RELIANCE POWER, RELIANCE COMM LTD, ITC, ASHOK LEYLAND, CG POWER AND INDUS, YES BANK
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
It has been over four months since we last wrote about the German DAX 30. The blue chip index was trading around 12 700 following a sharp selloff from as high as 13 602
not noticed by all and while it topped out in Nov BTC started wave C down in 5 waves from the last week in Jan along with the Dow and both fell together. This week BTC is already fallen in a small 5 waves that is wave 1 of the next down trend. Hourly chart
USDJPY retraced almost 61.8% of the previous fall in wave B or 2 up. the rise is marked a-b-c, and a break of the rising channel below 108.62 would confirm start of wave 3 or C down back toward 104.50 and lower. A move above the retracement mark at 110.25 would be the key resistance for this.