Dax daily: 22 Nov 2019

Yesterday's session started positively for sellers, yet at the end of the session, the scenario turned around. After the consolidation zone breakout, there were no expected sell-outs. After a few initial hours, buyers took Dax higher above 13 130, back into the safety of the range.

Important zones

  • Resistance:  13 207, 13 297
  • Support: 13 000, 13 130

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability of breaking yesterday's high is 83%

Macroeconomic releases

  • 09:15 - 10:00 CET - Eurozone PMIs

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Today's session hypothesis

For today, we can take advantage of a very powerful statistical probability. The clue suggests breaking yesterday's session high as this scenario had an 83% success in the past. Another hint for this hypothesis is the fact that sellers weren't strong enough to break lower yesterday and bulls took the price back into the range. We aim to target the balanced price at 13 207.

 

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