#GER30 Due to the weakening of the upward trend, she can see higher targets and after that, with the formation of our pattern, she expects the price to drop.(feminine) GLongby btcsimorg1
GDAXI Germany 40 showed false breakoutGermany 40 seems false breakout, it's a great time to try short position, or cut some your stocks long positions. Shortby Zak-5
GDAXI Germany 40 showed false breakoutGermany 40 seems false breakout, it's a great time to try short position, or cut some your stocks long positions. Shortby Zak-2
GERMANY 30/40 DE30/40 Robbery Plan To make and take moneyMy Dear Robbers / Traders, This is our master plan to Heist GERMANY 30/40 Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, Market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Longby Thief_TraderUpdated 1
SHORT IDEAMy bias is still favoring the short side, Targets and annotations made in the chart. 18300 possible short targets. Key levels and annotations made on the chart. Once the stop level of 18549.9 is breached, the idea is invalidated. As usual, manage risk and conserve capital.Shortby Quantum_LabsUpdated 2
DAX Tests Critical Support after Hotter German InflationConsumer price pressures in Germany accelerated in April to 2.4% y/y, which marked the first uptick since December. Eurozone inflation meanwhile persisted at the same level (May preliminary due on Friday), while wages in the region increased in the first quarter. This has created some worries around the disinflation process and the central bank’s prospects for less restrictive stance. GER30 extends its slide from the recent all-time peak into the third week as a result and now tests a crucial support area. It breaches the EMA200 (H4) threatening the 38.2% Fibonacci of its last leg up. This would pause the bullish momentum and create risk for deeper pullback towards the daily Ichimoku Cloud, but we are cautious around sustained weakness. Recent European inflation data may have showed some persistence and European officials may have warned against back-to-back rate cuts, but the ECB is expected to become the first major central bank to pivot and slash rates next week. This shift towards looser monetary setting, along with Germany’s exit for recession, are supportive for the stock market. Furthermore, the RSI is oversold and if GER30 manages to hold the pivotal EMA200 and 38.2% Fibo, its bullish bias would be reaffirmed and could lead to new record highs. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results. by FXCM1
SHORT IDEA Anticipating a continuation lower during this session and continuation during the New York Sessions. Longs seem unfavorable Annotations and anticipated key levels made in the chart for partials and potential targets. Once the stop level of 18670 level is breached, the idea is invalidated and will be on the sidelines for a new opportunity. As usual, manage risk appropriately and conserve capitalShortby Quantum_LabsUpdated 2
Average True Range (ATR): una guida operativaCos'è l'Average True Range (ATR)? L'Average True Range (ATR) è un indicatore tecnico sviluppato da J. Welles Wilder nel suo libro "New Concepts in Technical Trading Systems". L'ATR misura la volatilità di un asset finanziario, indicando quanto il prezzo di uno strumento tende a variare in un determinato periodo di tempo. L’ATR tuttavia non fornisce indicazioni sulla direzione del prezzo, ma esclusivamente sulla volatilità. I CFD/Spread Bets sono strumenti complessi e comportano un rischio significativo di perdere denaro rapidamente a causa della leva finanziaria. 80,84% di conti di investitori al dettaglio perdono denaro nelle negoziazioni in CFD con questo fornitore . Valuta se comprendi il funzionamento dei CFD/Spread Bets e se puoi permetterti di correre l'elevato rischio di perdere il tuo denaro. Si prega di notare che gli Spread Bets sono disponibili solo per i residenti in UK. Calcolo dell'ATR Ormai qualunque piattaforma di trading implementa l’ATR ed è sufficiente applicare l’indicatore ad un qualsiasi grafico per ottenere in modo automatico e veloce il calcolo del suo valore. Per questo motivo potrebbe anche sembrare superfluo vedere come questo algoritmo sia calcolato ma non siamo dello stesso avviso. Infatti è opinione comune che l’ATR sia una semplice media del range dei prezzi sul time frame considerato ma non è così. L'ATR infatti si calcola seguendo i seguenti passaggi: 1) True Range (TR) : Anzitutto si determina il True Range per ogni periodo, che è il massimo tra i seguenti valori: La differenza tra il massimo corrente e il minimo corrente. La differenza tra il massimo corrente e la chiusura precedente. La differenza tra il minimo corrente e la chiusura precedente. 2) Media Mobile Semplice del True Range (ATR) : Successivamente si calcola la media mobile semplice del True Range su un determinato numero di periodi, tipicamente sulle piattaforme di trading troverete di default 14 periodi. Utilizzo dell'ATR nel Trading 1. Determinazione della Volatilità L'ATR è principalmente usato per determinare la volatilità di un asset finanziario. E’ intuitivo che un ATR alto indichi alta volatilità, mentre un ATR basso significhi bassa volatilità. Prestare attenzione al valore dell’ATR può essere di grande utilità per il trader per adattare le loro strategie di trading alle condizioni del mercato. Ad esempio potremmo decidere di non operare in condizioni di bassa volatilità o viceversa, in relazione al tipo di strategia adottata. Ancora potremmo adattare l’ampiezza dello stop loss così come del target della nostra operazione alle condizioni attuali di volatilità dello strumento considerato. Vediamo meglio nel dettaglio come sfruttare i valori dell’ATR. 2. Filtrare i Segnali di Trading L'ATR può essere usato per evitare di entrare nel mercato in periodi di bassa volatilità. I trader possono decidere di aprire operazioni solo quando l'ATR supera una certa soglia. Non esiste un valore valido per tutte le occasioni ed è opportuno ottenere tale valore calcolando opportunamente l’ATR facendo una statistica sui risultati ottenibili sullo strumento considerato e sul time frame utilizzato. 3. Impostazione degli Stop-Loss L'ATR può anche essere utilizzato per impostare gli stop-loss in modo da tenere conto della volatilità del mercato. Ad esempio, uno dei metodi maggiormente utilizzati è quello di impostare uno stop-loss a una distanza di 1.5 volte l'ATR dal prezzo di ingresso. Esistono ovviamente metodi più sofisticati come quello di sottrarre dal calcolo precedente la distanza già percorsa dal prezzo tra il massimo e il minimo nel momento in cui si apre la posizione e piazzare lo stop tenendo conto anche di questo range (da sottrarre all’1,5 ATR). 4. Impostazione dei Target La stessa tecnica può essere utilizzata per posizionare il target. Naturalmente maggiore è la volatilità più ampio dovrà essere lo stop loss ma allo stesso tempo anche il target atteso potrà essere maggiormente ambizioso. Esempi Pratici Esempio 1: Calcolo dell'ATR Supponiamo di avere i seguenti dati per un asset su un periodo di 5 giorni: Giorno 1 Massimo: 50 Minimo: 45 Chiusura: 48 Giorno 2 Massimo: 52 Minimo 46 Chiusura: 50 Giorno 3 Massimo: 55 Minimo: 49 Chiusura: 53 Giorno 4 Massimo: 54 Minimo: 48 Chiusura: 52 Giorno 5 Massimo: 56 Minimo: 50 Chiusura: 55 Calcoliamo il TR per ciascun giorno: Giorno 1: TR = 50 - 45 = 5 Giorno 2: TR = max(52 - 46, 52 - 48, 50 - 46) = 6 Giorno 3: TR = max(55 - 49, 55 - 50, 53 - 46) = 6 Giorno 4: TR = max(54 - 48, 54 - 53, 52 - 49) = 6 Giorno 5: TR = max(56 - 50, 56 - 52, 55 - 48) = 6 ATR = (5 + 6 + 6 + 6 + 6) / 5 = 5.8 Esempio 2: Uso dell'ATR per uno Stop-Loss Supponiamo che tu abbia acquistato un'azione a 100 euro e l'ATR a 14 periodi sia 2. Se desideri impostare uno stop-loss a 1.5 volte l'ATR, lo posizionerai a: 100 - (1.5 * 2) = 100 - 3 = 97 euro Lascio a voi come esercizio (davvero semplice) calcolare l’eventuale target. Naturalmente queste tecniche possono indifferentemente essere applicate su qualunque strumento finanziario indipendentemente dal time frame considerato. Vediamo un esempio di ATR applicato all’indice Dax su time frame 4 ore I risultati passati non sono indicativi dei risultati futuri. In un caso come quello rappresentato abbiamo un ATR di circa 74 punti, dunque il valore da impostare per uno stop loss che tenga conto della volatilità dello strumento sarebbe da calcolare come segue: 1,5 * ATR = 1,5 * 74 = 111 punti Considerazioni finali L’utilizzo di questo indicatore non mette al riparo da stop loss e non garantisce di raggiungere i target con il calcolo che abbiamo visto ma è sicuramente un modo per costruirsi un metodo di gestione della posizione che tenga conto delle diverse condizioni di mercato a tal punto, come non abbiamo mancato di sottolineare, da poter anche funzionare da filtro per l’apertura delle posizioni, evitando al trader di operare al di sotto o al disopra di valori predefiniti dell’indicatore. La finalità del presente articolo è meramente informativa e didattica. Le informazioni qui riportate non costituiscono consulenza in materia di investimenti e non contemplano la situazione finanziaria o gli obiettivi individuali degli investitori. Le informazioni relative ai risultati passati non sono un indicatore affidabile dei risultati futuri. Per quanto permesso dalla legge, in nessun caso, Capital.com (o un suo affiliato o dipendente) assume responsabilità per qualsiasi perdita incorsa a causa dell’utilizzazione delle informazioni fornite. Chi agisce in base a tali informazioni lo fa a proprio rischio. Qualsiasi informazione che possa essere intesa come “ricerca di investimento” non è stata preparata in conformità ai requisiti legali stabiliti per promuovere l’indipendenza della ricerca di investimento e dunque deve essere considerata comunicazione di marketing. I CFD/Spread Bets sono strumenti complessi e comportano un rischio significativo di perdere denaro rapidamente a causa della leva finanziaria. 80,84% di conti di investitori al dettaglio perdono denaro nelle negoziazioni in CFD con questo fornitore. Valuta se comprendi il funzionamento dei CFD/Spread Bets e se puoi permetterti di correre l'elevato rischio di perdere il tuo denaro. Si prega di notare che gli Spread Bets sono disponibili solo per i residenti in UKEducationby Capitalcom0
callyesterday we bought Us100 today let's add Ger30 . then my weekly target is about to be reached i will be off for the rest of the week. and there is Fed meeting coming this week so let's stay away from Fundamentals but on ger40 i see an inverse head and shoulderLongby sizwedlaminiforex0
2024-06-10 - a daily price action after hour update - daxGood Evening and I hope you are well. dax comment: Bears managed to print a lower low below 18400 but bulls bought it as expected. The recent bear channel is broken and we are in a new bull channel. Trading range price action and you should only buy pull-backs and fade new highs or lows. US session closed it right at Globex high. current market cycle: trading range key levels: 18400 - 18600 bull case: Bulls kept the bullish gap on my daily chart alive and well. They are moving up to 18600 again, where I expect more sellers than buyers. If bulls manage to break above, we will get 18700 next. They are also trading above the 15m and 1h ema, so they are in full control here. In my weekly post from yesterday I was in favor of the bulls and I hope you profited from it. Invalidation is below 18383. bear case: Bears tried again with a lower low but not enough bears are willing to short new lows and that’s why market is in balance and we move up and down. Bears want to keep this below 18600 or risk stronger leg to 18700. 18585 is the close of last week, which i expect will be hit. Invalidation is above 18700ish. short term: Bulls are moving this up again. If they can get it above 18600, I favor 18700 next. If 18600 is resistance, we will probably see 18450 or lower again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: Long the double bottom bar 28 + 37 on a stop one tick above bar 37, was good for 70 points. Bar 54 + 55 were also strong enough bars to consider new longs, if you covered before.by priceactiontds0
DAX**DAX:** This week's forecast is for the price to fall to the bottom of the channel and reverse to test the highs.by simaoxceps0
#202424 - a weekly price action market recap and outlook - daxGood Evening and I hope you are well. dax cfd Quote from last week: bear case: Bears making lower highs and lower lows. They closed 3 consecutive days below the daily 20ema and it was the 3rd consecutive monthly close below 18800. They also printed 3 consecutive weekly bear bars. Having said all that, bears sold off for 572 points while the last pull-back from the previous ath sold off for 1229 points. So what did they accomplish in the past 3 weeks? Not much. Are they really betting on a big acceleration downward now at the bull trend line, after they tried for 3 weeks now or will the face the reality, that the market does not want to go lower and will give up on shorts? Only possibility I see is that they get a big big gap down on Monday Globex or early on to stay below the breakout price of 18650ish (counting only the bar body). If bulls get above the daily ema again, I think they will give up and they would try again 18800 or possibly even wait for 19000 again. If we get a leg up and it’s strong, I can see bears just not even trying and we would find out where bulls want to take it. comment: Market in total balance inside key levels. It’s the 4th consecutive bear week but we are still above the midpoint of the first week of May where dax gained 800 points. This selling is as weak as it gets and that’s why another leg up is much more likely than an acceleration to the downside. We are oscillating around the daily 20ema at 18600 and right at the bull trend line from January. Market is in breakout mode and will have it next week. Odds favor the bulls but I wait for confirmation after US CPI and FOMC. current market cycle: trading range key levels: 18400 / 19000 bull case: It’s a trading range near the ath and that’s all there is to it. If market was rejecting higher prices, we would have traded below 18000 long time ago. The bullish gap#2 stayed open and there is an argument for a head & shoulders bottom with the neckline 18600 and a measured move would bring us right back to retest 19000. Invalidation is below 18400. bear case: Unless bears print a big daily bear bar below 18400, they are not doing much. Thursday and Friday we made higher highs and higher lows and I do think bears will give up on Monday if the buying pressure is strong enough. Not much more magic to it currently. Invalidation is a daily close above 18700. outlook last week: “In favor of bulls, if they break 18700 early next week. TP 18800 at least but I think we can do a total ripper. If bears somehow manage to keep it below 18700, we can retest the lows and if they do a big surprise below 18400, we will see 18300 fast and below that is 18000.” → Last Sunday we traded 18638 and now we are at 18572. Bulls got a higher high but bears kept it below 18700 for the week. Not the worst outlook but not on point either. short term: Still in favor of the bulls, unless bears get a strong daily close below 18400. Retest of 19000 is expected. If we can’t get it before CPI & FOMC and CPI comes in hot, I will go big on shorts for at least 18000 over the next 1-3 weeks. medium-long term: 17000 over the next 3-6 Months and when we get there, I update again. current swing trade: None and depending on Wednesday, I will initiate new positions. Chart update: The wave thesis is gone. This sideways movement has gone on for too long and we might see 19000 again but just as a leg inside a trading range. If it strongly moves way beyond 19000, I’m wrong and we might be on our way to 19500 or 20000.by priceactiontds0
Ahaed of Fed Decision on WednesdayAs we can see on Us30 we are still inside the previous months candle and are looking to break out. Last week the candle was also inside the previous week candle which could indicate the markets are ready for a big move. I would like to see price push higher taking last weeks high, but price are reacted bullish on the 39028.55 level so I will be looking out for signs of coninued bullish behaviour. Ger40 is another highly correlated pair and it has been quite choppy and bearish since the middle of May, the bearish volume is pretty weak so I will expect it to go up along with good data pretty soon. I can see on the 4H price has close above June 03 highs which could indicated a change of structure if price is not able to reach previous weeks lows.by S0202Trades0
GER30 W BUY IDEA 2/2/24Price has finally broken a W CONSOLIDATION ZONE that started on 12/4/23. Looking for price to retest the consolidation zone + the mid point of the bullish M channel and then continue bullish.Longby cecediditUpdated 1
DAX going to test a monthly tls originated in March'2000DAX is following the monthly triangle pattern now going to test the higher pattern linen(Tl) so a resistance level for the time being, it depends upon how market reacts here as it is a rising tl ( dynamic) so new and higher level every month will post possible monthly and weekly levels in the comment section by omvats1Updated 212137
2024-06-04 - a daily price action after hour update - daxGood Evening and I hope you are well. Here is my update from yesterday after hours with an update for short term, since we clearly broke outside of the channel. dax comment: Globex perfectly retested the breakout at 18630 but failed and the EU session just sold off big time to a lower low. It was a small break below the bear channel line but ultimately a bear trap and market then tested the upper channel line. Market closed at the lows and under the important price 18500. current market cycle: Trading range key levels: 18400 - 18750 bull case: Bulls see the third push down inside the bear channel as a lower high and now want a trend reversal to test back to 18700. They have not been able to make higher highs this week and that show’s weakness. The big bull trend line on the daily chart is still alive and as long as they are near the daily 20ema and the big bull trend line, they will BTFD. Next target is break above the bear channel line around 18530. Invalidation is below 18380. bear case: Bears making lower highs and lower lows. They want the market to continue to go sideways to down to break below the big bull trend line on the daily tf. 18400 is still resistance and therefore we are in an descending triangle and bears have a low chance of breaking below. They need consecutive bear bars below 18400 to strengthen their case. Invalidation is above 18640. short term: Neutral kinda. We will probably hit 18600 soon, where bears decide if it stays resistance or we test 18700 again. If it stays resistance, we could test 18400 again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: APPLIES TO YESTERDAY - Bar 13 was the first strong bear bar, then bar 22 + 24 made new lows and stayed below the 15m 20ema. Enough reasons to go short and that was good for 200+ points. My room did not catch the first leg down because I was not at my desk but the second one for 100 points.by priceactiontds0
2024-06-03 - a daily price action after hour update - daxGood Evening and I hope you are well. overall market comment Indexes could not stay at the highs and bears showed some strength by closing the gaps we left behind on Friday. SP500 and nasdaq rallied into the close on weak volume but bulls nevertheless also showed strength and for the day we mostly moved sideways. Both sides have reasonable buying/selling pressure and arguments on their side. That’s why we can expect more sideways price action. dax comment: Big Globex gap up, big down, big up, big down and then dax did not rally as hard as sp500 and nasdaq did. Market was formed a triangle on the 1h tf and we have tested Friday’s breakout price 18590. Since we are at the lower third of the range and it’s clearly trading range price action, r:r is on the bull side for at least 18700 again. So either the triangle plays out and we move more sideways or we break above for 18800 or higher. current market cycle: Trading range key levels: 18400 - 18750 bull case: Bulls see the low today as a retest and market is now free to pump again. The gap to 18655 closing price will probably be closed overnight and then bulls will probably retest 18700 or higher next. Invalidation is below 18470. bear case: Bears surprised the bulls with 2 strong legs down today. The breakout above 18720 looked decent and trapped many bulls buying high in a trading range. Bears could not touch last week’s closing price 18531, which is a sign of weakness. They closed below the daily and the 1h ema, which strengthens their case but given that it’s a clear trading range, not many bears want to sell below 18600. Invalidation is above 18750. short term: Up for 18700 and maybe higher. Play the range until clear breakout medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: Selling the double top bar 28 + 54 one tick below bar 54. Was good for 160 points. My room caught a 100+ banger to the downside. Longby priceactiontds0
DAX to find support at market price?GER40 - 24h expiry The primary trend remains bullish. Price action continues to trade around significant highs. Prices have reacted from 18381. Previous support located at 18550. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 18520 (stop at 18420) Our profit targets will be 18770 and 18850 Resistance: 18670 / 18750 / 18800 Support: 18600 / 18550 / 18500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA1
Weekly Technical AnalysisStart your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). --------------------------------------------------------- Analysis Germany 40 remains in a bullish trend and has been correcting through time rather than price, with the price decreasing slightly to 18,655, now around the VWAP of 18,656. Support and resistance levels have adjusted to 18,443 and 18,890, respectively. The RSI has decreased to 55, indicating a further moderation in sentiment compared to the previous report. A potential recession in Germany has influenced market sentiment. UK 100 remains in a bullish trend but has transitioned into a corrective phase, with the price increasing slightly to 8,343, now around the VWAP of 8,342. Support has adjusted to 8,174, while resistance has increased to 8,500. The RSI has increased slightly to 55, reflecting a slight improvement in sentiment compared to the previous report. Recent political stability in the UK has positively impacted the market. Wall Street seems to have settled into a sideways/neutral trend, with the price decreasing notably before rebounding to 38,788, below the previous VWAP of 39,247. Support and resistance levels have adjusted to 38,058 and 40,435, respectively. The RSI has decreased slightly to 46, signalling a reduction in bullish momentum compared to the previous report. Concerns over U.S. debt ceiling negotiations have weighed on the market. Brent Crude remains in a bearish trend and continues in an impulsive phase, with the price decreasing to 80.86, now below the previous VWAP of 82.47. Support has adjusted lower to 80.44, while resistance has increased to 84.50. The RSI has decreased to 37, indicating a strengthening of bearish sentiment compared to the previous report. OPEC's decision to maintain current production levels has affected prices. Gold has shifted to a neutral trend and is in a consolidation phase, with the price decreasing to 2,320, now below the previous VWAP of 2,364. Support has adjusted higher to 2,433, while resistance has decreased to 2,294. The RSI has decreased significantly to 43, indicating a weakening of bullish sentiment compared to the previous report. Market uncertainty regarding interest rates has influenced gold prices. EUR/USD remains in a bullish trend but has moved into a corrective phase, with the price slightly decreasing to 1.0852, now around the VWAP of 1.0840. Support has adjusted lower to 1.0780, while resistance has increased to 1.0900. The RSI has decreased to 56, indicating a slight moderation in bullish pressure compared to the previous report. Eurozone economic data showing weaker growth has impacted the pair. GBP/USD remains in a bullish trend and continues in an impulsive phase, with the price slightly decreasing to 1.2738, now above the previous VWAP of 1.2690. Support has adjusted higher to 1.2558, and resistance has decreased to 1.2822. The RSI has decreased slightly to 61, indicating a moderation of bullish sentiment compared to the previous report. Bank of England's comments on inflation have affected the pair. USD/JPY remains in a bullish trend and continues in an impulsive phase, with the price increasing to 157.41, now above the previous VWAP of 156.41. Support has adjusted higher to 154.83, while resistance has increased to 157.99. The RSI has increased to 60, reflecting a strengthening of bullish sentiment compared to the previous report. The yen's weakness amid BoJ's dovish stance has driven the pair higher. by Spreadex0
New month. New BeginningsOn both charts we can see that at the end of May, volume began to decrease and prices seems to be moving sideways and holding. Non farm payroll on Friday will be closey watched and may have the charts find direction as they will use the results to gauge the direction of interest rates. The results are expected to be good but investor worry that a strong economy may prevent the interest rates from lowering. I wil lkeep on te stance that good results will provide positive movements until I am shown other wiseby S0202Trades0
GER30 Weekly Idea 5.28.24My Usual Setup that I didn't publish... still has some interesting levels to play out. by MsLionhill0
$DAX40 is reversing downTVC:DEU40 is close to confirm a top and a break below 18450 will confirm that 04:15by ewaction0
GER30 SETUP GER30 expected move today or tomorrow but we expect it to bounce on our OB the we executed uor tradesLongby GoldenB551