Market analysis from Tickmill
The Dax corrective pattern has played out nicely hitting the first upside objective of the descending trend line resistance +300 points, longs can take off half here and move stops to entry to play for a break of the descending trend line and look for a retest of prior cycle highs
WTI now has a clear 5th wave upside target, in this update we review the two way trading opportunities that are developing
EURUSD looks to be carving out an intraday inverse head and shoulders, in this update we review opportunities to trade the correction
NZDJPY is carving out a potential wave 3 high, in this update we identify a high probability pattern to trade for a 5th wave upside extension
USDJPY long positions from 11.30 hit target above 113, in this update we identify opportunities to reload for further upside
CADJPY appears to be carving out a wave 3 high, bulls will be watching for a three wave correction to ideally test trend line support towards 90.30 to re-engage on the long side to target a 5=1 93.50 upside objective
The DAX appears to be in the latter stages of completing an ABC Correction and looks poised to build a platform for the next leg of upside
USDCNH Breakout Analysis, looking at the current market & swing structure