Trading the DAX Futures Today by tradeCompass

tradeCompass – DAX Futures (FDAX1!) Analysis

Current Price: 22,545 (at the time of analysis)

Key Levels and Trade Orientation

• Bullish above: 22,775 (value area just above VAH of February 19th)
• Bearish below: 22,684 (VWAP of February 19th)

At the time of analysis, price is already in bearish territory. Traders seeking entry points may consider 22,560, which is just below the value area high of today and two trading days ago.

Using tradeCompass as an Orientation Tool

This analysis provides key price levels where market participants are expected to react. Traders can use these levels to refine entries and exits according to their own strategy and timeframe.

Bullish Profit Targets for DAX Futures Today

1. 22,865 – Just below POC and VAH of February 17th
2. 23,025 – Significant resistance level
3. 23,195 – Just below the third upper standard deviation of VWAP (Feb 19th)

Bearish Profit Targets for DAX Futures Today

1. 22,360 – Just above VWAP of Friday
2. 22,252 – Just above VAH of February 12th
3. 22,145 – Another level just above VAH of February 12th
4. 22,072 – Just above VAL of February 12th
5. 21,930 – Just above VAL of February 10th
6. 21,735 – Just above VAL of February 16th
7. 21,520 – Just above key POC level of February 5th

DAX traders, do note:

• Trade the DAX at your own risk.
• This is an orientation tool to help traders understand market structure and potential reaction zones.
• Stay open to both bullish and bearish scenarios based on how price interacts with the key thresholds.

Stay tuned for more tradeCompass updates at ForexLive.com

This article was written by Itai Levitan at www.forexlive.com.