DAX40 FULL0624 - 1H - Technical analysis published on 06/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 14,599.80 EUR
My targets
14,305.00 EUR (-1.54%)
14,230.00 EUR (-2.06%)
My analysis
The current short-term bearish acceleration registered on DAX40 FULL0622 should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 14,599.80 EUR. Short-term sellers will use the support located at 14,305.00 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 14,230.00 EUR. Crossing this support would then open the door for sellers to target 14,096.00 EUR. Caution, if there is a return to below 14,599.80 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2
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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 DAX40 FULL0622 price is 14,529.00 EUR. The price registered a decrease of -0.84% on the session and was traded between 14,512.00 EUR and 14,596.00 EUR over the period. The price is currently at +0.12% from its lowest and -0.46% from its highest.14,512.00
14,596.00
14,529.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0622 in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14,230.00 | 14,305.00 | 14,516.50 | 14,529.00 | 14,599.80 | 14,709.00 | 15,028.00 |
| Change (%) | -2.06% | -1.54% | -0.09% | - | +0.49% | +1.24% | +3.43% |
| Change | -299.00 | -224.00 | -12.50 | - | +70.80 | +180.00 | +499.00 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 14,289.33 | 14,384.67 | 14,518.33 | 14,613.67 | 14,747.33 | 14,842.67 | 14,976.33 |
| Camarilla | 14,589.03 | 14,610.02 | 14,631.01 | 14,652.00 | 14,672.99 | 14,693.98 | 14,714.98 |
| Woodie | 14,308.50 | 14,394.25 | 14,537.50 | 14,623.25 | 14,766.50 | 14,852.25 | 14,995.50 |
| Fibonacci | 14,384.67 | 14,472.15 | 14,526.19 | 14,613.67 | 14,701.15 | 14,755.19 | 14,842.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,955.00 | 14,130.00 | 14,287.00 | 14,462.00 | 14,619.00 | 14,794.00 | 14,951.00 |
| Camarilla | 14,352.70 | 14,383.13 | 14,413.57 | 14,444.00 | 14,474.43 | 14,504.87 | 14,535.30 |
| Woodie | 13,946.00 | 14,125.50 | 14,278.00 | 14,457.50 | 14,610.00 | 14,789.50 | 14,942.00 |
| Fibonacci | 14,130.00 | 14,256.82 | 14,335.18 | 14,462.00 | 14,588.82 | 14,667.18 | 14,794.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,260.67 | 12,766.33 | 13,590.67 | 14,096.33 | 14,920.67 | 15,426.33 | 16,250.67 |
| Camarilla | 14,049.25 | 14,171.17 | 14,293.08 | 14,415.00 | 14,536.92 | 14,658.83 | 14,780.75 |
| Woodie | 12,420.00 | 12,846.00 | 13,750.00 | 14,176.00 | 15,080.00 | 15,506.00 | 16,410.00 |
| Fibonacci | 12,766.33 | 13,274.39 | 13,588.27 | 14,096.33 | 14,604.39 | 14,918.27 | 15,426.33 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.53 | |
| MACD (12,26,9): | -5.4200 | |
| Directional Movement: | -1.83 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 14,569.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,634.85 | |
| Elder Ray (13): | -10.70 | |
| Super Trend (3,10): | 14,645.86 | |
| Zig ZAG (10): | 14,541.00 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 11.00 | |
| TEMA (21): | 14,545.46 | |
| Williams %R (14): | -88.32 | |
| Chande Momentum Oscillator (20): | -113.00 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.20 |
| MA7: | 14,493.00 | |
| MA20: | 14,190.50 | |
| MA50: | 14,158.46 | |
| MA100: | 14,452.05 | |
| MAexp7: | 14,545.51 | |
| MAexp20: | 14,568.87 | |
| MAexp50: | 14,548.91 | |
| MAexp100: | 14,499.06 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +2.39% | |
| Price / MA50: | +2.62% | |
| Price / MA100: | +0.53% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | +0.21% |
Quotes :
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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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