International ETF Review

Germany, India, UK, China, Australia

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This article will cover Germany, India, UK, China, and Australia.

Germany (EWG) may be setting up for another uptrend. The cycle bracket renewed on 10/2 and on the pullback EWG held the May 2024 high at $32.75. It is now positioned above the 9 & 21 EMAs, telling us it is ready for another leg higher. The Slow Stochastics indicator is at a low and should start a new oscillation higher. Meanwhile RSI is above 50, signaling strength as the MACD indicator is above 0 confirming the bullish configuration. Expect EWG to test the prior high of $34.12 and perhaps make higher highs. A stop-loss order below $32.75 provides a decent risk/reward.

The Cycles Composite (blue), Energy Cycle (pink) and Seasonal Cycle (green) all point to a year end up-cycle for the German stock market from 10/11 to 11/26.