Recent content by 4FXtrader

DAX could not overcome a strong level of 11660 H1: DAX could not overcome a strong level of 11660. The second high (10/08/2015) could not reach up to this weekly level. DAX turned down. It broke the support of the slanting trend channel, the 61.8% retrace and the bullish trend line by...

DAX - Retracing into the trend channel caused fall... H1: Retracing into the trend channel caused fall in the shorter term yesterday. Bears pushed down DAX till the 50% retrace of 11172-11671 (31/07/2015 low and 06/08/2015 high) rise. The weekly level of 11500 was broken but in the next hour...

In the morning DAX tried to increase... H1: In the morning DAX tried to increase. It has formed an engulfing candlestick then it broke the last small top. The enthusiasm did not last long. Bears pushed back the price. A large-bodied marubozu broke the last small bottom and the price returned...

DAX tried to break the weekly zone of 11660 twice H1: In the morning DAX tried to break the weekly zone of 11660 twice but it failed. The instrument turned down with two shooting star type candles. Afternoon bears gathered strength and DAX fell with powerful dynamics till the 23.6% retrace of...

DAX broke out from the increasing wedge by gap H1: DAX broke out from the increasing wedge by gap. First, it reached the top of 23/07/2015 where it rested a little. Later it gained strength and touched the weekly zone of 11660. Dynamics became flat. Candles with upper shadows indicate...

Small-bodied candle sticks formed on DAX yesterday H1: Small-bodied candle sticks formed on DAX yesterday. The price has not decided yet in which direction to move. At the meantime it ranges above the slanting trend channel in an increasing wedge. Rise: If DAX breaks out of this wedge and it...

DAX broke out from the increasing slanting trend channel H1: Yesterday morning DAX broke out from the increasing slanting trend channel and it reached the daily zone of 11400. Later DAX tested back the former resistance of the trend channel twice. It tried to overcome the weekly level at 11500...

DAX - Ranging continues in the slanting upward trend channel H1: Ranging continues in the slanting upward trend channel which is above the bullish trend line. Friday started with little dynamics then DAX fell till the support of the slanting trend channel. This one-hour candle was engulfed by a...

DAX - Small tops and bottoms started to decrease H1: Small tops and bottoms started to decrease on this time frame. Dynamics have changed bearish although, bulls pushed up the price at the end of the day. At the meantime DAX ranges between two zones (11170 and 11300). Rise: If DAX will be able...

DAX - Uncertainty is visible on this time frame H1: Uncertainty is visible on this time frame as well. DAX reached again the 50% retrace of 10652-11804 (08/07/2015 low and 20/07/2015 high) rise but it bounced down with an engulfing candlestick. After this powerful movement the market went flat...

In the morning DAX started moving upwards with powerful candle dynamics H1: In the morning DAX started moving upwards with powerful candle dynamics then as it reached the 50% retrace of 10652-11804 (08/07/2015 low and 20/07/2015 high) rise, it bounced down. After testing back the 61.8% retrace...

DAX reached the 61.8% retrace H1: DAX reached the 61.8% retrace of 10652-11804 (08/07/2015 low and 20/07/2015 high) rise with shadows in the middle of the day. Later DAX decreased a bit but only small-bodied candles formed. Rise: As candle dynamics became weak in bearish direction and the...

In the morning DAX tested back the consolidation level of 23.6% retrace H1: In the morning DAX tested back the consolidation level of 23.6% retrace (10652-11804) then it corrected in the second half of the day. Now the instrument rests between two correction levels (38.2% and 50%) on the daily...

Wednesday’s bullish candle dynamics brought rise in the shorter term H1: Wednesday’s bullish candle dynamics brought rise in the shorter term yesterday. After this, DAX confusedly started moving downwards. At the meantime it rests halfway between two H4 levels (11500 and 11390). Dynamics are...

DAX reached the 23.6% retrace H1: DAX reached the 23.6% retrace of 10652-11804 rise (08/07/2015 low and 20/07/2015 high) with a large-bodied candlestick. Bulls pushed back the price in the next hour and an engulfing candle formed. Candle dynamics became weak in the rest of the day. Rise: As...