How To Tell a Good Forecast from a Bad One

by ForexCycle.com | March 7, 2009 00:33
Here’s a forecast for you. Clear and direct. As quoted by a Reuters reporter in his January 15, 2009, article, entitled, "Global Lending Thaw May Yet Return to Deep Freeze."

Daily Forex Analysis – March 6, 2009

by ForexCycle.com | March 6, 2009 09:52
USDJPY Analysis. USDJPY pulls back sharply from 99.67 level. Moving sideways in a range between 96.84 and 99.67 could be seen in next several days. However, the price action from 98.70 is treated as consolidation of the...

Daily Forex Analysis – March 5, 2009

by ForexCycle.com | March 5, 2009 09:38
USDCAD Analysis. Being contained by the long term key resistance at 1.3015 (Oct 28, 2008 high), USDCAD pulls back from 1.2973, suggesting that a short term cycle top has been formed. Consolidation in a range between 1.2500...

Daily Forex Analysis – March 4, 2009

by ForexCycle.com | March 4, 2009 09:06
EURUSD Analysis. EURUSD breaks below 1.2512 previous low support, suggesting that the short term downtrend from 1.2898 is underway. Deeper decline is expected to 1.2400 zone in a couple of day. Near term resistance is at the...

Daily Forex Analysis – March 3, 2009

by ForexCycle.com | March 3, 2009 10:03
USDJPY Analysis. USDJPY is in consolidation of the medium term uptrend from 87.12 (Jan 21 low). Moving sideways in a range between 96.35 and 98.70 is expected in a couple of days. Further rally is still possible...

Daily Forex Analysis – March 2, 2009

by ForexCycle.com | March 2, 2009 10:17
EURUSD Analysis. EURUSD stays in a trading range between 1.2512 and 1.2991. The fall from 1.2991 could possibly be resumption of the medium term downtrend from 1.4719 (Dec 18, 2008 high). Deeper decline would more likely be...