Elliott Wave Analysis: S&P500, German DAX and USDJPY 

Intraday eurusd

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Elliott Wave Analysis: S&P500, German DAX and USDJPY

US stocks markets remains in strong uptrend, with E-mini S&P500 trading around 2490 level while DAX is around 12500. There is room for higher prices on both markets; looking up to 2495 on E-mini S&P500 from current sub-wave four, and up to 12570-12600 on DAX to complete red wave 3).

S&P500, 30Min

intraday SP500 analysis

German DAX, 1H

intraday german dax

More gains on stocks also means more upside for XXX/JPY pairs, so its not a surprise to see USDJPY 240 pips away from its lows. Its an impulsive recovery that can continue to 110.15 in the very near-term.


intraday usdjpy sep 12 2017


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



By Gregor Horvat

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