Tag Archives: sell dax

German 30 and US Non Farm Payroll – old support might be new resistance

As so often happens, a lot of markets have reached key technical levels in the run up to the US jobs numbers tonight (Australian time). For traders using technical analysis, this has the advantage of providing a logical place to position a … Continue reading

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German 30 looks a head and shoulder prospect

The long term Dax chart looks to be one of those situations where a steep trend has been broken with the prospect of a move down to support at a longer term more conservatively angled trend line. Against that background, the daily chart is forming a … Continue reading

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Dax – Double Top

Despite a couple of big selling sessions this month the German 30 CFD, like the Australia 200 has clung on without breaking major support. However, yesterday’s big reversal candle leaves what might be a double top. This could make the next couple of … Continue reading

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DAX Down – Sell the German 30

The German 30 index rallied 44.7% between September last year and March this year. Given that Europe is central to so many market concerns, this can be viewed as an amazing performance.  With the situation deteriorating rapidly, selling the German … Continue reading

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