{"id":46396,"date":"2014-01-16T12:05:18","date_gmt":"2014-01-16T17:05:18","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46396"},"modified":"2014-01-16T12:05:18","modified_gmt":"2014-01-16T17:05:18","slug":"dax30-trade-setup-bulls-could-take-the-lead","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/dax30-trade-setup-bulls-could-take-the-lead\/","title":{"rendered":"DAX30 Trade Setup \u2013 Bulls could take the Lead"},"content":{"rendered":"<p>Article by <a href=\"http:\/\/investazor.com\/\" target=\"blank\"><u>Investazor.com<\/u><\/a><\/p>\n<p>The German data was posted today in line with the expectations. The German CPI rose with 0.4%. ECB\u2019s Weidman said today in his speech that German economic upswing is continuing this year and next.<\/p>\n<p>The price of futures German DAX30 has crossed above the rejection line of a Rising Wedge and plunged back under it pretty fast. The corrective move was signaled, on the 60 minutes chart, by the 24 periods RSI which went overbought.<\/p>\n<p>If the price will fall under the current support level, 9700 (which is also a round number), we expect for the down move to continue all the way to the next important support at 9612. The fall could also be confirmed by a drop in the RSI under the 62 level (which is a good support).\u00a0 A breakout above the 9772 high will invalidate this setup, and the upside target will be 9800.<\/p>\n<p><a href=\"http:\/\/ift.tt\/LjWEVU\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2249\" alt=\"dax30-trade-setup-resize-16.01.2014\" src=\"http:\/\/ift.tt\/1gQKopG\" width=\"645\" height=\"336\" \/><\/a><\/p>\n<p>Trigger Price: 9700 \u00a0 \u00a0 Take Profit: 9612 \u00a0 \u00a0 \u00a0Stop Loss: 9742<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/ift.tt\/LjWHkE\">DAX30 Trade Setup \u2013 Bulls could take the Lead<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/investazor.com\">investazor.com<\/a>.<\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/ift.tt\/LjWEVY\"><img decoding=\"async\" src=\"http:\/\/ift.tt\/1j1aYjG\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ift.tt\/LjWHAU\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by Investazor.com The German data was posted today in line with the expectations. The German CPI rose with 0.4%. ECB\u2019s Weidman said today in his speech that German economic upswing is continuing this year and next. The price of futures German DAX30 has crossed above the rejection line of a Rising Wedge and plunged &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/dax30-trade-setup-bulls-could-take-the-lead\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DAX30 Trade Setup \u2013 Bulls could take the Lead&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-46396","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=46396"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46396\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}