MICRO DAX FULL0925 - 1H - Technical analysis published on 06/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 13,209.00 EUR
My targets
13,095.33 EUR (-0.45%)
12,655.00 EUR (-3.80%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 13,209.00 EUR remains possible. It is advisable to trade MICRO DAX FULL0922 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 13,209.00 EUR. The next bearish objective for sellers is set at 13,095.33 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,655.00 EUR. In case of crossing, the next objective would be the support located at 11,366.70 EUR. PS: if there is a bullish break in the resistance located at 13,209.00 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO DAX FULL0922 rating is 13,155.00 EUR. On the day, this instrument gained +0.89% and was traded between 12,979.00 EUR and 13,164.00 EUR over the period. The price is currently at +1.36% from its lowest and -0.07% from its highest.12,979.00
13,164.00
13,155.00
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MICRO DAX FULL0922 indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,236.70 | 11,366.70 | 12,655.00 | 13,155.00 | 13,209.00 | 13,600.00 | 14,120.00 |
| Change (%) | -22.18% | -13.59% | -3.80% | - | +0.41% | +3.38% | +7.34% |
| Change | -2,918.30 | -1,788.30 | -500.00 | - | +54.00 | +445.00 | +965.00 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,025.67 | 12,470.33 | 12,754.67 | 13,199.33 | 13,483.67 | 13,928.33 | 14,212.67 |
| Camarilla | 12,838.53 | 12,905.35 | 12,972.18 | 13,039.00 | 13,105.83 | 13,172.65 | 13,239.48 |
| Woodie | 11,945.50 | 12,430.25 | 12,674.50 | 13,159.25 | 13,403.50 | 13,888.25 | 14,132.50 |
| Fibonacci | 12,470.33 | 12,748.81 | 12,920.86 | 13,199.33 | 13,477.81 | 13,649.86 | 13,928.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,452.67 | 13,095.33 | 13,422.67 | 14,065.33 | 14,392.67 | 15,035.33 | 15,362.67 |
| Camarilla | 13,483.25 | 13,572.17 | 13,661.08 | 13,750.00 | 13,838.92 | 13,927.83 | 14,016.75 |
| Woodie | 12,295.00 | 13,016.50 | 13,265.00 | 13,986.50 | 14,235.00 | 14,956.50 | 15,205.00 |
| Fibonacci | 13,095.33 | 13,465.87 | 13,694.79 | 14,065.33 | 14,435.87 | 14,664.79 | 15,035.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,273.33 | 12,775.67 | 13,595.33 | 14,097.67 | 14,917.33 | 15,419.67 | 16,239.33 |
| Camarilla | 14,051.45 | 14,172.63 | 14,293.82 | 14,415.00 | 14,536.18 | 14,657.37 | 14,778.55 |
| Woodie | 12,432.00 | 12,855.00 | 13,754.00 | 14,177.00 | 15,076.00 | 15,499.00 | 16,398.00 |
| Fibonacci | 12,775.67 | 13,280.67 | 13,592.66 | 14,097.67 | 14,602.67 | 14,914.66 | 15,419.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.18 | |
| MACD (12,26,9): | -73.1000 | |
| Directional Movement: | -6.93 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 13,016.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,950.79 | |
| Elder Ray (13): | 50.35 | |
| Super Trend (3,10): | 13,209.89 | |
| Zig ZAG (10): | 13,143.00 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 90.67 | |
| TEMA (21): | 13,011.24 | |
| Williams %R (14): | -0.87 | |
| Chande Momentum Oscillator (20): | 83.00 | |
| Repulse (5,40,3): | 0.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 1.12 |
| MA7: | 13,478.71 | |
| MA20: | 14,067.20 | |
| MA50: | 14,013.94 | |
| MA100: | 14,290.31 | |
| MAexp7: | 13,085.77 | |
| MAexp20: | 13,123.87 | |
| MAexp50: | 13,269.85 | |
| MAexp100: | 13,476.71 | |
| Price / MA7: | -2.40% | |
| Price / MA20: | -6.48% | |
| Price / MA50: | -6.13% | |
| Price / MA100: | -7.94% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -2.39% |
Quotes :
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15 min delayed data
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EUREX Futures Micro
This member declared not having a position on this financial instrument or a related financial instrument.
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