Elliott wave Analysis: Dax Aiming For 12400-12530 Short-term

Good day traders!

The one thing that we should track closely is how stocks will move, especially DAX and S&P500 before predicting the next EURJPY move. Technically there is room for more upside on DAX within wave C/3 so it can help EURJYP to the upside, but maybe this can change if Dax stops at 12400-12530.

German DAX, 1H

dax, intra

EURJPY is in a temporary correction, which can stop at 130.59 and bounce higher.


eurjpy, 30min

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.