FDAX: technical analysis
06 February 2019, 12:19
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 11389.0 |
| Take Profit | 11470.0, 11569.0 |
| Stop Loss | 11312.00 |
| Key Levels | 11045.0, 11097.0, 11160.0, 11279.0, 11312.0, 11389.0, 11470.0, 11569.0, 11659.0 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 11240.0 |
| Take Profit | 11160.0 |
| Stop Loss | 11279.0 |
| Key Levels | 11045.0, 11097.0, 11160.0, 11279.0, 11312.0, 11389.0, 11470.0, 11569.0, 11659.0 |
FDAX, D1
On the daily chart, the upward trend is still relevant; the instrument is trading near the upper border of Bollinger bands. MACD is in the positive area, the signal line crosses the body of the histogram upwards, forming a confident signal to open long positions. Stochastic is in the neutral zone and moves horizontally along the border with the overbought zone.
FDAX, H4
On the 4-hour chart, an upward movement is being corrected, the instrument is trading between the middle line and the upper border of Bollinger bands, the price range is widened, which indicates a likely resumption of growth. MACD histogram is in the positive area, forming a strong signal to open buy orders. Stochastic crosses the overbought zone downwards, forming a signal to open short positions.
Key levels
Resistance levels: 11389.0, 11470.0, 11569.0, 11659.0.
Support levels: 11312.0, 11279.0, 11160.0, 11097.0, 11045.0.
Trading tips
Long positions can be opened from the level of 11389.0 with the targets at 11470.0, 11569.0 and stop loss 11312.00.
Short positions can be opened from the level of 11240.0 with the target at 11160.0. Stop loss is 11279.0.
Implementation period: 1–3 days.
On the daily chart, the upward trend is still relevant; the instrument is trading near the upper border of Bollinger bands. MACD is in the positive area, the signal line crosses the body of the histogram upwards, forming a confident signal to open long positions. Stochastic is in the neutral zone and moves horizontally along the border with the overbought zone.
FDAX, H4
On the 4-hour chart, an upward movement is being corrected, the instrument is trading between the middle line and the upper border of Bollinger bands, the price range is widened, which indicates a likely resumption of growth. MACD histogram is in the positive area, forming a strong signal to open buy orders. Stochastic crosses the overbought zone downwards, forming a signal to open short positions.
Key levels
Resistance levels: 11389.0, 11470.0, 11569.0, 11659.0.
Support levels: 11312.0, 11279.0, 11160.0, 11097.0, 11045.0.
Trading tips
Long positions can be opened from the level of 11389.0 with the targets at 11470.0, 11569.0 and stop loss 11312.00.
Short positions can be opened from the level of 11240.0 with the target at 11160.0. Stop loss is 11279.0.
Implementation period: 1–3 days.
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