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Dax40

Will DAX turnaround today?DE30EUR - 24h expiry We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A Doji style candle has been posted from the base. A break of the recent high at 14920 should result in a further move higher. The primary trend remains bullish. We look to Buy a break of 14922 (stop at 14822) Our profit targets will be 15172 and 15232 Resistance: 14920 / 15000 / 15100 Support: 14780 / 14700 / 14600 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.
OANDA:DE30EURLong
by OANDA
DAX continues in the downward move.DE30EUR - 24h expiry Our short-term bias remains negative. There is no clear indication that the downward move is coming to an end. 15100 has been pivotal. Bespoke resistance is located at 15100. The preferred trade is to sell into rallies. 20 4-hour EMA is at 15080. We look to Sell at 15098 (stop at 15198) Our profit targets will be 14848 and 14788 Resistance: 14981 / 15100 / 15200 Support: 14916 / 14800 / 14700 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.
OANDA:DE30EURShort
by OANDA
NAS100 TRADE IDEANasdaq 100 began the trading week with strong sell candles and eventually enters a bullish trend at the open of the New York trading session yesterday. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Nasdaq 100 closed slightly Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside before or after the open of the NY trade session.
OANDA:NAS100USDLong
by Benjamiinace
DAX Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe) The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside as a wave ((v)). For investors (higher timeframe): In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
OANDA:DE30EUR
by AndyCuckoo