Retrace waves in Elliott wave theory Furthermore, wave probes show perpendicular waves as opposed to those occurring in perceptual and perpendicular wave systems. These are the main ones: There are 2 waves and 4 waves in the impulse wave. Wave B is...
Analyzing Market Movements : Silver The analysis of silver price behavior is a topic of discussion. If the price surpasses the 29.34 level on Monday, yesterday’s dip below this range will be deemed a false breakout. The decline in the exchange rate...
USD/CAD A downward wave has now reached the line of the ascending red channel, which will likely return the price to the upward trend. This week, the price began trading within a price triangle formed by the ascending red and descending blue...
XAU/USD Forecast Greetings and Good Morning Guyd. Have a new successful trading week! This week, the US dollar again has a lot of news events. On Friday, the market of XAU/USD dropped sharply down and reached around the 2293 zone. It cannot remain...
Money Flow Index (MFI) in Forex Trading Introduction The Money Flow Index (MFI) is a powerful and versatile momentum indicator used by forex traders to gauge the strength of money flow into and out of a currency pair. Combining both price and volume...