Daily Forex Analysis – March 30, 2012

by ForexCycle.com | March 30, 2012 03:56
AUDUSD Analysis. AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0855, the rise from 1.0304 is treated as consolidation of the downtrend. Resistance is at the trend line, as long...

Daily Forex Analysis – March 29, 2012

by ForexCycle.com | March 29, 2012 01:27
GBPUSD Analysis. After touching 1.5991 previous high resistance, GBPUSD pulled back from 1.6000, suggesting that a cycle top is being formed on 4-hour chart. Initial support is at the lower line of the price channel, and the...

Daily Forex Analysis – March 28, 2012

by ForexCycle.com | March 28, 2012 01:34
USDCAD Analysis. USDCAD stays in a trading range between 0.9841 and 1.0050. As long as 1.0050 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0422 (Dec 14, 2011...

Daily Forex Analysis – March 27, 2012

by ForexCycle.com | March 27, 2012 01:23
AUDUSD Analysis. AUDUSD is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend line will suggest that lengthier consolidation of the downtrend from 1.0855 is underway, then range trading...

Daily Forex Analysis – March 26, 2012

by ForexCycle.com | March 26, 2012 02:54
GBPUSD Analysis. GBPUSD’s upward movement had completed at 1.5922. Another fall would likely be seen later today. Support is at 1.5770, a breakdown below this level could signal resumption of the longer term downtrend from 1.5991, then...

What All Major Depressions Have in Common

by ForexCycle.com | March 24, 2012 03:17
By Elliott Wave International Deflation requires a precondition: a major societal buildup in the extension of credit (and its flip side, the assumption of debt). — Conquer the Crash, 2nd edition (p. 88)

Daily Forex Analysis – March 23, 2012

by ForexCycle.com | March 23, 2012 02:18
EURUSD Analysis. Being contained by 1.3290 resistance, EURUSD pulled back from 1.3284, suggesting that a cycle top is being formed on 4-hour chart. Further decline would likely be seen later today, and next target would be at...

Daily Forex Analysis – March 22, 2012

by ForexCycle.com | March 22, 2012 01:18
USDJPY Analysis. USDJPY moves sideways below 84.17. The sideways movement is likely consolidation of the uptrend from 76.02. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support...

Daily Forex Analysis – March 21, 2012

by ForexCycle.com | March 21, 2012 01:40
GBPUSD Analysis. GBPUSD remains in short term uptrend from 1.5602, the pullback from 1.5913 is likely consolidation of the uptrend. Support level is at 1.5800, as long as this level holds, uptrend could be expected to resume,...

Are the Efforts of the World Central Banks Working?

by ForexCycle.com | March 20, 2012 02:04
By Elliott Wave International The Fed is not the world’s only central bank dealing with debt. Watch as Steve Hochberg, EWI’s chief market analyst, shows what has happened to GDP in countries around the world as other...