Dax daily: 10 Jan 2020

Thursday's session continued in the bullish fashion just as we highlighted. The long sentiment stalled up at 13 522 which is also the resistance level we mentioned in our analysis yesterday. Sometimes the predictions turn absolutely spot-on 🙂

Important zones

  • Resistance:  13 462, 13 522
  • Support: 13 235

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability of closing the gap is 86%
  • The statistical probability of breaking yesterday's low is very narrow

Macroeconomic releases

  • 14:30 CET - USA - Non-Farm Payrolls, Unemployment Rate & Wages

Can you pass our Trading Objectives to receive money for Forex trading? Try our Free Trial to get started.

Today's session hypothesis

Today's session opened with a small gap and with a reasonably high probability of being closed. Besides this hint, we can take further clues from the Statistical application which suggests a low statistical chance for breaking the low of yesterday's session. These are great pieces of information based on which we can stand our estimations. We expect Dax to descend to yesterday's zone and close the gap, but we don't favour further sell-offs. Everything can change today due to the NFP release later on so we advise all to be on the look.

 

Why to trade DAX on CFDs? Check out this article about the benefits and disadvantages of this topic.