Dax Technical Analysis 22/04/2015

Good morning traders!

Whilst we are still waiting for the major problem to happen, the tensions between Germany and Greece have intensified once again and Grexit fears are moving up another level now. It seems that every due payment to the lenders is littered with uncertainty and the next major one to watch is the 12th May when it needs to find a chunk of cash to pay IMF. More and more hurdles come after this and a solution is not quite ready to be released and the longer it takes, the more likely it looks like things will go badly.

Volatility is expected in the short term and that can make for some interesting opportunities.

Another interesting macro factor I read recently is/are bond yields. Despite Draghi saying it was premature to have a discussion of bond scarcity, ECB have mentioned the possibility of corporate bonds. It makes the suggestion that the yield curve is dangerously pointing towards the -20bp deposit rate under which the ECB has stated it will not buy bonds.

Current Positions

Long: USDCAD, NASDAQ, EUROSTOX

Short: EURJPY, EURUSD

Closed Positions

Dax long (102 points), US30 (100 points) and JPN225 (335 points)

Dax Support & Resistance

KEY LEVELS
Daily R212181
Daily R112071
Value High12006
24hr VWAP11986
Daily Pivot11970
Naked VPOC11957
34 Hour EMA11936
Value Low11927
Daily S111860
Daily S211759
200 Day EMA10505

Dax Charts

1Dax - FXI Indicator
1Dax – FXI Indicator
2Dax Daily Chart
2Dax Daily Chart
3Dax Intra-day Chart (4 hour)
3Dax Intra-day Chart (4 hour)
4Dax Intra-day Chart (30 minute)
4Dax Intra-day Chart (30 minute)
5Dax Intra-day Chart (5 minute)
5Dax Intra-day Chart (5 minute)
6Dax Volume Profile Chart (5 minute)
6Dax Volume Profile Chart (5 minute)
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