Dax daily: 27 Sep 2019

Yet again, yesterday's analysis turned out as expected. We first found some buyers and closed the gap. There were no sellers at the resistance zone of 12 245 and therefore we were waiting for another level at 12 321 which was eventually retested later in the session. The price closed at the resistance level of 12 321.

Important zones

  • Resistance:  12 390
  • Support: 12 256, 12 289

Statistics for today

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

Macroeconomic releases

  • NIL

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Today's session hypothesis

For the last day of the week, we have a high statistical probability of 83% to break yesterday's high. Buyers are likely to show up around 12 289 and 12 256. Between these zones, it is probable to see some price action slowdown and a chop.

 

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