DAILY MAR'19 DAX - Friday's trade idea and technicals
Mar'19 Contract – Although signals identified Tuesday’s strong rally to a fresh 2019 high at 11385.0, Wednesday’s indecision and divergence on momentum indicators switched yesterday’s signals to negative. These too were confirmed with a strong over 300 Pt bearish reversal, a sell-off which has ended a developing trend of higher weekly lows. This is negative, but with intraday signals oversold the outlook for Friday is to sell just modestly on the open and then at 11070.0 with a stop loss at 11168.5, Tuesday’s low. Targets are to 10960.0, the 18th Jan low, 10827.0, a 50% pullback to the Dec-Feb gains and 10695.0, a deeper 62% correction.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.