• 13 hours Tech Billionaire Takes Aim At Google
  • 15 hours Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 18 hours Expect A Pullback Before Gold's Next Major Rally
  • 20 hours Why Interest On Gold Matters
  • 1 day Ten Extravagant Food Items For The Wealthy Only
  • 2 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 2 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 3 days Is A Gold Selloff Looming?
  • 4 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 4 days Three Cannabis Trends Flying Under Investors’ Radars
  • 4 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 5 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
  • 5 days Dollar Falls As Powell Teases Rate Cuts
  • 5 days Will The World's First Trillion Dollar Company Ever Bounce Back?
  • 5 days Many Americans Will Never Stop Working
  • 6 days Mozilla vs DarkMatter: The Cyber Espionage End Game
  • 6 days Chile Cracks Down On Environmental Infractions
  • 6 days Warning Signs Emerge For Boeing
  • 6 days First Amendment Stands Strong In Trump vs. Twitter Showdown
  • 7 days Musk Bullish On Tesla Despite Executive Exodus
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDCAD And German DAX

USDCAD

USDCAD is turning sharply down right now following OIL rise above 51.00. If crude oil will keep moving higher, then USDCAD can stay down if we consider that dollar is most likely in temporary corrective weakness against EUR, CHF, GBP and others. We see a nice pattern here on USDCAD, an ending diagonal that shows first signs of a top at 1.3312, but we still need a decisive break through the lower side of a pattern before price may step into a new bearish cycle.

USDCAD, 1H

USD/CAD 1-Hour Chart


German DAX

That's a very sharp rise on DAX at the moment from 10440 so we are wondering if wave 2 pullback is already accomplished. Well, if price will close above 10600 today, then we definitely should consider further gains tomorrow, while 10511 will not get overlapped.

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