FDAX: technical analysis
14 January 2019, 10:15
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 10824.1 |
| Take Profit | 10650.0, 10430.0, 10390.0 |
| Stop Loss | 11000.0 |
| Key Levels | 10390.0, 10430.0, 10650.0, 11040.0, 11215.0, 11320.0 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 11040.0 |
| Take Profit | 11215.0, 11320.0 |
| Stop Loss | 10920.0 |
| Key Levels | 10390.0, 10430.0, 10650.0, 11040.0, 11215.0, 11320.0 |
FDAX, D1
On the daily chart, the instrument is trading in the upper Bollinger band. The price remains below the EMA65, EMA130 and SMA200 that are directed down. The RSI is testing its strong resistance region. The Composite is testing its strong resistance as well.
FDAX, H4
On the 4-hour chart, the instrument is trading on the lower line of the Bollinger Bands. The price remains on the level with its moving averages that are horizontal. The RSI is falling, having formed a Bearish divergence with the price. The Composite is showing similar dynamics.
Key levels
Support levels: 10650.0 (local lows), 10430.0 (local lows), 10390.0 (local lows).
Resistance levels: 11040.0 (October 2018 lows), 11215.0 (local highs), 11320.0 (local highs).
Trading tips
The fall is likely to continue.
Short positions can be opened from current prices with targets at 10650.0, 10430.0, 10390.0 and stop-loss at 11000.0. Validity – 3-5 days.
Long positions can be opened from the level of 11040.0 with targets at 11215.0, 11320.0 and stop-loss at 10920.0. Validity – 3-5 days.
On the daily chart, the instrument is trading in the upper Bollinger band. The price remains below the EMA65, EMA130 and SMA200 that are directed down. The RSI is testing its strong resistance region. The Composite is testing its strong resistance as well.
FDAX, H4
On the 4-hour chart, the instrument is trading on the lower line of the Bollinger Bands. The price remains on the level with its moving averages that are horizontal. The RSI is falling, having formed a Bearish divergence with the price. The Composite is showing similar dynamics.
Key levels
Support levels: 10650.0 (local lows), 10430.0 (local lows), 10390.0 (local lows).
Resistance levels: 11040.0 (October 2018 lows), 11215.0 (local highs), 11320.0 (local highs).
Trading tips
The fall is likely to continue.
Short positions can be opened from current prices with targets at 10650.0, 10430.0, 10390.0 and stop-loss at 11000.0. Validity – 3-5 days.
Long positions can be opened from the level of 11040.0 with targets at 11215.0, 11320.0 and stop-loss at 10920.0. Validity – 3-5 days.
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