Dax daily: 10 Feb 2020

Friday's session showed us the importance of order volumes as these are very helpful hints, especially for Dax. Take a look at how the 13 461 worked as the S/R zone. The price slowly approached there and stalled there to close the week too.

Important zones

  • Resistance: 13 627, 13 562
  • Support: 13 461

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability for closing the previous session high is as low as 13%

Macroeconomic releases

  • NIL

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Today's session hypothesis

Dax opens the week with a small ascending gap and we're looking at a possible scenario to retest 13 461. The statistical chances incline to break High or Low with even increased chance this might happen in the early session hours. On the other hand, the information we could work with is the small chance to break above Friday's high so we favour the hypothesis to look south, expecting the breakout of the Low and heading towards 13 386.

 

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