• 15 hours Do Gold Stocks Still Have Upside Potential?
  • 1 day The S&P 500’s Top Companies Hold $2.5 Trillion In Debt
  • 2 days Electric Vehicle Rebound Bolsters Battery Metal Growth
  • 2 days BlackRock Makes A Run On Asian Stocks
  • 3 days Gold Prices Surge Above $1,800
  • 3 days Chinese Stocks Soar On Bullish Economic Data
  • 4 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 4 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 4 days TikTok Is Becoming A New Battleground For Tech Politics
  • 5 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 5 days Why The World Is So Divided In Its COVID-19 Response
  • 5 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 6 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 7 days Musk Takes To Twitter To Troll The SEC
  • 8 days Lunar Mining May Commence As Early As 2025
  • 8 days Immigration Will Go Bust Without $1.2B Bailout
  • 9 days The Economics Of The Space Race
  • 10 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 10 days How Much More Cash Can Uber Burn?
  • 11 days Inside The Biggest Counterfeit Gold Scandal In Recent History
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On German DAX And EURUSD

German DAX

US stocks found some resistance in the last 30mins or so, probably for a new corrective retracement which is not a surprise as we see a lot of indexes trading at the end of fifth wave moves. Here we have DAX, now turning south for a pullback, ideally back to 10550.

German DAX, 1H

DAX 1-Hour Chart


EURUSD

We see EURUSD trading in fifth wave down from 1.1300 highs, so it can be time for a new pullback in three legs, especially if we also consider that pair is trading very close to October swing low where I guess are a lot of stops, so once they are cleared market may bounce. Ideally bounce will be only temporary, wave two that can then look for a perfect resistance at 1.0990-1.1030 area.

EURUSD, 30Min

EUR/USD 30-Minuite 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