05 m30 Dax Chart

Dax Technical Analysis 30/10/2015

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Good morning traders!

The Dax took a hit yesterday with the majority of damage coming in the early session and particularly strong price losses at Deutsche Bank. Investors have had to process a lot of quarterly figures and the recent statements of the US Federal Reserve proved interesting as the Fed leaves the door open for a rate hike in December based on the assessment that the international situation no longer as critical as first estimated.

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The main talking point was the dividend cancellation of Deutsche Bank for the years 2015 and 2016, and whilst although it’s indeed necessary, the share price plummeted.

The 200 day EMA is beginning to level out/turn positive at around the 10650 July support. The daily chart resistance is still the key level to watch right now as we continue to gain ground and we are not far from it. I still find the pivot levels interesting as yesterday there was a good opportunity to go long from the S1 with a 30 point stop and rewarded at least 2:1. Given more time, I would trade these moves more often so I am going to put my orders in for going long from the S1 and S2.

Forex Trades – I got stopped out of my EURUSD trade, by accident, I made a mistake with the stop loss. I still have the EURGBP short and USDJPY long. Looking for other opportunities.

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DaxTrader RSI Indicator with Alert

Here are the current signals I am looking at from my DaxTrader RSI indicator

Current Dax Signals
Current Dax Signals

Dax Support & Resistance

KEY LEVELS
Daily R210984
Daily R110896
Daily Pivot10818
Daily S110730
Daily S210652
200 Day SMA10636

Dax Charts

Current Dax Signals
Current Dax Signals
01 Weekly Dax Chart
01 Weekly Dax Chart
02 Daily Dax Chart
02 Daily Dax Chart
03 H4 Dax Chart
03 H4 Dax Chart
05 m30 Dax Chart
05 m30 Dax Chart
06 m5 Dax Chart
06 m5 Dax Chart

 

5 thoughts on “Dax Technical Analysis 30/10/2015

  1. Yesterday (Thu) a good day for shorting from the daily pivot down to the S1..

    Today (Fri) that setup looks to be working too. Could well take out yesterdays low and head for prior two days lows. Alternatively could well bounce from S1 which I calculate as 11758

    Weekly still countrend upcycle, falling resistance at 11106. Monthly R2 at 11048.

  2. Hi, price action is not very conducive to higher prices at the moment. Traders taking rightful profits off the table.
    Be aware for a very possible basing pattern for another run up into 11000 some time this month.

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