We look for a bearish 5 wave Elliott wave count to be completed at 1.3668. Immediate price action to the upside has been mixed and volatile, common in corrective formations Read More
Daily Forex Market Preview, 20/06/2018
The U.S. dollar managed to turn fairly stronger on the day on Tuesday. Economic data was limited. The U.S. building permits data showed an increase of 1.30 million. This was slower than the… Read More
The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting.… Read More
Broken out of both the Ending Wedge formation and channel formation to the downside. Reverse trend line resistance is seen at 110.20. Bespoke resistance is seen at 110.10. This is our prime short entry. Read More
Daily Forex Market Preview, 19/06/2018
The U.S. dollar was seen trading mixed on Monday with a slight risk aversion putting the safe haven yen and the Swiss franc on the front foot. Economic data was relatively light on the day. The… Read More
According to the results of a study conducted on over 43 million trades worldwide from Q2 2014 through to Q1 2015, across the 15 most popular currency pairs; more than 50% of traders made money most of the time and closed out at a gain.… Read More
Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week!
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Daily Forex Market Preview, 18/06/2018
The markets opened on Monday to the news over the weekend about the U.S. President Trump announcing fresh tariffs on China. The Trump administration imposed a 25% tariff on about $50 billion on… Read More
After a busy week of central bank line ups last week, interest rate hikes and announcements of tapering the QE program, the week ahead promises to be a lot quieter despite a few central bank meetings lined up.
The Bank of England and the… Read More
In this video, besides the wave counts updates and articles follow-up, Richard is also stepping outside his comfort zone and giving a real-time example on how fundamental events affect the market and how structures become more and more… Read More