• 2 hours Newmont Mining Teases Investors With Special Dividend
  • 5 hours Central Banks Double Down On Gold
  • 7 hours Don't Write Off Cryptocurrencies Just Yet
  • 23 hours Trade In Counterfeit Goods Hits Half A Trillion Dollars
  • 1 day Tesla Struggles To Compete In European Market
  • 2 days China: The New King Of Caviar
  • 2 days Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 3 days Can The British Pound Overcome Brexit?
  • 3 days Is A Gold Breakout Near?
  • 4 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 4 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 4 days The Feds Continue To Prop Up Equities Markets
  • 4 days Bejing's Sway In South China Sea Is Fading
  • 5 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 5 days Airbnb In Acquisition Mode Ahead Of IPO
  • 5 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 5 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 6 days Putin Signs “Digital Iron Curtain” Into Law
  • 6 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 6 days Tesla Looks To Jump Into Indian Market
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDCAD And German DAX

USDCAD

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.

USDCAD, 1H

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