Daily Forex Analysis – January 29, 2010

by ForexCycle.com | January 29, 2010 09:37
USDCAD Analysis. USDCAD broke below the rising price channel on 4-hour chart and formed a short term cycle top at 1.0691 level. Now the price action from 1.0691 is treated as consolidation of uptrend. As long as...

Daily Forex Analysis – January 28, 2010

by ForexCycle.com | January 28, 2010 10:51
USDCAD Analysis. USDCAD breaks below the lower border of the rising price channel on 4-hour chart, suggesting that a short term cycle top is being formed at 1.0691. Range trading between 1.0550 and 1.0691 would more likely...

Daily Forex Analysis – January 27, 2010

by ForexCycle.com | January 27, 2010 11:33
EURUSD Analysis. Being contained by the falling trend line on 4-hour chart, EURUSD drops from 1.4194 level. However, sideways movement could still be seen later today and one more bounce towards1.4250 resistance is still possible. Initial support...

Daily Forex Analysis – January 26, 2010

by ForexCycle.com | January 26, 2010 10:31
AUDUSD Analysis. AUDUSD break above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 0.8982 and the fall from 0.9327 has completed. Bounce to 0.9160 area to reach...

Daily Forex Analysis – January 25, 2010

by ForexCycle.com | January 25, 2010 11:07
USDCHF Analysis. USDCHF failed to break above 1.0507 previous high resistance and pulled back from 1.0495. A short term cycle top had been formed on 4-hour chart. Sideways movement between 1.0350 and 1.0507 would more likely be...

Daily Forex Analysis – January 22, 2010

by ForexCycle.com | January 22, 2010 12:12
USDCHF Analysis. Being contained by 1.0507 previous high resistance, USDCHF pulled back from 1.0495, suggesting that a short term cycle top is being formed on 4-hour chart. Sideways movement above the rising trend line is expected in...

Daily Forex Analysis – January 21, 2010

by ForexCycle.com | January 21, 2010 09:03
GBPUSD Analysis. GBPUSD formed a short term cycle top at 1.6456 level on 4-hour chart. Range trading between 1.6210 and 1.6456 is expected later today. As long as 1.6210 key support holds, the price action from 1.6456...

New Year: New Economic Boom? Why 2010 Should Be One to Remember

by ForexCycle.com | January 20, 2010 23:45
Elliott Wave International’s latest free report puts 2010 into perspective like no other. The Most Important Investment Report You’ll Read in 2010 is a must-read for all independent-minded investors. The 13-page report is available for free download...

Daily Forex Analysis – January 20, 2010

by ForexCycle.com | January 20, 2010 11:08
USDCAD Analysis. USDCAD breaks above the falling trend line from 1.0745 to 1.0413, suggesting lengthier consolidation of downtrend is underway. Bounce to test 1.0413 resistance is now in favor. As long as this level holds, we’d expect...