FDAX: technical analysis
13 August 2018, 11:39
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 12361.0 |
| Take Profit | 12465.0, 12495.0 |
| Stop Loss | 12280.0 |
| Key Levels | 11920.0, 12110.0, 12280.0, 12465.0, 12495.0, 12660.0 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 12110.0 |
| Take Profit | 11920.0 |
| Stop Loss | 12220.0 |
| Key Levels | 11920.0, 12110.0, 12280.0, 12465.0, 12495.0, 12660.0 |
FDAX, D1
On the daily chart, the instrument is trading below the lower line of the Bollinger Bands. The price remains below its moving averages that are horizontal. The RSI is approaching the border of the oversold zone, having broken down its longer MA. The Composite is showing similar dynamics.
FDAX, H4
On the 4-hour chart, the instrument is trading on the lower line of the Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is trying to turn up, having entered the oversold zone. The Composite begins forming a Bullish divergence with the price.
Key levels
Support levels: 12280.0 (local lows), 12110.0 (June lows), 11920.0 (August 2017 lows).
Resistance levels: 12465.0 (March highs), 12495.0 (local highs), 12660.0 (local highs).
Trading tips
The price is approaching its long-term ascending trendline. There is a chance of an upward rebound.
Long positions can be opened from current prices with targets at 12465.0, 12495.0 and stop-loss at 12280.0. Validity – 3-5 days.
Short positions can be opened from the level of 12110.0 with the target at 11920.0 and stop-loss at 12220.0. Validity – 3-5 days.
On the daily chart, the instrument is trading below the lower line of the Bollinger Bands. The price remains below its moving averages that are horizontal. The RSI is approaching the border of the oversold zone, having broken down its longer MA. The Composite is showing similar dynamics.
FDAX, H4
On the 4-hour chart, the instrument is trading on the lower line of the Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is trying to turn up, having entered the oversold zone. The Composite begins forming a Bullish divergence with the price.
Key levels
Support levels: 12280.0 (local lows), 12110.0 (June lows), 11920.0 (August 2017 lows).
Resistance levels: 12465.0 (March highs), 12495.0 (local highs), 12660.0 (local highs).
Trading tips
The price is approaching its long-term ascending trendline. There is a chance of an upward rebound.
Long positions can be opened from current prices with targets at 12465.0, 12495.0 and stop-loss at 12280.0. Validity – 3-5 days.
Short positions can be opened from the level of 12110.0 with the target at 11920.0 and stop-loss at 12220.0. Validity – 3-5 days.
No comments:
Write comments