Dax closed friday 22nd sept at 12590. Elections in progress.
Forecast: sideways 12800/12300 area, higher volatility.
Prices will move irregularly to reach:
12770 (sell)
12440 12410/12310 area (possibility to drop to 12220/12020-11920)
Weekly support: 12100, main support: 11900
Further details, information, operative strategies available on request.
Targets: 1.2030, further at 1.2220 area. Retracements down to 1.1770/1.1740 and 1.1470/1.1370. Weekly support: 1.13 Long positions will be closed on targets: 1.2030 (for 3/4) then 1.2220 Short: half position at 1.2030, adding further half position at 1.2220 stop above 1.2330 weekly close; profits on targets: 1.1930, 1.1770/1.1740 (then trailing stop) Pls note…
Bitcoin/Euro reached 4185 on 3rd sept, then moved down to 3568. We forecast irregular action in range 4200/3000 for next few days. Another move up to 4000/4200 is needed. Retracements will bring prices down to 3350/ and 3200/3100. To obtain targets and forecast on larger movements plus updates please go to our Cryptocurrencies report.