Daily Forex Analysis – July 31, 2009

by ForexCycle.com | July 31, 2009 03:50
USDCAD Analysis. After breaking below 1.0784 previous low, USDCAD trades in a narrow range between 1.0749 and 1.0933. The price action in the trading range is more likely consolidation of downtrend form 1.1723, further fall to 1.0500...

Daily Forex Analysis – July 30, 2009

by ForexCycle.com | July 30, 2009 03:57
AUDUSD Analysis. AUDUSD has formed a short term cycle top at 0.8337 level on 4-hour chart. Range trading between 0.8089 and 0.8337 is expected in a couple of days. However, the fall from 0.8337 could possibly be...

Daily Forex Analysis – July 29, 2009

by ForexCycle.com | July 29, 2009 02:16
USDJPY Analysis. USDJPY remains in short term uptrend from 91.73, the price action from 94.78 is more likely consolidation of uptrend. Near term support is now at the lower border of the rising price channel on 4-hour...

Daily Forex Analysis – July 28, 2009

by ForexCycle.com | July 28, 2009 01:18
GBPUSD Analysis. GBPUSD is forming a short term cycle top at 1.6583 level on 4-hour chart. Key support is now at 1.6381, a break below this level will confirm the cycle top, then deeper decline could be...

Daily Forex Analysis – July 27, 2009

by ForexCycle.com | July 27, 2009 01:38
AUDUSD Analysis. AUDUSD remains in uptrend from 0.7703 and the price action in the trading range between 0.8089 and 0.8221 is more likely consolidation of uptrend. As long as 0.8089 support holds, we would expect uptrend to...

Daily Forex Analysis – July 24, 2009

by ForexCycle.com | July 24, 2009 01:08
USDCAD Analysis. USDCAD remains in downtrend from 1.1723 and the fall extends further to as low as 1.0840 level. Deeper decline is still in favor and next target is to test 1.0784 previous low support. Near term...

Download for free now: 14 Critical Lessons’Every Trader Should Know

by ForexCycle.com | July 23, 2009 03:51
Our friends over at Elliott Wave International have outdone themselves yet again. EWI has released a brand-new eBook called The Best of Trader’s Classroom, which takes the very best lessons from their popular — and expensive —...

Daily Forex Analysis – July 23, 2009

by ForexCycle.com | July 23, 2009 03:28
EURUSD Analysis. EURUSD might be forming a short term cycle top at 1.4277 level on 4-hour chart. Key support is now located at 1.4156, a break down below this level will confirm the cycle top and indicate...

Daily Forex Analysis – July 22, 2009

by ForexCycle.com | July 22, 2009 01:18
USDJPY Analysis. USDJPY is testing the key support at 93.25, a break below this level will indicate that a short term cycle top has been formed at 94.78 level on 4-hour chart, and the rebound from 91.73...