Daily Forex Analysis – January 31, 2011

by ForexCycle.com | January 31, 2011 11:39
GBPUSD Analysis. GBPUSD’s bounce from 1.5751 extended to 1.5989 only, the subsequent fall suggests that lengthier sideways consolidation in a trading range between 1.5751 and 1.6058 is underway. However, as long as 1.5751 support holds, uptrend could...

What Most People Don’t Realize About The Fed’s Superpowers

by ForexCycle.com | January 28, 2011 11:31
By Elliott Wave International Since its creation in 1913, the primary intended role of the U.S. Federal Reserve Bank has been that of protector. In theory, the central bank was bestowed with the power to shape monetary...

Daily Forex Analysis – January 28, 2011

by ForexCycle.com | January 28, 2011 11:25
USDCHF Analysis. USDCHF remains in downtrend from 0.9783, the bounce from 0.9390 is treated as minor consolidation of downtrend. Range trading between 0.9390 and 0.9550 would likely be seen in a couple of days. As long as...

Daily Forex Analysis – January 27, 2011

by ForexCycle.com | January 27, 2011 11:38
USDCAD Analysis. USDCAD continues its sideways movement in a range between 0.9836 and 1.0033. As long as 1.0033 key resistance holds, the price action in the range is treated as consolidation of downtrend, and another fall towards...

Daily Forex Analysis – January 26, 2011

by ForexCycle.com | January 26, 2011 11:41
AUDUSD Analysis. AUDUSD moved sideways in a trading range between 0.9803 and 1.0076. Lengthier consolidation in the range is expected in a couple of days. Key support is at 0.9803, a breakdown below this level will indicate...

Daily Forex Analysis – January 25, 2011

by ForexCycle.com | January 25, 2011 09:48
AUDUSD Analysis. AUDUSD stays in a trading range between 0.9803 and 1.0076. The price action in the trading range is more likely consolidation of downtrend from 1.0255. As long as 1.0076 resistance holds, downtrend could be expected...

Daily Forex Analysis – January 24, 2011

by ForexCycle.com | January 24, 2011 11:01
AUDUSD Analysis. Being supported by 0.9803, AUDUSD rebounded from 0.9832, however, another fall to re-test 0.9803 support is still possible later today, a breakdown below this level could trigger deeper decline to 0.9600 area. Resistance is at...

Basic Wave Patterns: How a Zigzag Differs from a Flat

by ForexCycle.com | January 22, 2011 11:44
By Elliott Wave International The big picture for Elliott wave analysis is five-wave patterns followed by three-wave patterns.  Let’s look at the three-wave corrections more closely to get a bead on how they differ from one another....

Daily Forex Analysis – January 21, 2011

by ForexCycle.com | January 21, 2011 11:10
EURUSD Analysis. EURUSD remains in uptrend from 1.2874, the pullback from 1.3537 is treated as consolidation of uptrend. Deeper decline to 1.3300-1.3350 area to reach next cycle bottom on 4-hour chart is possible later today. Key support...

How a Simple Line Can Improve Your Trading Success

by ForexCycle.com | January 20, 2011 11:51
By Elliott Wave International The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download...