DAX30 Pivot Points

By Biznes-Broker | Analysis of the financial markets | 4 Aug 2021

German DAX index

A clear stoppage in a narrow range, similar to gold, may be an expectation for today's macroeconomic data. It is worth looking into the gold analysis to see which data is involved.

Pivot Points
Daily R3 15740
Daily R2 15670
Daily R1 15630

Daily PP 15560

Daily S1 15510
Daily S2 15450
Daily S3 15400

Going over the 15500 level will give us an open road to the Daily S3 because breaking the psychological level usually happens quite intensively. Yesterday it failed because at this price there were huge packages of contract orders in the order book. Someone has put a lot of money on the rebound, if at the set levels there will be no willing to make large transactions, the price will easily break the Daily R3 level.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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