• 33 mins Huawei’s Fate In The Air
  • 4 hours Tesla Slashes Prices Again
  • 6 hours The Modern History Of Financial Entropy
  • 22 hours Italy’s Central Bank Embraces Sustainable Investing
  • 1 day Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 1 day Researchers Push To Limit Space Mining
  • 1 day Could China Start Dumping U.S. Treasury Bonds?
  • 2 days Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 3 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 4 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 5 days Fake News Sinks Shares In UK-Based Bank
  • 5 days De Beers To Build $468 Million Diamond Recovery Ship
  • 5 days Moody's: Turkey Faces Possible Credit Downgrade
  • 5 days Tesla's Solar Sales Are Slipping
  • 6 days Auto Industry To Get Temporary Tariff Relief
  • 6 days Welcome To The World’s Biggest Free Trade Area
  • 6 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For German Dax And EURGBP

German DAX

German DAX made three waves of a pullback from the high which is a structure of a contra-trend price action so traders should be aware of a bounce as we see this retracement within larger uptrend. It looks like a red wave 4) so new push higher can be in the cards for a red wave 5) all the way up to 10000 area.

German DAX, 1H

German Dax 1-Hour Chart


EURGBP

I am still observing EURGBP very closely for possible shorts after a pullback which I think it's not over yet. I see broken trendline so assume that price can travel slightly higher, up to 0.7812 resistance of former wave four where it's also 50% retracement so it appears to be like an area for end of wave B).

EURGBP, 1H

EURGBP 1-Hour Chart

 


If you like our trading analysis, you can visit our site at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment