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MICRO DAX FULL0624 8:00-22:00
MICRO DAX FULL0624 8:00-22:00
- EUR (-)
- 15 min delayed data - EUREX Futures Micro
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: DXSXXXX_8
ISIN: FDXSXXXX_8

MICRO DAX FULL0624 8:00-22:00 - 15 min. - Technical analysis published on 06/02/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 15,969.00 EUR
My targets
16,146.00 EUR (+0.61%)
16,273.00 EUR (+1.40%)
My analysis
MICRO DAX FULL0623 8:00-22:00 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15,969.00 EUR. The next resistance located at 16,146.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16,273.00 EUR. After this resistance, buyers could then target 16,407.00 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

ASvekris
This analysis was given by ASvekris. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The MICRO DAX FULL0623 8:00-22:00 price is 16,048.00 EUR. The price registered an increase of +0.91% on the session with the lowest point at 15,940.00 EUR and the highest point at 16,049.00 EUR. The deviation from the price is +0.68% for the low point and -0.01% for the high point.

15,940.00
16,049.00
16,048.00

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this MICRO DAX FULL0623 8:00-22:00 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15,755.40 15,837.40 15,904.80 16,048.00 16,114.00 16,273.00 16,407.00
Change (%) -1.82% -1.31% -0.89% - +0.41% +1.40% +2.24%
Change -292.60 -210.60 -143.20 - +66.00 +225.00 +359.00
Level Intermediate Intermediate Intermediate - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15,615.0015,680.0015,792.0015,857.0015,969.0016,034.0016,146.00
Camarilla15,855.3315,871.5515,887.7815,904.0015,920.2315,936.4515,952.68
Woodie15,638.5015,691.7515,815.5015,868.7515,992.5016,045.7516,169.50
Fibonacci15,680.0015,747.6115,789.3915,857.0015,924.6115,966.3916,034.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15,143.3315,448.6715,723.3316,028.6716,303.3316,608.6716,883.33
Camarilla15,838.5015,891.6715,944.8315,998.0016,051.1716,104.3316,157.50
Woodie15,128.0015,441.0015,708.0016,021.0016,288.0016,601.0016,868.00
Fibonacci15,448.6715,670.2315,807.1116,028.6716,250.2316,387.1116,608.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,752.6715,201.3315,477.6715,926.3316,202.6716,651.3316,927.67
Camarilla15,554.6315,621.0815,687.5415,754.0015,820.4615,886.9215,953.38
Woodie14,666.5015,158.2515,391.5015,883.2516,116.5016,608.2516,841.50
Fibonacci15,201.3315,478.2815,649.3815,926.3316,203.2816,374.3816,651.33

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 68.57
MACD (12,26,9): 31.3600
Directional Movement: 15.68
AROON (14): 78.57
DEMA (21): 15,995.36
Parabolic SAR (0,02-0,02-0,2): 15,965.03
Elder Ray (13): 16.25
Super Trend (3,10): 15,935.37
Zig ZAG (10): 15,986.00
VORTEX (21): 1.0700
Stochastique (14,3,5): 79.56
TEMA (21): 16,005.17
Williams %R (14): -23.36
Chande Momentum Oscillator (20): 88.00
Repulse (5,40,3): 0.0500
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.97
MA7: 15,920.86
MA20: 16,009.40
MA50: 15,873.52
MA100: 15,664.61
MAexp7: 15,989.63
MAexp20: 15,956.09
MAexp50: 15,907.24
MAexp100: 15,883.12
Price / MA7: +0.80%
Price / MA20: +0.24%
Price / MA50: +1.10%
Price / MA100: +2.45%
Price / MAexp7: +0.37%
Price / MAexp20: +0.58%
Price / MAexp50: +0.88%
Price / MAexp100: +1.04%

Quotes : - 15 min delayed data - EUREX Futures Micro

This member declared not having a position on this financial instrument or a related financial instrument.

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