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DAX week 22

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 need it.

So, what happens last week?
Monday, Wallstreet and London were closed => calm day… almost nothing happen.
Tuesday, good economic news and first day of the month was the perfect cocktail for an important rise… An important rise which stopped just when it touched the red line I hi light last week.
Wednesday and Thursday were some profit taking while waiting for the series of employment data in the US. Then, as the series turn to be a series of good news for the market, the rise continued but stay under the red line waiting for the outcome of the G7 meeting which ended this Saturday.

This week, I had some selling positions on some key points, and I think I will close some of those positions next week.

My perspective for the end of next week:
- 5%: GER30 rises over the red line;
- 10%: GER30 finishes the week between the red line and 15700;
- 35%: GER30 stay under 15700 ;
- 40%: GER30 reaches back in the range 15412 - 15550;
- 10%: GER30 falls under 15412 and stay under it;

What to follow next week?
Globally (still the same):
- Indian variant is spreading all around Europe;
- Inflation: the rise of petrol (OIL to follow accurately) and other raw material;
- The US 10 years interest rates (which could also have an impact on NSDQ100);
- The transaction volumes.
Day by day :
- Monday: German Factory Orders;
- Tuesday: German Industrial Production, ZEW Economic Condition (Eurozone and Germany), Eurozone GDP, US Trade Balance;
- Wednesday: China CPI; German Trade Balance; Canada: BOC interest rates; US Crude Oil;
- Thursday: OPEC monthly report, ECB interest rates, US Core CPI & Initial Jobless Claims
- Friday: French CPI, UK Trade Balance, Russia interest rates decision, G7 opening


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
Fundamental AnalysisGER30 CFDTrend Analysis

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