DAX Technical Analysis: Souring Risk Appetite & Rising Euro Weighing
The DAX is taking a hit on weakening appetite for stocks, globally, while the euro rallies and applies additional pressure.
The DAX is taking a hit on weakening appetite for stocks, globally, while the euro rallies and applies additional pressure.
CAC 40 tops near the mid-line of an Elliott Wave impulse. Learn what levels are key to holding a bullish view.
Implied volatility explodes off worst levels since 2014, euro rips through neckline of ‘head-and-shoulder’ top and trend-line off the September high.
The British Pound continues to trade in a directionless manner, remaining supported around the post-BoE rate hike levels that came into play earlier in November.
The combination of current sentiment and recent changes gives us a stronger AUDUSD-bearish contrarian trading bias.
GBP/JPY has spent most of November in a trend-less state; but with prices finding support at a key Fib level that had previously helped to set resistance, might we be finally nearing a trend in GBP/JPY?
Euro weakness turned on a dime in EUR/JPY, bringing with it the prospect of a re-test of Fibonacci resistance around 134.41.