"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 8 hours Millennials Are Waiting For A $30T Inheritance That Might Not Come
  • 9 hours Is This the Tipping Point for American Credit Card Debt?
  • 10 hours Tech Icon Predicts A Big Future For Ethereum
  • 11 hours Apple Doubles Down On Data Privacy
  • 12 hours Where To Look As The Treasury Bond Bull Run Loses Steam
  • 13 hours The Tech Giants Poised For A Breakout
  • 15 hours The U.S. Dollar Is Set To Continue Its Rally
  • 16 hours Bitcoin Plummets On Price Manipulation Investigation
  • 1 day The Multi-Billion-Dollar Business Of Influence Peddling
  • 1 day Goldman Backed ‘Stablecoin’ Hopes To Curb Crypto Volatility
  • 1 day Consumers Lost $1.6M To Crypto Fraud In Australia
  • 1 day Facebook May Soon Become A Paid Service
  • 2 days How Far Can Gold Prices Fall?
  • 2 days The Battle For Shkreli's $2 Million Wu-Tang Record
  • 2 days The Bitcoin Miner Eyeing A $1 Billion IPO
  • 2 days China’s Social Credit Score Blacklists Travelers For Bad Behavior
  • 2 days Micron Soars On $10-Billion Share Buyback
  • 2 days Nearly Half Of All Americans Are Struggling Financially
  • 2 days Could Crypto Solve The Middle East’s Currency Crisis?
  • 3 days The Biggest Hurdle For The Buffett-Bezos Healthcare Plan
The Tech Giants Poised For A Breakout

The Tech Giants Poised For A Breakout

Bullish sentiment seems to have…

The Five Most Important Market Indicators

The Five Most Important Market Indicators

Stock markets can be overwhelming…

PayPal’s Latest Acquisition Has Competitors On Edge

PayPal’s Latest Acquisition Has Competitors On Edge

PayPal’s latest acquisition allows the…

Elliott Wave Analysis On USDCAD And German DAX

USDCAD

USDCAD is not showing clear signs of an impulsive recovery, but it can still be a five wave move, thus a motive wave like a leading diagonal maybe. Currently there is a small retracement back down to a red support line connected from the lows that can become a new base in this red wave 4). We think that there is more gains in play for USDCAD, towards 1.1260 and then to 1.3296, despicably if crude oil will continue to weaken.

USDCAD, 1H

USD/CAD 1-Hour Chart


German DAX

German DAX recovered nicely since mid-February up to 10150 area which we see it as a five wave move, despite an overlapping price action. It can be a leading diagonal in first wave of a new bullish cycle that should resume after corrective retracement. Well, we can already see a nice pullback here to 9700 but based on a double zigzag view we expect to see move close to 0.9400 area where bounce could happen later this week.

German DAX, 4H

German Dax 4-Hour Chart

 


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

 

Back to homepage

Leave a comment

Leave a comment