Dax daily: 24 Jul 2019

2019年7月24日

Our Statistical Application did a great job again. As per the statistical probabilities, it was very likely that Dax would continue its upward move and so it happened. The price went up just to slow down at the resistance level of 12 380 and then went over the roof, making a strong upward momentum for the entire intraday trading.

Important zones

Resistance: 12 540, 12 576
Support: 12 437, 12 338

Statistics for today

Detailed statistics in the Statistical Application
The statistical probability of closing the gap is 69%
The statistical probability of breaking yesterday's high is 90%

Macroeconomic releases

09:15 - 10:00 CEST - Eurozone PMIs

Today's session hypothesis

Yesterday's session was very bullish. The statistics play for today's continuation as well. The combination of probabilities suggests we could retest 12 541. Another resistance we have lays around 12 576. The start of the session is great as well as the price drops slightly which is a positive key for us as the long trades have a better filling. Let's not forget that although we have a strong bullish confluence, the market might go its own way. Be careful around PMIs releases from Eurozone.