Dax daily: 06 Mar 2019

Yesterday’s session offered good trading opportunities both for bulls and bears. Dax headed upwards right after the open and the first resistance had no effect. Another resistance at 11 618 worked well and we anticipated the price to reverse deeper to break Monday’s low. This didn’t happen as the price fall was stopped by buyers […]

Dax daily: 05 Mar 2019

Yesterday’s session turned out exactly as expected. After the gap was closed and there were no buyers at 11 625, the price sliced nicely through Friday’s low. The sellers were aggressive enough and took the price lower to 11 521 where the intraday low was formed and this is also where buyers took over. The […]

Dax daily: 04 Mar 2019

Friday’s session hasn’t offered anything interesting. Right after the open, DAX sharply rose upwards just to consolidate and erase all the gains later on. At the end of the session, DAX closed approximately halfway in its daily range. Today the price opens with an ascending gap. Important zones Resistance: NIL Support: 11 550, 11 521, […]

Dax daily: 01 Mar 2019

We welcome all traders to the last DAX analysis of the week and the first one of the new month. The price started yesterday’s session descending towards the support at 11 386, but hasn’t reached there by a small margin. There were sellers reacting on both mentioned resistance zones, however, there was no significant short momentum. […]

Dax daily: 28 Feb 2019

Yesterday’s session didn’t go as expected at all. The support zone at 11 466 wasn’t attractive for buyers and Tuesday’s high that we aimed wasn’t broken as well. Today, the session opens with a descending gap and Dax is now heading sharply downwards. Important zones Resistance: 11 530, 11 485 Support: 11 386, 11 342 […]