USDCAD and German DAX Elliott Wave Analysis
Stock-Markets / Financial Markets 2015 Feb 12, 2015 - 01:15 PM GMTUSDCAD has turned nicely lowest recently, and seems like top for wave B) could already be in place. We however need a five wave decline from 1.2696 to confirm a change in trend. If market will stay bearish today and close somewhere beneath or around 1.2500 then we could be considering shorts soon.
USDCAD 1h Elliott Wave Analysis
Stocks are higher today with DAX nearly 200 points higher. Notice market found bullish momentum after a broken trendline which now confirms end of wave 4. Current leg is also very strong today so we believe that price is in wave (iii) of 5 that will be targeting new highs, possibly even 11100 -11200 area in sessions ahead.
DAX (Mar 2015) 1h Elliott Wave Analysis
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Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders.
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