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...
The EUR/USD pair rallied significantly during the day on Thursday, slamming into the 1.25 handle above, and then slicing through it again. I think that the market is going to continue to go to the upside, you...
If you’ve been reading my work here at FX Empire, you know that I think the area around the 0.80 level is positively crucial for the longer-term attitude of this market. It goes back to the late...
The US dollar broke down significantly during the trading session on Wednesday, slicing through what would have been significant support. The 110 level of course is structurally supportive, but it is also the 61.8% Fibonacci retracement level...
The US dollar has broken down during the trading session on Wednesday, breaking below the 1.24 handle. By doing so, it frees up the market to go much lower, perhaps down to the 1.23 level, and then...
