مؤشر داكس التحليل الفني - مؤشر داكس التداول: 2018-12-21

Slower German business activity bearish for DE30

German private sector activities expansion slowed in December. Will the DE30 continue declining?

On the daily timeframe the DE30: D1 is below the 50-day moving average MA(50) which is falling, this is bearish.

• The Parabolic indicator gives a sell signal.
• The Donchian channel indicates downtrend: it is tilted lower.
• The MACD indicator gives a bearish signal: it is below the signal line and the gap is widening.
• The Stochastic oscillator has breached into oversold zone, this is bullish.

We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 10480.58. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian channel at 11091.03. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (11091.03) without reaching the order (10480.58), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Technical Analysis Summary