DAX Weekly Forecast 30 Jan - 3 Feb 2023

30 de jan. de 2023

DAX Weekly Forecast 30 Jan - 3 Feb 2023



Based on the data from VDAX we can see that currently the IV for this week is at 18.97%, equal to last week.
This can be translated in +/- 2.63% weekly movement from the open of the candle, which makes the next top/bot channel
TOP: 15466
BOT: 14673
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at
79% with the last 20 years of data
89% with data since 2022


From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
73% to touch the previous weekly high
26% to touch the previous weekly low

At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: -13% Bearish Trend
D Timeframe: +66% Bullish Trend
W Timeframe: +80% Bullish Trend


Lastly on average, based on the current percentile, we can expect that our asset is going to move:
1.87% from the open to the close candle for the bullish scenario
2.37% from the open to the close candle for the bearish scenario