We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday: Today's price opens at yesterday's resistance zone and with a big ascending gap. Important zones Resistance: 12 380 Support: 12 234 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session […]
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Entries by Pavel Dušek
Yesterday's session was exemplary from the price action point of view. The descending trend line functioned as a resistance and the price bounced off that level. Bears were aggressive enough to create a strong momentum, pushing Dax lower till the session end. This strongly negative day was closed at 12 294. Important zones Resistance: 12 […]
Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day […]
Friday's price action ended prematurely, soon after the session opened and Dax fell by some 80 points. Following was a sideway movement and closing in the middle of the intra-day range. Today we open with an ascending gap which might soon be closed. Important zones Resistance: NIL Support: 12 277 Statistics for today Detailed statistics […]
This is the last analysis of the week. As expected, Dax initially declined yesterday and closed the gap. Buyers entered at our support but didn't last long. After some 35 points, buyers were overpowered by sellers again. Following was a retest of 12 328 level which was broken out by some 16 points before buyers […]