FDAX: technical analysis
25 May 2018, 12:06
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 12795.0 |
| Take Profit | 12645.0 |
| Stop Loss | 12850.0 |
| Key Levels | 12645.0, 12795.0, 12850.0, 13050.0, 13175.0, 13335.0 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 13050.0 |
| Take Profit | 13175.0, 13335.0 |
| Stop Loss | 12965.0 |
| Key Levels | 12645.0, 12795.0, 12850.0, 13050.0, 13175.0, 13335.0 |
FDAX, D1
On the daily chart, the instrument is trading on the middle MA of the Bollinger Bands. The price remains above the EMA65, EMA130 and SMA200 that start turning up. The RSI is falling, having broken down its longer MA. The Composite is falling as well, having formed a Bearish divergence with the price.
FDAX, H4
On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains below the EMA14, EMA65 that start turning down and above the EMA130, SMA200 that are horizontal. The RSI is about to retest the border of the oversold zone. The Composite is growing, having formed a Bullish divergence with the price.
Key levels
Support levels: 12850.0 (local lows), 12795.0 (local lows), 12645.0 (April highs).
Resistance levels: 13050.0 (local highs), 13175.0 (local highs), 13335.0 (December 2017 highs).
Trading tips
The price is testing a strong support near 12800.0. Its breakdown would allow the fall to continue.
Short positions can be opened from the level of 12795.0 with the target at 12645.0 and stop-loss at 12850.0. Validity – 3-5 days.
Long positions can be opened from the level of 13050.0 with targets at 13175.0, 13335.0 and stop-loss at 12965.0. Validity – 3-5 days.
On the daily chart, the instrument is trading on the middle MA of the Bollinger Bands. The price remains above the EMA65, EMA130 and SMA200 that start turning up. The RSI is falling, having broken down its longer MA. The Composite is falling as well, having formed a Bearish divergence with the price.
FDAX, H4
On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains below the EMA14, EMA65 that start turning down and above the EMA130, SMA200 that are horizontal. The RSI is about to retest the border of the oversold zone. The Composite is growing, having formed a Bullish divergence with the price.
Key levels
Support levels: 12850.0 (local lows), 12795.0 (local lows), 12645.0 (April highs).
Resistance levels: 13050.0 (local highs), 13175.0 (local highs), 13335.0 (December 2017 highs).
Trading tips
The price is testing a strong support near 12800.0. Its breakdown would allow the fall to continue.
Short positions can be opened from the level of 12795.0 with the target at 12645.0 and stop-loss at 12850.0. Validity – 3-5 days.
Long positions can be opened from the level of 13050.0 with targets at 13175.0, 13335.0 and stop-loss at 12965.0. Validity – 3-5 days.
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