{"id":118999,"date":"2018-01-03T08:03:06","date_gmt":"2018-01-03T13:03:06","guid":{"rendered":"http:\/\/countingpips.com\/?p=118999"},"modified":"2018-06-01T15:46:49","modified_gmt":"2018-06-01T15:46:49","slug":"dax30-equidistant-channel-is-trapping-the-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/dax30-equidistant-channel-is-trapping-the-price\/","title":{"rendered":"DAX30 Equidistant Channel is Trapping the Price"},"content":{"rendered":"
January 3, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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As the EUR continues its strength against the USD, this may not be good for unhedged exporters on the Dax30 and future earnings. Yesterday we saw a continuation of the selling, but it has since then retraced. Commodities prices continue to increase, but this has only a minor bearing on the Dax30.<\/p>\n

Nonetheless, the PMI Manufacturing numbers from Germany are showing significant expansion. Technically, at this point, the DAX30 is capped at resistance within the POC 12940-12950. However if the price breaks above POC it, we could see the POC2 12995-13028. Pay attention as the price might reject within any of the POC zones. Targets are 12865, 12828 and 12772. To the downside, continuation is possible on a breakout below 12772 towards 12678.<\/p>\n

However if the price breaks 13028, this could completely negate the bearish scenario. Targets for the breakout are 13089 and 13163 on a further bullish momentum.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>

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W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

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Read the Camarilla trading blog<\/a><\/p>\n

\"DAX30<\/a><\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: DAX30 Equidistant Channel is Trapping the Price<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets As the EUR continues its strength against the USD, this may not be good for unhedged exporters on the Dax30 and future earnings. Yesterday we saw a continuation of the selling, but it has since then retraced. Commodities prices continue to increase, but this has only a minor bearing on the Dax30. […]<\/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-118999","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118999","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=118999"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118999\/revisions"}],"predecessor-version":[{"id":119009,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118999\/revisions\/119009"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=118999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=118999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=118999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}