Dax daily: 22 Jul 2020
The positive continued yesterday as we expected. The price reached above 13 235 resistance and we've noticed the biggest volume of orders for the entire day session. Unfortunately, Dax hasn't stayed long in those levels and the afternoon session wiped out all gains, dropping down to a support level of 13 093.
Important zones
Resistance: 13 235, 13 519
Support: 12 882
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Today's session opened near Friday's close and Dax is now retesting yesterday's close. This is good news for sellers as the initial signal implies that buyers are not fully convinced of their strengths. Needless to say that Dax is still in the uptrend which is uninterrupted. We anticipate the repetitive test of 13 125 which could be a good level for bearish traders.
Important zones
Resistance: 13 235, 13 519
Support: 12 882
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Today's session opened near Friday's close and Dax is now retesting yesterday's close. This is good news for sellers as the initial signal implies that buyers are not fully convinced of their strengths. Needless to say that Dax is still in the uptrend which is uninterrupted. We anticipate the repetitive test of 13 125 which could be a good level for bearish traders.
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