Indicator Signal
- Stochastic Neutral
- MACD Sell
- Donchian Channel Sell
- MA(200) Sell
- Fractals Neutral
- Parabolic SAR Sell
Chart Analysis
On the daily timeframe DE330: D1 has fallen below 200-day moving average MA(200) which has leveled off. We believe the bearish momentum will continue after the price breaches below the lowerr Donchian boundary at 11623.13. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 12287.85. After placing the pending order the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (12287.85) without reaching the order (11623.13) we recommend cancelling the order: the market sustains internal changes which were not taken into account.
Fundamental Analysis
Continued global expansion of coronavirus infection takes a toll on export oriented German economy. Will the DE30 decline continue?
DE30 Forecast | Expanding coronavirus infection bearish for DE30 | IFCM