Daily Forex Analysis – May 31, 2012

by ForexCycle.com | May 31, 2012 03:17
USDCAD Analysis. Being supported by the upward trend line on 4-hour chart, USDCAD rebounds from 1.0206, suggesting that a cycle bottom has been formed, and the uptrend from 0.9799 has resumed. Further rise could be seen over...

Daily Forex Analysis – May 30, 2012

by ForexCycle.com | May 30, 2012 01:03
AUDUSD Analysis. AUDUSD is in consolidation of the downtrend from 1.0474. Range trading between 0.9689 and 0.9934 would likely be seen over the next several days. As long as 0.9934 resistance holds, one more fall towards 0.9500...

Daily Forex Analysis – May 28, 2012

by ForexCycle.com | May 28, 2012 01:51
EURUSD Analysis. EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2496. Another fall would likely be seen after a minor consolidation,...

Daily Forex Analysis – May 25, 2012

by ForexCycle.com | May 25, 2012 01:32
AUDUSD Analysis. AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0474, the rise from 0.9689 is treated as consolidation of the downtrend. As long as the trend line resistance holds,...

Position Yourself for the Rest of "Conquer the Crash"

by ForexCycle.com | May 24, 2012 01:39
By Elliott Wave International To this day, I wonder why Robert Prechter’s book Conquer the Crash has not been more widely recognized. It described in advance much of what happened in the 2008 financial crisis.

Daily Forex Analysis – May 24, 2012

by ForexCycle.com | May 24, 2012 01:37
USDJPY Analysis. USDJPY moves sideways in a range between 78.99 and 80.61. As long as 80.61 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 84.17 (Mar 15 high),...

Daily Forex Analysis – May 23, 2012

by ForexCycle.com | May 23, 2012 01:05
USDJPY Analysis. USDJPY breaks above 79.70 resistance, suggesting that lengthier consolidation of the downtrend from 84.17 (Mar 15 high) is underway. Range trading between 78.99 and 80.61 is expected in a couple o fays. Key resistance is...

How a Simple Line Can Improve Your Trading Success

by ForexCycle.com | May 22, 2012 01:36
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. You can download the 14-page eBook here.

Daily Forex Analysis – May 22, 2012

by ForexCycle.com | May 22, 2012 01:35
EURUSD Analysis. EURUSD has formed a cycle bottom at 1.2642 on 4-hour chart. Range trading between 1.2642 and 1.2900 would likely be seen in a couple of days. As long as 1.2900 resistance holds, the bounce is...