• 781 days Will The ECB Continue To Hike Rates?
  • 781 days Forbes: Aramco Remains Largest Company In The Middle East
  • 783 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,183 days Could Crypto Overtake Traditional Investment?
  • 1,188 days Americans Still Quitting Jobs At Record Pace
  • 1,190 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,193 days Is The Dollar Too Strong?
  • 1,193 days Big Tech Disappoints Investors on Earnings Calls
  • 1,194 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,196 days China Is Quietly Trying To Distance Itself From Russia
  • 1,196 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,200 days Crypto Investors Won Big In 2021
  • 1,200 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,201 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,203 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,204 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,207 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,208 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,208 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,210 days Are NFTs About To Take Over Gaming?
  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