DAX week 25

27 cze 2021

Hello everyone,

This week, I offer my analysis of the movements of GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.

First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
babypips.com/trading/5-lessons-traders-learned-after-a-year-of-forex
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.

So, what happened last week?
This week was a calm week with some waves.
The speech of Powell contributes to those waves because currently the market seems to be waiting for a confirmation (or not) of his predictions.

This week, I continue with my selling strategy on GER30. I was expecting a range for this week, that is why, I open some positions when GER30 got closer from identified resistances and I closed also positions when it reaches supports.

My perspective for the end of next week are completely the same than last week, I think GER30 will close next week around 15550:
- 0.01%: GER30 rises over the red line;
- 30%: GER30 finishes the week between the red line and 15550;
- 40%: GER30 reaches back in the range 15412 - 15550;
- 30%: GER30 falls under 15412 and stay under it;
I think there will be a big wave: a fall before Wednesday and a rise at the end of the week.

What to follow next week?
Globally (still the same):
- WARNING !! WARNING !! Variant Delta is spreading all around Europe;
- Inflation: the rise of petrol (OIL to follow accurately) and other raw material;
- The US 10 years interest rates (which could also have an impact on NSDQ100);
- The transaction volumes.
Day by day :
- Monday: ECB Economic prevision for the summer;
- Tuesday: Brussel economic forum with Christine Lagarde, Angela Merkel and OMC President;
- Wednesday : 2 days OCDE meeting in Paris, German Unemployment change, Eurozone CPI, US ADP Non farm employment change, US Crude Oil inventory;
- Thursday: German Manufacturing PMI, US initial Jobless Claim, US ISM Manufacturing PMI;
- Friday : US Non farm payrolls, US unemployment rates, Christine Lagarde speech at Aix en Provence economic meeting.

I wish you a good trading week,

Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre