Daily Forex Analysis – October 8, 2010

by ForexCycle.com | October 8, 2010 10:06
EURUSD Analysis. EURUSD continues its bullish movement from 1.2643 and reached as high as 1.4029, and the subsequent pullback is treated as consolidation of uptrend. Support remains at the rising uptrend line on 4-hour chart, now at...

Daily Forex Analysis – October 7, 2010

by ForexCycle.com | October 7, 2010 10:42
GBPUSD Analysis. GBPUSD stays in a rising price channel and remains in uptrend from 1.5296. Further rise to test 1.5997 (Aug 6 high) resistance would more likely be seen. Support is at the lower border of the...

Daily Forex Analysis – October 6, 2010

by ForexCycle.com | October 6, 2010 10:40
AUDUSD Analysis. AUDUSD remains in uptrend from 0.8771 and the price action from 0.9749 is more likely consolidation of uptrend. Support is now at 0.9541, as long as this level holds, uptrend is expected to continue and...

Video (Part 3): Prechter – Investing in Extreme Markets

by ForexCycle.com | October 5, 2010 11:33
(Note: This interview was originally recorded on September 20, 2010) In the video below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about a technical pattern he sees forming in the...

Daily Forex Analysis – October 5, 2010

by ForexCycle.com | October 5, 2010 11:27
GBPUSD Analysis. After breaking below the lower border of the price channel on 4-hour chart, GBPUSD moved sideways in a range between 1.5669 and 1.5921. The price action in the trading range is more likely consolidation of...

Daily Forex Analysis – October 4, 2010

by ForexCycle.com | October 4, 2010 08:24
GBPUSD Analysis. After touching the lower border of the rising price channel on 4-hour chart, GBPUSD rebounded from 1.5669. Range trading between 1.5669 and 1.5921 is expected in a couple of days. As long as 1.5669 support...

Video (Part 2): Prechter: Ominous Pattern in the DJIA

by ForexCycle.com | October 1, 2010 08:27
(Note: This interview was originally recorded on September 20, 2010) In the video below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about a technical pattern he sees forming in the...

Daily Forex Analysis – October 1, 2010

by ForexCycle.com | October 1, 2010 08:23
USDCHF Analysis. USDCHF stays below a falling trend line from 1.0624 to 1.0277 and remains in downtrend. As long as the trend line resistance holds, downtrend from 1.1730 (Jun 1 high) is expected to continue and another...