DAX: Longs Need Stops Below 12100

www.investing.com/analysis/dax-daily-forecast--13-april-2018-200305269

By Jason Sen | Apr 13, 2018 06:07AM ET

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DAX Weekly Chart

DAX failure to beat strong resistance at 12420/440 targets first support at 12320/330 before much better support at 12265/255. On further losses look for 12215/210 before a buying opportunity at 12165/155; longs need stops below 12100. A break below 12110/100 is a sell signal targeting 12070/060 and 12000/11980.

Strong resistance at 12420/440 has worked perfectly this week but shorts need stops above 12485. A break higher is a short term buy signal targeting 12520/540 and 12595/599.

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Central Banks

Interest Rates

Next Meeting

FED

1.75%

May 02, 2018

ECB

0.00%

Apr 26, 2018

BOE

0.50%

May 10, 2018

SNB

-0.75%

Jun 21, 2018

RBA

1.50%

May 01, 2018

BOC

1.25%

May 30, 2018

RBNZ

1.75%

May 10, 2018

BOJ

-0.10%

Apr 27, 2018

CBR

7.25%

Apr 27, 2018

RBI

6.00%

Jun 07, 2018

PBOC

4.35%

BCB

6.50%

May 16, 2018

S&P 500 Futures	2,671.25	-21.75	-0.81%
Nasdaq Futures	6,675.75	-104.25	-1.54%
Dow 30	24,462.94	-201.95	-0.82%
SmallCap 2000	1,564.30	-8.66	-0.55%
S&P 500 VIX	16.88	+0.92	+5.76%
DAX	12,540.50	-26.92	-0.21%
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Bitcoin Futures	8,540.0	0.0	0.00%

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Natural Gas	2.767	0.000	0.00%
US Cotton #2	84.37	0.00	0.00%
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EUR/USD	1.2288	-0.0058	-0.47%
GBP/USD	1.4002	-0.0085	-0.60%
USD/JPY	107.66	+0.30	+0.28%
USD/CAD	1.2764	+0.0093	+0.73%
GBP/JPY	150.76	-0.50	-0.33%
AUD/USD	0.7672	-0.0057	-0.74%
EUR/GBP	0.8776	+0.0012	+0.14%
EUR/JPY	132.30	-0.25	-0.19%

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DAX: Longs Need Stops Below 12100

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