{"id":104965,"date":"2017-04-19T06:45:00","date_gmt":"2017-04-19T10:45:00","guid":{"rendered":"http:\/\/countingpips.com\/?p=104965"},"modified":"2017-04-19T06:18:48","modified_gmt":"2017-04-19T10:18:48","slug":"german-dax-technical-analysis-great-britain-wants-to-improve-brexit-conditions","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/04\/german-dax-technical-analysis-great-britain-wants-to-improve-brexit-conditions\/","title":{"rendered":"German DAX: Technical Analysis &#8211; Great Britain wants to improve Brexit conditions"},"content":{"rendered":"<div id=\"inves-1855316415\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 19, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p><strong>Great Britain wants to improve Brexit conditions<\/strong><\/p>\n<p>British Prime Minister Theresa May announced about the early parliamentary election. All European stock indices dropped, while the British FTSE 100 slumped by 2.5%. Let us consider the probability of the further decline in the German <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/de30\">DAX<\/a> index.<\/p>\n<p>The early parliamentary election in Great Britain will take place on June 8, 2017. A number of parties, like the Scottish National party, Labour Party and Liberal Democrats are against the Great Britain\u2019s exit from the European Union. The Conservative Party and its leader Theresa May are for Brexit. In her opinion, the new election will allow to increase the presence of Conservatives in the British parliament. This may contribute to getting more attractive conditions for the country\u2019s exit from the EU. We do not exclude, that if Great Britain actually manages to agree upon the preferences during Brexit, the economy of other EU countries may suffer from this. Maybe, this will push the DAX prices down. On Wednesday, at 11-00 CET the trade balance of the Eurozone for February will come out. The preliminary forecasts are positive which may prevent the decline of the German stock index.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/18-04-2017.png\" alt=\"DE30\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>DE30: D1<\/b> overcame the support line of the ascending channel and is trying to correct down. The further decrease of the index is possible in case of the escalated political situation over the French presidential elections and Brexit in Great Britain, as well as in case of the publication of weak economic data and corporate earnings in Germany and the EU.<\/p>\n<ul class=\"emailSummary\">\n<li><b>Parabolic indicator<\/b> gives bearish signals.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> have narrowed, which means lower volatility.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI<\/a> dropped below 50. It has formed a weak negative divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD<\/a> gives bearish signals.<\/li>\n<\/ul>\n<p>The bearish momentum may develop in case <b>DE30<\/b> drops below the Bollinger band at 11900. This level may serve as the entry point. The initial stop-loss may be placed above the two last fractal highs, the 2-year high, the upper Bollinger band and the Parabolic signal at 12400. After opening the pending order, we shall move the stop to the next fractal high following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop level at 12400 without reaching the order at 11900 we recommend cancelling the position: the market sustains internal changes that were not taken into account.<\/p><div id=\"inves-2945378065\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">below11900<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">above12400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Great Britain wants to improve Brexit conditions British Prime Minister Theresa May announced about the early parliamentary election. All European stock indices dropped, while the British FTSE 100 slumped by 2.5%. Let us consider the probability of the further decline in the German DAX index. The early parliamentary election in Great Britain will [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-104965","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=104965"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104965\/revisions"}],"predecessor-version":[{"id":104973,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104965\/revisions\/104973"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=104965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=104965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=104965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}