Daily Forex Analysis – January 31, 2012

by ForexCycle.com | January 31, 2012 01:46
EURUSD Analysis. After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target...

Daily Forex Analysis – January 30, 2012

by ForexCycle.com | January 30, 2012 03:11
AUDUSD Analysis. Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel...

Technical Indicators: A Love-Hate Relationship

by ForexCycle.com | January 28, 2012 14:51
By Elliott Wave International Trading using technical indicators — such as the MACD, for example — can do one of two things: help you or hurt you. Elliott Wave International’s Jeffrey Kennedy explains what he loves and...

Credit Crisis: Are We Set Up for The Perfect Storm?

by ForexCycle.com | January 27, 2012 03:26
By Elliott Wave International In this video clip, taken from Robert Prechter’s interview with The Mind of Money, Prechter and host Douglass Lodmell discuss "real" money vs the FIAT money system, and what is backing your dollars...

Daily Forex Analysis – January 27, 2012

by ForexCycle.com | January 27, 2012 03:21
USDCHF Analysis. USDCHF’s downward movement from 0.9594 extended to as low as 0.9156. Resistance is now at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to...

Daily Forex Analysis – January 25, 2012

by ForexCycle.com | January 25, 2012 02:18
USDJPY Analysis. USDJPY broke above 77.32 resistance, and reached as high as 77.84, suggesting that the downtrend from 78.21 had completed at 76.55 already. Further rise could be expected after a minor consolidation, and next target would...

Daily Forex Analysis – January 24, 2012

by ForexCycle.com | January 24, 2012 01:42
USDJPY Analysis. USDJPY is forming a sideways consolidation in a range between 76.55 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above...

Daily Forex Analysis – January 23, 2012

by ForexCycle.com | January 23, 2012 03:54
USDCHF Analysis. USDCHF failed to break below 0.9304 support and rebounded from 0.9305 last Friday, however, another fall to re-test this support is still possible later today, a breakdown below it will suggest that the uptrend from...

Daily Forex Analysis – January 20, 2012

by ForexCycle.com | January 20, 2012 03:30
AUDUSD Analysis. AUDUSD remains in uptrend from 0.9861, the price action from 1.0448 is treated as consolidation of uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as this channel...