Mon, Mar 01, 2021 @ 12:59 GMT
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A Wild Week of Metals, Yields, Stocks and Dollar

Just after DOW hit new record high in the middle of last week, the rally was choked by skyrocketing treasury yields. Dollar surprisingly ended as the strongest one for the week, followed by Euro and then Sterling. Australian Dollar suffered most as it reversed some of the month's gains....

Elliott Wave View: Pullback In DAX Should Find Buyers

Short term Elliott Wave view on DAX suggests that the decline to 13309.4 ended wave ((4)). The Index has resumed higher in wave ((5)) with internal subdivision as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low, wave ((i)) ended at 13698.54 and wave ((ii)) pullback...

USD Remains Under Pressure Ahead Of Public Holidays For US And China

Bears returned to keep USD under pressure of the 3-day weekend in the US and China. Japan's GDP data kicks of today's otherwise quiet session. Bears returned to keep USD under pressure last week ahead of the 3-day weekend in the US. The US dollar index (DXY) fell further away...

DAX Is Extremely Bullish But Close To Monthly Resistance

DAX is very strong and its in uptrend without big retracements. However, it is getting close to monthly resistance. M H5 camarilla resistance is important for the next decision where the price will go. 14170- 14250 is the zone where rejections might happen and where sellers or profit taking might...

DAX Sellers Are Rallying To Pull The Price Lower

The DAX is going up but it is close to the POC zone, and we can expect a drop. The price is in the zone so a bearish candlestick configuration might be a sign. A bearish candlestick configuration might be a sign that the market is starting to move down....

DAX Outlook: DAX Dips Further On Deflated Risk Sentiment

The index holds firmly in red for the second straight day and extends 2.45% drop of the previous day (the biggest one-day fall since Oct 28). Concerns of high valuations of stocks and growing worries about a rise in more contagious variants of coronavirus, soured risk sentiment and pushed stocks...

DAX Selling Could Start Soon

The DAX is bullish intraday, but it is getting close to a level where we could sell it. Might soon hit the POC zone and drop towards support. 13875-13911 is the zone we use for selling. If the market makes a rejection off the zone we should see lower levels...

Risk Sentiment Lifts DAX For Renewed Probe Through 14000 Barrier

Dax index extends gains on Thursday as hopes of a large stimulus plan under new President boost risk sentiment, but traders focus the European Central Bank’s meeting today for more information about the eurozone’s economic health. Fresh strength pressures psychological 14000 barrier after the index briefly broke above in past...

Dollar Relatively Resilient in Strong Risk-on Market, Setting the Base for a Rebound?

Global investors were all in risk seeking mode in the first full week of 2021. That came despite all the headlines of surges in coronavirus infection and death, return to strict lockdowns, chaos in Washington and Joe Biden's certification as US President-Elect. Dollar didn't perform too well but there...

DAX: Consolidation In Place

Pivot (invalidation): 13920.00 Our preference Short positions below 13920.00 with targets at 13710.00 & 13580.00 in extension. Alternative scenario Above 13920.00 look for further upside with 14000.00 & 14110.00 as targets. Comment The RSI advocates for further decline.

DAX: Expect 14000.00

Pivot (invalidation): 13690.00 Our preference Long positions above 13690.00 with targets at 13890.00 & 14000.00 in extension. Alternative scenario Below 13690.00 look for further downside with 13585.00 & 13450.00 as targets. Comment The RSI shows upside momentum.  

Elliott Wave View: DAX Starts A New Bullish Cycle

Rally from November 30 low in DAX ended at 13774.45 as an impulse Elliott Wave structure. This 5 waves rally completed wave (1) in Intermediate degree. Pullback in wave (2) has also ended at 13061.40. Index has since resumed higher in wave (3) . It broke above wave (1)...

DAX: Range

Pivot (invalidation): 13450.00 Our preference Short positions below 13450.00 with targets at 13310.00 & 13230.00 in extension. Alternative scenario Above 13450.00 look for further upside with 13540.00 & 13630.00 as targets. Comment The index currently faces a challenging resistance area at 13450.00.  

Dax Gap Is Still There But It Should Be Closed

DAX shows a gap but the price has been trying to recover. The gap might close today. If the gap is closed we should see another potential drop. The POC zone sits exactly at the 88.6 and we can also spot historical sellers. It is close to W H3/ D...

DAX: The Downside Prevails

Pivot (invalidation): 13310.00 Our preference Short positions below 13310.00 with targets at 13060.00 & 13000.00 in extension. Alternative scenario Above 13310.00 look for further upside with 13400.00 & 13490.00 as targets. Comment As Long as 13310.00 is resistance, likely decline to 13060.00.

DAX: Towards 13500.00

Pivot (invalidation): 13725.00 Our preference Short positions below 13725.00 with targets at 13560.00 & 13500.00 in extension. Alternative scenario Above 13725.00 look for further upside with 13795.00 & 13870.00 as targets. Comment As Long as 13725.00 is resistance, likely decline to 13560.00.

DAX: The Bias Remains Bullish

Pivot (invalidation): 13640.00 Our preference Long positions above 13640.00 with targets at 13730.00 & 13795.00 in extension. Alternative scenario Below 13640.00 look for further downside with 13560.00 & 13520.00 as targets. Comment Investors have to remain cautious since these levels may trigger profit taking.

DAX: The Bias Remains Bullish

Pivot (invalidation): 13499.00 Our preference Long positions above 13499.00 with targets at 13596.00 & 13680.00 in extension. Alternative scenario Below 13499.00 look for further downside with 13360.00 & 13280.00 as targets. Comment Investors have to remain cautious since these levels may trigger profit taking.

DAX: Turning Up

Pivot (invalidation): 13280.00 Our preference Long positions above 13280.00 with targets at 13420.00 & 13460.00 in extension. Alternative scenario Below 13280.00 look for further downside with 13210.00 & 13120.00 as targets. Comment The RSI calls for a new upleg.

DAX: Key Resistance At 13290.00

Pivot (invalidation): 13290.00 Our preference Short positions below 13290.00 with targets at 13190.00 & 13110.00 in extension. Alternative scenario Above 13290.00 look for further upside with 13380.00 & 13460.00 as targets. Comment The index currently faces a challenging resistance area at 13290.00.

DAX: Rebound

Pivot (invalidation): 13080.00 Our preference Long positions above 13080.00 with targets at 13210.00 & 13265.00 in extension. Alternative scenario Below 13080.00 look for further downside with 13000.00 & 12910.00 as targets. Comment The RSI calls for a bounce.

DAX: Rebound In Sight

Pivot (invalidation): 13210.00 Our preference Long positions above 13210.00 with targets at 13370.00 & 13410.00 in extension. Alternative scenario Below 13210.00 look for further downside with 13163.00 & 13110.00 as targets. Comment A support base at 13210.00 has formed and has allowed for a temporary stabilisation.

DAX: Intraday Support Around 13328.00

Pivot (invalidation): 13328.00 Our preference Long positions above 13328.00 with targets at 13460.00 & 13490.00 in extension. Alternative scenario Below 13328.00 look for further downside with 13280.00 & 13230.00 as targets. Comment The RSI is mixed. The index price faces a challenging resistance at 13460.

Dax 30 Bullish Chart Pattern Aims At Fib Targets

German stock index DAX 30 has broken above the 21 ema zone again. This occurred after price bounced strongly at the 50% Fibonacci support level. The DAX 30 seems to have completed an ABC (pink) pattern within the wave 4 (blue) at the 50% Fibonacci level. The final push above the...

DAX: Limited Upside

Pivot (invalidation): 13199.00 Our preference Long positions above 13199.00 with targets at 13360.00 & 13400.00 in extension. Alternative scenario Below 13199.00 look for further downside with 13160.00 & 13130.00 as targets. Comment A support base at 13199.00 has formed and has allowed for a temporary stabilisation.

DAX: Rebound In Sight

Pivot (invalidation): 13220.00 Our preference Long positions above 13220.00 with targets at 13310.00 & 13350.00 in extension. Alternative scenario Below 13220.00 look for further downside with 13190.00 & 13160.00 as targets. Comment The RSI lacks downward momentum.

DAX: Continuation Of The Rebound

Pivot (invalidation): 13260.00 Our preference Long positions above 13260.00 with targets at 13310.00 & 13350.00 in extension. Alternative scenario Below 13260.00 look for further downside with 13225.00 & 13170.00 as targets. Comment The break above 13260.00 is a positive signal that has opened a path to 13310.00.

DAX: Target 13170.00

Pivot (invalidation): 13310.00 Our preference Short positions below 13310.00 with targets at 13220.00 & 13170.00 in extension. Alternative scenario Above 13310.00 look for further upside with 13350.00 & 13380.00 as targets. Comment Technically the RSI is below its neutrality area at 50.

DAX: Bullish Bias Above 13270.00

Pivot (invalidation): 13270.00 Our preference Long positions above 13270.00 with targets at 13380.00 & 13440.00 in extension. Alternative scenario Below 13270.00 look for further downside with 13230.00 & 13170.00 as targets. Comment A support base at 13270.00 has formed and has allowed for a temporary stabilisation.

German DAX In A Bull Trend

Dax made a bounce from the 11322 level, where a bigger A-B-C move had found a low. Impulsive recovery which unfolded is an indication that a bigger, five-wave, bullish cycle can be unraveling on the dax, however we still need to be aware of temporary pullbacks along the way. At...