DAX40 FULL0624 - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 12,654.10 EUR
My targets
12,833.00 EUR (+0.98%)
12,918.50 EUR (+1.65%)
My analysis
The bullish trend is currently very strong on DAX30 FULL0920. As long as the price remains above the support at 12,654.10 EUR, you could try to benefit from the boom. The first bullish objective is located at 12,833.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,918.50 EUR as an objective. Crossing it would then enable buyers to target 13,563.00 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 FULL0920 rating is 12,709.00 EUR. The price has increased by +0.72% since the last closing and was traded between 12,671.00 EUR and 12,865.00 EUR over the period. The price is currently at +0.30% from its lowest and -1.21% from its highest.12,671.00
12,865.00
12,709.00
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this DAX30 FULL0920 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,171.50 | 12,422.00 | 12,654.10 | 12,709.00 | 12,833.00 | 12,918.50 | 13,563.00 |
| Change (%) | -4.23% | -2.26% | -0.43% | - | +0.98% | +1.65% | +6.72% |
| Change | -537.50 | -287.00 | -54.90 | - | +124.00 | +209.50 | +854.00 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,166.17 | 12,275.33 | 12,487.67 | 12,596.83 | 12,809.17 | 12,918.33 | 13,130.67 |
| Camarilla | 12,611.59 | 12,641.06 | 12,670.53 | 12,700.00 | 12,729.47 | 12,758.94 | 12,788.41 |
| Woodie | 12,217.75 | 12,301.13 | 12,539.25 | 12,622.63 | 12,860.75 | 12,944.13 | 13,182.25 |
| Fibonacci | 12,275.33 | 12,398.15 | 12,474.02 | 12,596.83 | 12,719.65 | 12,795.52 | 12,918.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,996.83 | 12,190.67 | 12,445.33 | 12,639.17 | 12,893.83 | 13,087.67 | 13,342.33 |
| Camarilla | 12,576.66 | 12,617.78 | 12,658.89 | 12,700.00 | 12,741.11 | 12,782.23 | 12,823.34 |
| Woodie | 12,027.25 | 12,205.88 | 12,475.75 | 12,654.38 | 12,924.25 | 13,102.88 | 13,372.75 |
| Fibonacci | 12,190.67 | 12,361.99 | 12,467.84 | 12,639.17 | 12,810.49 | 12,916.34 | 13,087.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,282.17 | 10,927.33 | 11,629.17 | 12,274.33 | 12,976.17 | 13,621.33 | 14,323.17 |
| Camarilla | 11,960.58 | 12,084.05 | 12,207.53 | 12,331.00 | 12,454.48 | 12,577.95 | 12,701.43 |
| Woodie | 10,310.50 | 10,941.50 | 11,657.50 | 12,288.50 | 13,004.50 | 13,635.50 | 14,351.50 |
| Fibonacci | 10,927.33 | 11,441.89 | 11,759.78 | 12,274.33 | 12,788.89 | 13,106.78 | 13,621.33 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.05 | |
| MACD (12,26,9): | 59.7800 | |
| Directional Movement: | 8.60 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 12,768.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,865.00 | |
| Elder Ray (13): | 7.12 | |
| Super Trend (3,10): | 12,682.30 | |
| Zig ZAG (10): | 12,714.00 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 64.40 | |
| TEMA (21): | 12,802.87 | |
| Williams %R (14): | -64.06 | |
| Chande Momentum Oscillator (20): | 48.00 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.08 |
| MA7: | 12,621.71 | |
| MA20: | 12,406.78 | |
| MA50: | 11,850.70 | |
| MA100: | 11,184.66 | |
| MAexp7: | 12,754.68 | |
| MAexp20: | 12,696.28 | |
| MAexp50: | 12,633.33 | |
| MAexp100: | 12,593.53 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +2.44% | |
| Price / MA50: | +7.24% | |
| Price / MA100: | +13.63% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.92% |
Quotes :
2020-07-13 08:41:29
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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