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

  • 14 hours Why Are Investors Overlooking Gold Stocks?
  • 15 hours The App That Democratized Trading Is Now Worth $5B
  • 16 hours Super-Cycles: Why Gold Is Set For A Breakout
  • 17 hours U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 18 hours Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 19 hours How Low Can Bitcoin Go?
  • 20 hours Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 22 hours Is Barrick Gold Close To Finding A Bottom?
  • 2 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 2 days China: The Land Of The Ultra-Rich
  • 2 days Alibaba Soars On Reports Of China Listing
  • 2 days What Killed Toys ‘R’ Us?
  • 2 days SEC And IRS Take An Aggressive Stance On Cryptocurrencies
  • 2 days Bears And Bulls Face Off In Gold Markets
  • 2 days Bitcoin Is Winning Over The Housing Market
  • 2 days Markets Slide Sideways As Trade War Fears Linger
  • 3 days Why Aren’t Millennials Investing?
  • 3 days Bitcoin And Banking: The Next Mobile Payment Revolution
  • 3 days SEC Cracks Down On Silicon Valley’s “Disruptive Tech”
  • 3 days Wyoming Eliminates All Taxation On Gold And Silver
Gregor Horvat

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…

More Info

Elliott Wave Analysis On USDCAD And German DAX


USDCAD moved higher and reached a new high near 1.3300 area from where pair lost nearly 100 pips after US and CAD data releases. So far, our ending diagonal that we talked about two days back, looks fine for now, but still needs to break below trendline support before we can make sure that top has been reached. Definitely it's too soon to turn bearish here.


USD/CAD 1-Hour Chart

German DAX

German DAX came lower earlier today and tested that important 10470/90 area twice. We have seen some upward reaction from there, but not enough strong to confirm a completed wave 2. Based on latest structure, we see idea of a flat correction with an ending diagonal in wave c, which can look for a support then at 10400-10430 area, maybe next week when we will expect a resumption of an uptrend.

German DAX, 30Min

DAX 30-Minute Chart


Interested in our services? We have a Special Offer: Get 14 Days 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

Sign Up For The Safehaven Newsletter