Daily Forex Analysis – January 20, 2011

by ForexCycle.com | January 20, 2011 11:47
GBPUSD Analysis. GBPUSD may be forming a cycle bottom at 1.6058 level on 4-hour chart. Consolidation in  a range between 1.5800 and 1.6058 would likely be seen in a couple of days. As long as 1.5800 level...

Daily Forex Analysis – January 18, 2011

by ForexCycle.com | January 18, 2011 10:35
EURUSD Analysis. Being contained by 1.3497 resistance, EURUSD pulled back from 1.3456, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.3200 and 1.3456 is expected in a couple of days. However,...

Daily Forex Analysis – January 17, 2011

by ForexCycle.com | January 17, 2011 10:33
EURUSD Analysis. EURUSD’s upward move from 1.2874 extended to as high as 1.3456 last week. Support is at 1.3300, as long as this level holds, one more rise to test 1.3497 resistance is still possible, a break...

Understanding the Federal Reserve Bank

by ForexCycle.com | January 14, 2011 12:08
By Elliott Wave International Despite so much focus on the policies of the Fed, its operations remain somewhat of a mystery to most investors — in no smaller measure, due to their complexity. So, we put together...

Daily Forex Analysis – January 14, 2011

by ForexCycle.com | January 14, 2011 11:20
EURUSD Analysis. EURUSD bounced strongly to as high as 1.3383 level. The price action from 1.2969 (Nov 30, 2010 low) is likely consolidation of longer term downtrend from 1.4281 (Nov 4, 2010 high). Further rise towards 1.3497...

Daily Forex Analysis – January 13, 2011

by ForexCycle.com | January 13, 2011 10:41
USDCHF Analysis. USDCHF may be forming a cycle top at 0.9783 level on 4-hour chart. Key support is at 0.9604, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.9300...

Daily Forex Analysis – January 12, 2011

by ForexCycle.com | January 12, 2011 09:47
AUDUSD Analysis. AUDUSD continues its downward movement from 1.0255 and the fall extended to as low as 0.9803 level. Deeper decline is still possible in a couple of days and next target would be at 0.9700-0.9750 area....

Daily Forex Analysis – January 11, 2011

by ForexCycle.com | January 11, 2011 10:57
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0255 and the fall extends to as low as 0.9856 level. Deeper decline is still possible in a couple of days and next target would be at 0.9700-0.9750 area. Resistance...

Daily Forex Analysis – January 10, 2011

by ForexCycle.com | January 10, 2011 09:56
EURUSD Analysis. EURUSD’s downward movement extends to as low as 1.2885 level. Deeper decline is still possible later today and next target would be at 1.2750 area. Initial resistance is at 1.3025, only break above this level...