Daily Forex Analysis – October 31, 2011

by ForexCycle.com | October 31, 2011 01:23
USDCHF Analysis. USDCHF stays below a downtrend line on 4-hour chart, and remains in downtrend from 0.9082. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at...

How You Can Make Yourself a Better Trader

by ForexCycle.com | October 28, 2011 23:19
By Elliott Wave International The idea of being a successful trader is exciting. The reality of becoming one is another thing. You need to understand more than the markets — you need to understand yourself.

Robert Prechter Explains The Fed, Part III

by ForexCycle.com | October 28, 2011 00:21
By Elliott Wave International This is Part III, the final part of our series "Robert Prechter Explains The Fed." (Here are Part I and Part II.)

Daily Forex Analysis – October 28, 2011

by ForexCycle.com | October 28, 2011 00:19
USDCHF Analysis. USDCHF remains in downtrend from 0.9082, and the fall extended to as low as 0.8572. Further fall could be seen after a minor consolidation, and next target would be at 0.8400 area. Key resistance is...

Daily Forex Analysis – October 27, 2011

by ForexCycle.com | October 27, 2011 01:13
AUDUSD Analysis. AUDUSD remains in uptrend, the fall from 1.0500 is treated as consolidation of uptrend. Support is now at the lower border of the price channel on 4-hour chart, as long as the channel support holds,...

Download 14 Critical Lessons Every Trader Should Know

by ForexCycle.com | October 26, 2011 01:49
Our friends at Elliott Wave International (EWI) have brought back one of their most sought-after free resources, The Best of Trader’s Classroom eBook, for two weeks only. This valuable eBook, adapted from the $189 set of the...

Daily Forex Analysis – October 26, 2011

by ForexCycle.com | October 26, 2011 01:46
USDJPY Analysis. USDJPY’s downward movement from 77.48 extended further to as low as 75.74. Key resistance is at 76.47, as long as this level holds, downtrend could be expected to continue, and next target would be at...

Daily Forex Analysis – October 25, 2011

by ForexCycle.com | October 25, 2011 00:59
USDJPY Analysis. After breaking below 75.96 previous low, USDJPY bounced from 75.81. Key resistance is now at 76.47, as long as this level holds, the bounce is treated as consolidation of downtrend from 77.48, another fall towards...

Daily Forex Analysis – October 24, 2011

by ForexCycle.com | October 24, 2011 01:05
EURUSD Analysis. EURUSD stays in a trading range between 1.3653 and 1.3914. As long as 1.3653 support holds, the price action in the range is treated as consolidation of uptrend from 1.3146, and one more rise to...

The Simple Magic of Moving Averages

by ForexCycle.com | October 21, 2011 23:10
By Elliott Wave International To a first-time observer, watching a technical analyst spot a major trend change in a financial market before it occurs can seem as mystical as pulling a rabbit out of hat. But once...