Home Elliott Wave Analysis German DAX and AUDUSD September 12
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Elliott Wave Analysis German DAX and AUDUSD September 12

German DAX

On German DAX we are looking lower with one more corrective pullback in the blue wave iv to unfold to around 10.463 and later with one more drop in the blue wave v to probably 123.6 or 138.2 Fibonacci support levels.

German DAX, 1H

dax-1-5

AUDUSD

AUDUSD is undergoing a nice impulsive fall from the recent highs at 0.7732 level. From there we can count almost a completed five wave sequence with a bit more downside to go. Black wave 3 should complete at a support around the 0.7490 area, that can be followed by a pullback in the black wave 4 with resistance at the 0.7555 zone.

AUDUSD, 1H

audusd-1-3

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!