Technical Analysis Elliott Wave Forecast: DAX 40, FTSE 100 and STOXX 50 [Video]

Peter Mathers TradingLounge

EU Indices DAX 40 FTSE 100 STOXX 50 Technical Analysis Elliott Wave Forecast and Trading.
Euro Indices, are in a complicated wave (4) and to make it even trickier each subset structure is in three waves, so we are seeing groups of three waves.

Elliott Wave Analysis Wave Count:
DAX 40 Elliott Wave 3 of (5).
FTSE 100 Elliott Wave 3 of (5).
STOXX 50 Elliott Wave 3 of (5).

Video Chapters:
00:00 STOXX 50 Elliott Wave Analysis.
07:30 DAX 40 Elliott Wave Analysis.
17:00 UK100 Elliott Wave Analysis.
21:58 Thank you for watching Euro Indices Elliott Wave Analysis.

Trading tips:
"Are you willing to lose money on a trade? If not, then don't take it. You can only win if you're not afraid to lose. And you can only do that if you truly accept the risks in front of you."

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD trims gains, hovers around 1.1900 post-US data

EUR/USD trades slightly on the back foot around the 1.1900 region in a context dominated by the resurgence of some buying interest around the US Dollar on turnaround Tuesday. Looking at the US docket, Retail Sales disappointed expectations in December, while the ADP 4-Week Average came in at 6.5K.

GBP/USD comes under pressure near 1.3680

The better tone in the Greenback hurts the risk-linked complex on Tuesday, prompting GBP/USD to set aside two consecutive days of gains and trade slightly on the defensive below the 1.3700 mark. Investors, in the meantime, keep their attention on key UK data due later in the week.

Gold loses some traction, still above $5,000

Gold faces some selling pressure on Tuesday, surrendering part of its recent two-day advance although managing to keep the trade above the $5,000 mark per troy ounce. The daily pullback in the precious metal comes in response to the modest rebound in the US Dollar, while declining US Treasury yields across the curve seem to limit the downside.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.