• 556 days Will The ECB Continue To Hike Rates?
  • 556 days Forbes: Aramco Remains Largest Company In The Middle East
  • 558 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 958 days Could Crypto Overtake Traditional Investment?
  • 963 days Americans Still Quitting Jobs At Record Pace
  • 965 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 968 days Is The Dollar Too Strong?
  • 968 days Big Tech Disappoints Investors on Earnings Calls
  • 969 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 971 days China Is Quietly Trying To Distance Itself From Russia
  • 971 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 975 days Crypto Investors Won Big In 2021
  • 975 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 976 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 978 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 979 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 982 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 983 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 983 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 985 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Intraday Elliott Wave Analysis For AUDUSD And German DAX

From a technical perspective I expect weaker AUD against the buck, but price is still above that 0.8882 key level that needs to be broken for a bearish case. I would love to see push down to 161.8% Fibonacci extension target to make sure that pair is forming an impulsive fall. In such case we would confirm bearish view and look for possible shorts in rest of the week.

AUDUSD 1h elliott wave analysis

AUD/USD 1-Hour Chart

If you are intraday trader on German Dax then current price action may be very interesting for you as we see price correcting up with (A)-(B)-(C) formation that represents just a temporary recovery within larger incomplete downtrend. Keep an e ye on that 9500 and 9540 figures from where sell-off may occur.

Dax30( Mar 2014) 1h elliott wave analysis

DAX 1-Hour Chart

 


Written by www.ew-forecast.com
14-Day Free Trial

 

Back to homepage

Leave a comment

Leave a comment