DAX week 27

2021年7月11日

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, we saw 3 waves (Monday, Wednesday and then Thursday).
Media talks a lot about the spread of variant Delta, nevertheless, in my opinion, it looks like some whales’ investors preparing the holidays by closing some big positions and some small investors buying the deep.

This week, I continued with my selling strategy on GER30 by selling 2 of my positions on GER30. I kept 2 other positions opened in order to cover a potential bigger correction.

My perspective for the end of next week are also a range (as two weeks ago), I think :
- 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.

What to follow next week?
Globally (still the same):
- WARNING !! WARNING !! Variant Delta is spreading all around Europe - French President may announce some decisions about it on Monday;
- Inflation: the rise of petrol (OIL to follow accurately) and other raw material -> It seems to stabilize, let’s wait for the data;
- The US 10 years interest rates (which could also have an impact on NSDQ100) are currently very low;
- The transaction volumes.
Day by day :
- Monday: Meeting between Eurozone finance ministers and Yellen, Macron and Johnson speech;
- Tuesday: Inflation: France, Germany and US ;
- Wednesday : UK Inflation , BoC Interest Rate Decision, US PPI, US Beige Book;
- Thursday: US initial Jobless Claim, US Philadelphia Fed Manufacturing Index, Merkel and Biden meeting in White House, OPEP monthly report;
- Friday : Eurozone Inflation, Eurozone Car Registration and US Retail Sales.

This week I decided to share the 4hour chart in order to highlight the red line (resistance) and the dark green line (support) which helps me in my decisions.

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