Wednesday 20th November

The daily chart of the DAX exhibits a neutral longer-term bias as the price consolidates between major moving averages. The index is trading close to the 50-day moving average (pink line) at 19,190.89, which is acting as a resistance level, while the 200-day moving average (green line) at 18,425.22 provides a significant support zone. Price action has recently slipped below the 50-day SMA, suggesting a potential loss of upward momentum. The Stochastic Momentum Index is currently in a low zone but has shown slight upward movement, indicating a possible bounce from oversold conditions. Immediate resistance is at 19,177.50, followed by 19,305.00 if bullish sentiment returns. Conversely, a break below 18,425.00 could expose the DAX to further downside, targeting 18,000.00 as a potential support. Traders with a neutral outlook may place a stop loss below 18,425.00 to manage downside risk while considering an upside target near the recent highs.

In the 4-hour timeframe, the short-term outlook appears bearish as the DAX has recently fallen below the 200-period moving average (green line) at 19,305.08, reinforcing downward pressure. The 50-period moving average (pink line) at 19,190.89 is also positioned above current price levels, suggesting limited upward momentum in the short term. The Stochastic Momentum Index is rising from oversold levels, indicating a potential rebound; however, with price below key moving averages, the bearish bias remains intact unless a clear breakout occurs above 19,190.00. Immediate support is seen at 18,980.00, with a secondary target at 18,800.00 if the bearish trend continues. Traders with a bearish inclination may set a stop loss above 19,190.00, with downside targets focusing on recent support levels.

Tuesday 19th November

The daily chart for the DAX shows a neutral longer-term bias, with the price oscillating around key moving averages, suggesting indecision and potential for consolidation. The price is positioned just above the 200-day (green) moving average at 18,414, providing a key support level that has held firm on previous pullbacks. Meanwhile, the 50-day (pink) moving average at 19,218 acts as a near-term resistance level. The 14-day simple moving average (SMA) has crossed below the 50-day SMA, indicating some recent weakening in momentum. The Stochastic Momentum Index (SMI) remains in a mildly negative region, suggesting lackluster momentum but no immediate threat of sharp selling pressure. Upside resistance is seen at 19,182, with an additional target at 19,304 if bullish momentum gains traction. Support at 18,414 is crucial to maintaining the current range-bound outlook, with further support at 18,018 if selling intensifies. Traders taking a neutral approach may consider targeting the range between these support and resistance levels, with a stop loss just below 18,414 to manage downside risk.

The 4-hour chart for the DAX presents a bearish short-term outlook, with the price trending below the 14-period (blue) and 50-period (pink) SMAs, indicating near-term weakness. The 200-period SMA at 19,218 acts as a significant resistance level, and price action has failed to sustain rallies above it, reinforcing the bearish sentiment. The Stochastic Momentum Index (SMI) has turned downward from a slightly overbought level, suggesting that downward momentum may resume following the recent short-lived rebound. Immediate support is found at 18,898, aligning with previous consolidation zones, and further support lies at 18,690 if bearish pressure intensifies. For traders with a bearish outlook, short positions could target these downside levels, with a recommended stop loss above 19,218 to protect against unexpected strength in the short term.

Monday 18th November

The daily chart presents a neutral longer-term bias, with the price trading near the 50-day SMA at 19,149.934, suggesting a consolidation phase. The 200-day SMA at 18,403.734 provides a significant support level, indicating that the broader uptrend remains intact, albeit in a consolidation. The Stochastic Momentum Index shows a slight upward bias from oversold levels, hinting at potential upward momentum, but the lack of strength in recent price action tempers the bullish outlook. Immediate resistance at 19,149.934 would need to be decisively broken to shift the outlook to bullish, with a further target at 19,300.483. Failure to maintain levels above the 50-day SMA could see prices testing the 200-day SMA at 18,403.734, with a further downside target at 18,018.002 if selling intensifies. Traders taking long positions might consider a stop loss slightly below 18,403.734 to manage risk in case of a breakdown.

On the 4-hour chart, the outlook is bearish, with price action below both the 50-period SMA at 19,217.062 and the 200-period SMA at 19,300.483, reflecting ongoing downward pressure in the short term. The Stochastic Momentum Index is positioned in a mid-range, showing indecision and hinting at potential for further downside if resistance levels hold. The immediate support level at 18,969.606 could act as a near-term floor, but a break below this would open the way for further declines toward 18,575.707. Conversely, a recovery above 19,217.062 might provide temporary relief, with a stronger resistance target at 19,300.483. Short positions may consider a stop loss above 19,217.062 to manage against potential upside reversals.

Friday 15th November

The daily chart indicates a neutral longer-term bias as the price has been oscillating near the 50-day moving average (pink line) around 19,130 and the 200-day moving average (green line) at approximately 18,392. This positioning suggests a lack of strong directional momentum. The recent price action has tested both the support at 18,018 and the resistance near 19,130 without a decisive break, implying consolidation. The Stochastic Momentum Index is in the lower range, suggesting that downward momentum may be losing steam, yet there are no strong signals of a reversal to the upside. If the price breaks above the 19,130 level, the next resistance stands around 20,000, while a break below 18,018 could expose downside targets near 17,700. Traders should consider a stop loss below 18,018 if taking a bullish stance.

The 4-hour chart reveals a bearish short-term outlook, with the price trending below both the 50-period moving average (pink line) at approximately 19,215 and the 200-period moving average (green line) at 18,300. This alignment suggests ongoing downward pressure, with the price recently rebounding from the support at 18,575 and facing resistance near 19,083. The Stochastic Momentum Index has moved into the mid-range, indicating that there could be a limited upside before sellers potentially reassert control. A continued move lower could see the price test support at 18,575, with further downside toward 18,300 if bearish momentum persists. Traders should place a stop loss above 19,215 to protect against an unexpected reversal to the upside.