MICRO DAX FULL0325 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
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This analysis was given by ASvekris. Take part yourself by sharing additional analysis on another time unit:
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 15,615.00 | 15,680.00 | 15,792.00 | 15,857.00 | 15,969.00 | 16,034.00 | 16,146.00 |
| Camarilla | 15,855.33 | 15,871.55 | 15,887.78 | 15,904.00 | 15,920.23 | 15,936.45 | 15,952.68 |
| Woodie | 15,638.50 | 15,691.75 | 15,815.50 | 15,868.75 | 15,992.50 | 16,045.75 | 16,169.50 |
| Fibonacci | 15,680.00 | 15,747.61 | 15,789.39 | 15,857.00 | 15,924.61 | 15,966.39 | 16,034.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,143.33 | 15,448.67 | 15,723.33 | 16,028.67 | 16,303.33 | 16,608.67 | 16,883.33 |
| Camarilla | 15,838.50 | 15,891.67 | 15,944.83 | 15,998.00 | 16,051.17 | 16,104.33 | 16,157.50 |
| Woodie | 15,128.00 | 15,441.00 | 15,708.00 | 16,021.00 | 16,288.00 | 16,601.00 | 16,868.00 |
| Fibonacci | 15,448.67 | 15,670.23 | 15,807.11 | 16,028.67 | 16,250.23 | 16,387.11 | 16,608.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,752.67 | 15,201.33 | 15,477.67 | 15,926.33 | 16,202.67 | 16,651.33 | 16,927.67 |
| Camarilla | 15,554.63 | 15,621.08 | 15,687.54 | 15,754.00 | 15,820.46 | 15,886.92 | 15,953.38 |
| Woodie | 14,666.50 | 15,158.25 | 15,391.50 | 15,883.25 | 16,116.50 | 16,608.25 | 16,841.50 |
| Fibonacci | 15,201.33 | 15,478.28 | 15,649.38 | 15,926.33 | 16,203.28 | 16,374.38 | 16,651.33 |
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 :
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15 min delayed data
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EUREX Futures Micro
This member declared not having a position on this financial instrument or a related financial instrument.
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