USDJPY and German DAX Intraday: Elliott Wave Analysis

By: Gregor Horvat | Thu, Jul 16, 2015
Print Email

German DAX seems to be in fifth wave of recovery from 10637 low so seems like market could make some corrective set-back soon. But there is still room for 11900 before sellers may come in and send price down to the first gap near 11530.

DAX (Aug 2015) 1h Elliott Wave Analysis

DAX Futures(Aug 2015) 1-Hour Elliott Wave Analysis Chart

USDJPY is moving higher nicely for the last couple of days, but we see pair trading at some technical resistance here around 124.00-124.50. Notice that we can count five waves up from 120.43, while the RSI is showing a bearish divergence which suggests a bearish turn in sessions ahead, but only for a corrective set-back; big trend remains up!

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com