German DAX: Broken Channel Line Suggest More Upside, Ideally Towards 10520


German DAX is  showing a bullish pattern which is supportive for USDJPY as well. We see a continuation pattern back to 10520 after recent bounce from 10261 followed by a current push out of a downward channel. As such, it appears that more gains may follow in sessions ahead, while 10318 support is in place.

Are you wondering where is DAX headed in long-term, or maybe Gold or S&P500? We have special updates on global markets for active traders. For more details, click HERE

Gerdax 15man DAX, 1H


Previous articleBTCUSD Price Technical Analysis – Wait for a Pullback!
Next articleDaily Stocks Update: US Equities Advance Despite Apple, Twitter Miss – Apr 27, 2016
Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.