FDAX: technical analysis
19 July 2019, 10:55
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 12450.0 |
| Take Profit | 12660.0, 12850.0 |
| Stop Loss | 12290.0 |
| Key Levels | 11700.0, 11800.0, 12050.0, 12450.0, 12660.0, 12850.0 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 12050.0 |
| Take Profit | 11800.0, 11700.0 |
| Stop Loss | 12200.0 |
| Key Levels | 11700.0, 11800.0, 12050.0, 12450.0, 12660.0, 12850.0 |
FDAX, H4
On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains on the level with the SMA200 and slightly below the EMA14, EMA65 and EMA130 that start turning down. The RSI is breaking out its longer MA. The Composite is showing similar dynamics.
FDAX, D1
On the daily chart, the instrument is trading in the lower Bollinger band. The price remains above its moving averages that are directed up. The RSI is falling, having broken down its longer MA. The Composite starts forming a Bullish divergence with the price.
Key levels
Support levels: 12050.0 (local lows), 11800.0 (local lows), 11700.0 (March 2018 lows).
Resistance levels: 12450.0 (May highs), 12660.0 (local highs), 12850.0 (July 2018 highs).
Trading tips
The price is approaching its ascending trendline. The growth could resume.
Long positions can be opened from the level of 12450.0 with targets at 12660.0, 12850.0 and stop-loss at 12290.0. Validity – 3-5 days.
Short positions can be opened from the level of 12050.0 with targets at 11800.0, 11700.0 and stop-loss at 12200.0. Validity – 3-5 days.
On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains on the level with the SMA200 and slightly below the EMA14, EMA65 and EMA130 that start turning down. The RSI is breaking out its longer MA. The Composite is showing similar dynamics.
FDAX, D1
On the daily chart, the instrument is trading in the lower Bollinger band. The price remains above its moving averages that are directed up. The RSI is falling, having broken down its longer MA. The Composite starts forming a Bullish divergence with the price.
Key levels
Support levels: 12050.0 (local lows), 11800.0 (local lows), 11700.0 (March 2018 lows).
Resistance levels: 12450.0 (May highs), 12660.0 (local highs), 12850.0 (July 2018 highs).
Trading tips
The price is approaching its ascending trendline. The growth could resume.
Long positions can be opened from the level of 12450.0 with targets at 12660.0, 12850.0 and stop-loss at 12290.0. Validity – 3-5 days.
Short positions can be opened from the level of 12050.0 with targets at 11800.0, 11700.0 and stop-loss at 12200.0. Validity – 3-5 days.
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