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Intraday Elliott Wave Analysis For German DAX And EURUSD

By: Gregor Horvat | Tuesday, February 25, 2014

The Japanese yen is moving up this morning as futures contracts on US indices hit resistance. At the same time we can see mixed picture on USD which is now down against the EUR, GBP and JPY but up against the commodity currencies.

Below we have a chart of German Dax again which is moving slightly down from the highs after only three wave rally from 9500. For now that's not a big deal but break of the channel line and fall beneath 9600 will put prices down in to wave (c) of a flat correction.

German Dax (Mar 2014) 1h Elliott Wave Analysis

German Dax (Mar 2014) 1-Hour Elliott Wave Analysis Chart

The EURUSD has been very slow lately, and on the intraday chart we can see the reason why. We are tracking a triangle in progress that may send prices up to 1.3800 in this week. Ideally we will see waves d) and e) in the next 24 hours, but bias remains bullish as long as 1.3680 holds.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart


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Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of, but before that he was working for Capital Forex Group and His feature articles have been published on:,,, Action forex, Forex TV, Istockanalyst, ForexFactory,,, etc. He recently won the award on for Best Forex Analysis in 2016. At he helps clients and educate them about the Elliott wave prinicple 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.

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