Jump to content

DAX buyers wait in the "Blue Zone"

Recommended Posts

Note how important that blue zone has been in the past. More recently it has acted as support, so unless there's a rapid push down through it (note there was a rapid push up through it in the past), I would expect it to hold.  Clearly we have the Fed today and NFP on Friday so, anything could happen !                                                             Capture ddaxx.PNG

Link to comment

Keep an eye on the daily chart which today was trapped between the 38.2 and 50% Fib level and unable to break down through the 13132 so the end of day bar looking like a doji (undecided). FOMC a damp squid, Yellen not willing to stake the rattle on her last FOMC mtg. 

A break up through 13271 or down through 13132 (both in purple) should set the general direction short term so after the break looking for entries on a lesser time frame in that direction.







Link to comment

where does this cloud appear from?  Water in the river of the trading gold mine does not require clouds in the sky sending gold  to the river , and saying I can only flood on you with water.


Your analysis is posted here.Please reread it, it does not mention clouds, if I am wrong please point it out.Please accept my apology if I am wrong.





Link to comment

As usual I have no idea what (clouds) you are on, about. 

The levels marked were fine (yesterdays doji range). The push up was a stop run or just a failed breakout, call it what you will but the break below was real enough.


The pullback after the new low stalled at the 23.6 Fib level.





Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...