Dax daily: 15 Aug 2019

Our market analysis didn't go well yesterday. We've had clues for the uptrend continuation and breaking of Tuesday's high. Instead of that, Dax gave us the complete opposite and formed a big daily sell-off. Today we open with an ascending gap.

Important zones

  • Resistance:  11 899, 11 29
  • Support: NIL

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability for breaking yesterday's low is 96%

Macroeconomic releases

  • NIL

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Today's session hypothesis

We anticipate the bullish correction until yesterday's mid-range. The resistance level of 11 629 or even lower could be a good zone for sellers to target yesterday's low, which has a really high statistical probability. Even though we have such a powerful hint for today's price direction, it is important to remember that markets might always behave erratically and the statistic might not be fulfilled.

 

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