AUDUSD continues to trend higher inside its ascending channel pattern on the 4-hour time frame. Price is currently testing the channel support and might be due for a bounce to the top. The 100 SMA is above...
EURUSD has been trending higher over the past few weeks and is currently above a steep rising trend line on its 1-hour chart. Price is bouncing off this support zone, which lines up with the 50% Fibonacci...
USDJPY has been moving back and forth inside a range with support at the 109.00 major psychological level and resistance at 114.00. Price is currently testing support and might be due for another bounce back to the...
GBPJPY is trending higher and looks ready for a test of its ascending channel support. Applying the Fib tool on the latest swing low and high shows that the 61.8% level lines up with support at the...
The Elliott wave Theory is a form of Technical analysis that traders use to analyse the market and forecast the trend and we will explain how we use it for One Market Concept. The Theory was developed...
GBPUSD Short Term Elliott Wave view suggests that pair ended Intermediate wave (2) at 1.33 on 16 December 2017. Up from there, Intermediate wave (3) rally is unfolding as 5 waves impulse Elliott Wave structure where Minor wave 1 ended at...
USDCAD recently broke to the downside of its symmetrical triangle formation and fell to a low of 1.2240. Price has bounced since then and appears to be making a correction to the broken support around 1.2420. Applying...
The US dollar has broken down significantly over the last couple of sessions, and Thursday so more selling pressure. The market looks likely to continue to go towards the 100% Fibonacci retracement level, which is closer to...
The US dollar fell again during the trading session on Thursday, breaking down below the 1.23 handle. However, we have bounced from there, and it looks likely that we are going to try to get a bit...
The British pound rallied a bit during the trading session on Thursday, but slow down as far as the rate of climb is concerned. The market should continue to find buyers underneath, and I think that while...
