AUDUSD’s upside movement from 0.7501 extended to as high as 0.8135. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and a breakout...
GBPUSD is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 1.4345 could be treated as consolidation of the uptrend from 1.3458, and...
EURUSD broke below the bullish price channel on its 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.1915 is underway. Near term support is at 1.2364, a breakdown below this level could take price to...
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...
After consolidation, USDCAD continued its downside movement from 1.2920, and the fall extended to as low as 1.2282. The key resistance is at 1.2590. As long as this level holds, further downside movement could be seen and...
USDJPY’s downside movement from 113.75 extended to as low as 108.28. Deeper decline to test 107.31 support could be expected next week. A breakdown below this level could trigger further downside movement to 105.00 area. Resistance is...
AUDUSD extended its upside movement from 0.7501 to as high as 0.8135, breaking above 0.8124 resistance. Further rise is still possible after a minor consolidation and next target would be at 0.8250 area. The key support is...
GBPUSD extended its upside movement from 1.3027 to as high as 1.4345. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.4000, only a...
EURUSD’s upside movement from 1.1554 extended to as high as 1.2537. Further rise is still possible and next target would be at 1.2700 area. Near term support is now at 1.2350. Only a breakdown below this level...
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...
