• 9 hours Facebook Scrubs Over 2 Billion Fake Accounts
  • 15 hours Dow Scrambles To Avoid Fifth Straight Weekly Loss
  • 1 day Is This The World’s First Truly Democratic Stock Exchange?
  • 1 day India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 2 days First Quarter Profits Slip For World's Top Oil Companies
  • 2 days The Yuan May Be China's Biggest Weakness
  • 2 days Hedge Funds Having A Banner Year
  • 2 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 3 days BHP Turns Bullish On EVs
  • 3 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 3 days The $90M Inflatable Rabbit Redefining Modern Art
  • 3 days Huawei’s Fate In The Air
  • 4 days Tesla Slashes Prices Again
  • 4 days The Modern History Of Financial Entropy
  • 4 days Italy’s Central Bank Embraces Sustainable Investing
  • 4 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 5 days Researchers Push To Limit Space Mining
  • 5 days Could China Start Dumping U.S. Treasury Bonds?
  • 5 days Is Winter Coming For HBO?
  • 6 days Rise Of EVs Signals Peak Gasoline
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 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