{"id":126530,"date":"2018-05-11T06:35:40","date_gmt":"2018-05-11T10:35:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=126530"},"modified":"2018-06-01T15:39:48","modified_gmt":"2018-06-01T15:39:48","slug":"dax30-ascending-channel-confirms-the-uptrend","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/dax30-ascending-channel-confirms-the-uptrend\/","title":{"rendered":"DAX30 Ascending Channel Confirms the Uptrend"},"content":{"rendered":"
May 11, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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This week we saw Trump renege the Iran deal, which saw Oil prices climb, and despite the uncertainty, Equities markets continued to rise. There was talk from Macron that we should look for solutions to continue to trade with Iran. In addition, we saw signs of USD strength during the week, followed by weakness and now we may see more strength again. During USD strength, we see the Dax has the ability to climb higher, especially when during Equities are rising.<\/p>\n

The POC zone 12950-80 could reject the price in the case of a retracement. The price is trapped in an ascending channel and we could see 13.030, 13.060 and 13.115. Only below 12900 the DAX will be bearish on intraday time frames.<\/p>\n

Source: Admiral Markets MT5<\/a> with MT5SE Add-on<\/a><\/em><\/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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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t 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>

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<\/a>\r\n\t 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>

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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

Best wishes,<\/p>\n

Nenad<\/p>\n

Follow Admiral Markets<\/a> on Facebook \u2013 @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks<\/a>.<\/p>\n

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

Source: DAX30 Ascending Channel Confirms the Uptrend<\/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 This week we saw Trump renege the Iran deal, which saw Oil prices climb, and despite the uncertainty, Equities markets continued to rise. There was talk from Macron that we should look for solutions to continue to trade with Iran. In addition, we saw signs of USD strength during the week, followed […]<\/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-126530","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126530","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=126530"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126530\/revisions"}],"predecessor-version":[{"id":126533,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126530\/revisions\/126533"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}