I traded alot last year ( probably too much ) with DAX being one of my favourite but heart stopping tipples, Ive not looked at it since the start of the year due to other work commitments, anyone on here been keeping upto date and still trading it ? Any insights would be great as I load up some accounts in the next couple of weeks to get my Summer Fix
I am not a trader in DAX but Tracking Global market is my passion. I tracked DAX many times before. I can give my views about DAX if allowed. thanks.
https://www.investing.com/indices/germany-30-technical Technicals of DAX showing, DAX will crash below Daily 200EMA , 60-90days target 11500-11000. Buy EURUSD and Sell European equities. CAC40 also bearish target 5000-4800, 60-90 days. Same strategy, Buy EURUSD, Sell CAC 40. EUROSTOXX 50 also bearish. target 3200-3000-2800, 60-90 days. FTSE 100 is exception or bullish. Buy for target 8000, GBPUSD trading is risky avoid it. So, EURUSD will hit 1.2500 short-term is almost confirmed.
DAX near Daily 200SMA ( Current around 12620 ) book profit again and again. CAC40 book profit near Daily 200 EMA ( Current around 5203 ) book profit again and again.EUROSTOXX 50 is almost near crash.
DAX will break 52 week High soon. Not only DAX, all European Markets will break 52 week high 1 by 1.Gold entered in new phase, Now Gold is sell above 1391 USD. EURUSD Target 1.1915. Crude oil will crash more and more.
Quit Longs in Equities and Indices. Looks like Some correction in Global markets After EU Elections. Hold Longs in EURUSD target 1.1915. FED Rate cuts are ahead so weakness in Dollor Index is expected. Dollor Index can show correction 92-89-86 levels.
It's Time for Aggressive Buying in equity, Global Sentiments are Bullish. Gold , Buy In Dips in 1372-1391 USD Range, Crude, it's Sell on every rise. Target below 52 Week Low. EURUSD, Target 1.1915. GBPUSD looking Good buy here for Short-term target 1.2780-1.2800 Short term
