• 7 hours Italy’s Central Bank Embraces Sustainable Investing
  • 10 hours Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 13 hours Researchers Push To Limit Space Mining
  • 15 hours Could China Start Dumping U.S. Treasury Bonds?
  • 1 day Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 2 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 3 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 4 days Fake News Sinks Shares In UK-Based Bank
  • 4 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
  • 5 days Auto Industry To Get Temporary Tariff Relief
  • 5 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
  • 6 days U.S.-China Impasse Threatens Rare Earth Trade
  • 6 days Wall Street Bears $1 Trillion Brunt Of Trade War
  • 6 days Mobile Sports Betting Isn’t Quite Minting Millionaires Just Yet
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On German DAX And EURAUD

German DAX

As expected, technicals won again! German Dax is trading sharply lower following ECB press conference, about we warned you earlier based on a five wave rise from start of September. Market is now in a sharp drop so we think that weakness will stay in play for few more sessions as reversal from the top should be made by minimum three legs.

German DAX, 30Min

DAX 30-Minute Chart


EURAUD

EURAUD found some support again at 61.8% from where market bounce sharply to the upside, which can be start of an impulsive bullish trend. However, it's too soon for a trend change for now, as we need to see a daily close price first. Further strength towards 1.3750 or higher would be nice and strong evidence that lows are in. In that case we would consider entries on pullback.

EURAUD, 1H

EUR/USD 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment