased with that.


Dax Technical Analysis Summary

We are bullish above 9900, but we are struggling to take out 10100 so are trapped in a 200 point range and moving sideways.

There could be an interesting buying opportunity around 9950 (looking on the 5 minute chart), bouncing from the daily S1 – pivot point indicator

Bearish MACD momentum is slowing and we are about to break out of the moving average envelope, to the upside (15 minute chart)

If we fail to hold 9900, then we could see 9650 again (30 minute chart)

Heiken Ashi has turned bearish again (1 Hour chart), signalling selling opportunities.

We are still right on top of the daily 200 EMA

So right now, there are multiple mixed signals and it might be best to wait for a break out of the trading range for the trend to reveal itself.

Dax Support & Resistance

KEY LEVELS
Daily R210218
Daily R110141
Daily Pivot10033
Daily S19956
Daily S29848
200 Day EMA10058

Dax Charts

03 H1 Dax Chart
03 H1 Dax Chart
04 Dax m15 Chart
04 Dax m15 Chart
04 Dax m30 Chart
04 Dax m30 Chart
05 Dax m5 Chart
05 Dax m5 Chart
01 Dax Daily Chart
01 Dax Daily Chart
02 Dax H4 Chart
02 Dax H4 Chart