DAX week 28

17 lug 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, the 3 first days where an opportunity to test your patience… All is about patience in investments. A lot of investors are in holidays, thus, not much happened.
The investors remaining where focused on CPI and PPI, hoping to be able to sell there stocks at a good price before leaving in holiday.

This week, I continued with my selling strategy on GER30 by selling 5 of my positions on GER30. I kept 3 other positions opened because I am expecting a continuation in the correction on Monday morning before a rise and a continuation of the range. Whatever happened on Monday, I will always keep 2 positions for potential events.

My perspective for the end of next week are also a range, I think :
- 50%: GER30 finishes the week between 15550 and 15900;
- 20%: GER30 reaches back in the range 15412 - 15550;
- 20%: GER30 falls under 15412 and stay under it;
- 10%: GER30 falls under the green line (on the graph)
In my opinion, the red line (read my previous post) is too high to be reached at the moment.

What to follow next week?
Globally (still the same):
- Variant Delta continues to spread all around Europe;
- Inflation: the rise of petrol (OIL to follow accurately) and other raw material -> It is stabilizing at the moment;
- 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: Calm;
- Tuesday: German PPI and US Building Permits ;
- Wednesday : US Crude Oil;
- Thursday: ECB meeting (rates announcement) and US initial Jobless Claim;
- Friday : Manufacturing PMI (Germany, Eurozone, UK and US).

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