Home » DAX morning analysis: DAX now back in range on FED day

DAX morning analysis: DAX now back in range on FED day

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DAX morning analysis: DAX now back in range on FED day

First of all, my presentation of the current DAX situation in detail in the video, before we go into more detail with the charts:

For the entire trading day you could again get a high Momentum observe, which continued the start of the week in the pre-stock market and further premiums. We will now go into more detail on this.

DAX momentum remains on the upside

After the takeover of Credit Suisse by UBS and a calming down in the banking sector, Tuesday started very positively in the DAX. We already reached 15,050 in the pre-market and had thus uncovered further potential, which in the Tuesday analysis on 03/21/2023 was first sketched like this (retrospective):

20230321 DAX perpetual contract

20230321 DAX perpetual contract

At the start of XETRA, this mark was a potential entry point in the direction of the trend, since we encountered it from the top. I used this in live trading as follows:

2023-03-21 DAX-Trade

2023-03-21 DAX-Trade

Please join me again in the Live trading webinar for the DAX opening to the first concrete trading ideas and their implementation from 8.55 a.m.:

AndreasBernstein Livetrading DAX

AndreasBernstein Livetrading DAX

In the further course, the high points from Friday and thus the starting point of the downward movement were started. They initially offered resistance at 15,150, but were ultimately just a way station on the way up:

20230322 DAX Xetra weekly trend

20230322 DAX Xetra weekly trend

The GAP did not close and the index closed near the daily high for another bullish day. Once again, the banks were the winners, ensuring a firm overall market.

To compare the view of the Data from the Frankfurt Stock Exchange at this point:

2023-03-21 DAX Boerse Frankfurt

2023-03-21 DAX Boerse Frankfurt

Looking at Wall Street, that strength was evident there as well. We’ll go into that here.

Wall Street vor dem FED-Event stark

Banks in the US also made significant gains, as did some energy companies.

This was thanks in particular to the lightened mood seen in the Fear and Greed Index:

2023-03-22 Fear and Greed

2023-03-22 Fear and Greed

Interim attempts GAP close, did not quite reach the goal:

2023-03-21 Dow Jones Trading

2023-03-21 Dow Jones Trading

I’ll be happy to show you again how I implement this in US trading with specific trades today from 2.25 p.m – please note the time change in the USA:

AndreasBernstein Livetrading WALL-STREET

AndreasBernstein Livetrading WALL-STREET

At the closing price, all US indices then recorded a profit and the market-wide S&P500 even conquered the 4,000 mark:

2023-03-21 Wall Street closed

2023-03-21 Wall Street closed

What can be derived from this mix for the DAX?

Trade ideas for 03/22/2023

Yesterday’s analysis outlined the following setup in the big picture:

In a very bullish expansion, the renewed range touch around 15,250 can also be calculated. I have shown this scenario in the medium-term chart here:

20230320 DAX Xetra medium-term range

20230320 DAX Xetra medium-term range

In fact, this was the full extent we saw yesterday:

20230322 DAX Xetra medium term

20230322 DAX Xetra medium term

This brings the DAX to a range of 800 points this week:

20230322 DAX Xetra weekly range

20230322 DAX Xetra weekly range

From the pre-exchange, the momentum has now ended at the mark outlined. There could be a direct countermovement here, which can then include, for example, yesterday’s GAP in XETRA trading as the first target and Friday’s highs as further consolidation:

20230322 DAX perpetual contract

20230322 DAX perpetual contract

A further penetration into the range would be equivalent to a short squeeze, but cannot be ruled out in the current situation. However, I think it is the less likely option ahead of the US Federal Reserve Board meeting.

We look forward to today’s opening in the DAX together as Live trading webinar DAX opening and first concrete trading ideas with implementation from 8.55 a.m.:

AndreasBernstein Livetrading DAX

AndreasBernstein Livetrading DAX

My tools and other cornerstones for trading

I will implement my setups with CFDs and futures. I primarily deal with that Broker JFD and these conditions and use for them Chart analysis tool StereoTrader.

We like to talk about what is happening in the market in the live trading room. Sign up for the Access to the live trading room here free of charge – the dates are anchored in the teaser image:

Live Trading Room registration

Live Trading Room registration

On the Twitch channel FIT4FINANZEN you will be presented with further detailed inspiration and opinions. Feel free to watch it for free and over several hours, in which other traders and speakers LIVE comment on the course of trading and other financial data in HD and discuss their approach:

FIT4FINANZEN on Twitch

Appointments for Wednesday

A look at the others quarterly figures I have also prepared and posted for you here for the new week. GameStop was already exciting last night:

2023-03-22 GameStop nach Earnings

2023-03-22 GameStop nach Earnings

You can see the other earnings of the week here:

20230318 quarterly figures weekly preview

20230318 quarterly figures weekly preview

The FED meeting of the US Federal Reserve is at the top of the agenda today. However, this event is only after the XETRA close. Please register here:

JFD Webinar on FED

JFD Webinar on FED

ECB President Christine Lagarde will speak again in the morning. At 10:00 a.m. the current account of the EU will be published.

Crude oil inventories from the USA are still important in the early afternoon.

Here is the daily summary:

2023-03-22 economic data

2023-03-22 economic data

I got these key points from the economic calendar taken from this page.

You will receive all chart images from this analysis in advance as an email.

With that, I wish us a lot of success in trading in the new week.

Yours Andreas Bernstein

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*Placed products/tools are marked accordingly and advertising. 67.02% of retail investor accounts lose money when trading CFDs with the company. You should therefore consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money!

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