DAX40 FULL0624 - 1H - Technical analysis published on 06/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 13,183.20 EUR
My targets
13,356.00 EUR (+1.01%)
13,420.00 EUR (+1.50%)
My analysis
DAX40 FULL0922 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 13,183.20 EUR. The next resistance located at 13,356.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13,420.00 EUR. After this resistance, buyers could then target 13,569.00 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by Gstar99. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL0922 price is 13,222.00 EUR. The price has increased by +0.81% since the last closing and was between 13,135.00 EUR and 13,365.00 EUR. This implies that the price is at +0.66% from its lowest and at -1.07% from its highest.13,135.00
13,365.00
13,222.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 FULL0922 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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 are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,965.00 | 13,035.40 | 13,183.20 | 13,222.00 | 13,356.00 | 13,420.00 | 13,569.00 |
| Change (%) | -1.94% | -1.41% | -0.29% | - | +1.01% | +1.50% | +2.62% |
| Change | -257.00 | -186.60 | -38.80 | - | +134.00 | +198.00 | +347.00 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,594.33 | 12,738.67 | 12,927.33 | 13,071.67 | 13,260.33 | 13,404.67 | 13,593.33 |
| Camarilla | 13,024.43 | 13,054.95 | 13,085.48 | 13,116.00 | 13,146.53 | 13,177.05 | 13,207.58 |
| Woodie | 12,616.50 | 12,749.75 | 12,949.50 | 13,082.75 | 13,282.50 | 13,415.75 | 13,615.50 |
| Fibonacci | 12,738.67 | 12,865.87 | 12,944.46 | 13,071.67 | 13,198.87 | 13,277.46 | 13,404.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,205.67 | 12,509.33 | 12,812.67 | 13,116.33 | 13,419.67 | 13,723.33 | 14,026.67 |
| Camarilla | 12,949.08 | 13,004.72 | 13,060.36 | 13,116.00 | 13,171.64 | 13,227.28 | 13,282.93 |
| Woodie | 12,205.50 | 12,509.25 | 12,812.50 | 13,116.25 | 13,419.50 | 13,723.25 | 14,026.50 |
| Fibonacci | 12,509.33 | 12,741.21 | 12,884.46 | 13,116.33 | 13,348.21 | 13,491.46 | 13,723.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,225.67 | 12,731.33 | 13,555.67 | 14,061.33 | 14,885.67 | 15,391.33 | 16,215.67 |
| Camarilla | 14,014.25 | 14,136.17 | 14,258.08 | 14,380.00 | 14,501.92 | 14,623.83 | 14,745.75 |
| Woodie | 12,385.00 | 12,811.00 | 13,715.00 | 14,141.00 | 15,045.00 | 15,471.00 | 16,375.00 |
| Fibonacci | 12,731.33 | 13,239.39 | 13,553.27 | 14,061.33 | 14,569.39 | 14,883.27 | 15,391.33 |
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): | 57.75 | |
| MACD (12,26,9): | 61.0100 | |
| Directional Movement: | 17.55 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 13,242.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,160.00 | |
| Elder Ray (13): | 42.12 | |
| Super Trend (3,10): | 13,109.18 | |
| Zig ZAG (10): | 13,226.00 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 68.55 | |
| TEMA (21): | 13,283.86 | |
| Williams %R (14): | -52.31 | |
| Chande Momentum Oscillator (20): | 100.00 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.57 |
| MA7: | 13,139.14 | |
| MA20: | 13,706.80 | |
| MA50: | 13,866.04 | |
| MA100: | 14,119.25 | |
| MAexp7: | 13,231.90 | |
| MAexp20: | 13,166.16 | |
| MAexp50: | 13,109.41 | |
| MAexp100: | 13,135.64 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | -3.54% | |
| Price / MA50: | -4.64% | |
| Price / MA100: | -6.35% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.86% | |
| Price / MAexp100: | +0.66% |
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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