We're flat with #DAX30 | 18 December 2020

 #NIKKEI weekly

We're flat with #DAX30

Technical observation

The commodity on the weekly chart above is trading with an increasing bearish momentum  below a resist mace line 26875, I expect this bearish movement to continue to the supportive zone 24208-24011 followed by a clear bounce within it for a momentum to the upper side. My advice, wait for the pullback to the zone mentioned above and a bounce within it to buy this commodity with your take profit at 26875 and stop loss at 22592. In case of a clear break above the line 26875 with a big green candle, you can anticipate a further surge to the upper side after of a correction to the broken line and a bounce at it.

 Trade recommendation

 Remain flat.

 

#NQ100 weekly

We're flat with #DAX30

Technical observation

 #NQ100 bounced within a zone 11102.2-10929.3 then rose up to a resistance level 12516.8. Currently, this commodity is trading below the same level with an increasing bearish bias and I expect this downwards movement to continue to the supportive zone mentioned above followed by a clear bunce within it. If you bought this commodity previously after a bounce within 11102.2-10929.3, at the level 12516.8 was the ideal place to pick your profits. Right now, wait for the pullback to the zone 11102.2-10929.3 and a bounce within it to buy #NQ100 with your take profit at 12516.8 and stop loss at 10327.7.

 Trade recommendation

 Wait for a correction to 11102.2-10929.3 to buy #NQ100.

#DAX30 weekly

We're flat with #DAX30

Technical observation

 The value of the commodity on the weekly chart above is trading below a resistance line 13471.9 with an increasing bearish momentum. However, I expect a clear penetration below the same lone with a big green candle for a momentum to the upper side. My advice, remain flat and wait for a clear breakout above the line 13471.9 with a big green candle and a correction to it to but this commodity.  In case there is no break above the resistance line mentioned above but a decline to the zone 11442.8-11313.0, re-buy #DAX30 within it after a bounce with your take profit at 13471.9 and stop loss at 10583.2.

 Trade recommendation

 Remain neutral.

Imelda Maseno
Analyst of «FreshForex» company
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