Elliott Wave Analysis on NZDUSD and German DAX

NZDUSD

NZDUSD hit 0.6440; near 261.8% from where the price turned up in the last 12 hours. We know that after wave 3) market will make a three wave reversal within wave 4), currently underway up to around 0.6590 from where a downtrend may resume next week.

NZDUSD, 4H

German DAX

German DAX extended its gains with an acceleration price action following the FOMC meeting. The index is at new highs for the month, which was expected since the start of this week, when the market found a bottom near 10480. Currently, the price is in wave 5 which may have an extended wave structure, so a bullish run can continue up to 11250 Fibonacci targets, while the price trades above 11000 level.

German DAX, 30 min

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