Daily Forex Analysis – December 9, 2010

by ForexCycle.com | December 9, 2010 11:06
EURUSD Analysis. EURUSD formed a cycle top at 1.3437 level on 4-hour chart. Another fall to 1.3050 area is still possible later today. Resistance is at 1.3437, only break above this level could indicate that the downward...

Daily Forex Analysis – December 8, 2010

by ForexCycle.com | December 8, 2010 09:08
EURUSD Analysis. EURUSD has formed a cycle top at 1.3437 level on 4-hour chart. Drop towards 1.2969 previous low is expected in a couple of days, a break below this level will indicate that the downtrend from...

Daily Forex Analysis – December 7, 2010

by ForexCycle.com | December 7, 2010 11:02
EURUSD Analysis. After touching the downtrend line from 1.4281 to 1.3785, EURUSD pulled back from 1.3437, suggesting that a cycle top is being formed on 4-hour chart. Key resistance is now at 1.3437, as long as this...

Daily Forex Analysis – December 6, 2010

by ForexCycle.com | December 6, 2010 09:51
GBPUSD Analysis. GBPUSD has reached the upper border of the price channel on 4-hour chart. Pullback from the channel resistance would likely be seen later today. Support is at 1.5650, a breakdown below this level will indicate...

Simple Tools for Competent Trades

by ForexCycle.com | December 3, 2010 11:13
By Elliott Wave International Improve your Financial Decision-Making Skills with Guidance from EWI Chief Commodity Analyst Jeffrey Kennedy. As a high school freshman, I had a friend over to do math homework after school.  It was cold...

Daily Forex Analysis – December 3, 2010

by ForexCycle.com | December 3, 2010 11:10
GBPUSD Analysis. GBPUSD has formed a cycle bottom at 1.5484 level on 4-hour chart. Now the price action from 1.5484 is treated as consolidation of downtrend. Bounce towards the upper border of the price channel would likely...

Daily Forex Analysis – December 2, 2010

by ForexCycle.com | December 2, 2010 09:46
AUDUSD Analysis. AUDUSD may be forming a cycle bottom at 0.9537 level on 4-hour chart. Range trading between 0.9537 and 0.9700 would likely be seen in a couple of days. Support is at 0.9537, a breakdown below...

Last chance to get your Free Moving Averages eBook!

by ForexCycle.com | December 1, 2010 09:12
Due to strong demand, Robert Prechter’s Elliott Wave International (EWI) has extended the time you can get your FREE Moving Averages eBook until December 6!