Daily Forex Analysis – May 21, 2012

by ForexCycle.com | May 21, 2012 02:02
EURUSD Analysis. Being contained by 1.2624 (Jan 13 low) support, EURUSD rebounds from 1.2642 and breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2642. Range trading between...

Daily Forex Analysis – May 18, 2012

by ForexCycle.com | May 18, 2012 02:35
USDJPY Analysis. After consolidation, USDJPY breaks below 79.43 previous low support, and continues its downward movement from 84.17 (Mar 15 high). Further decline could be expected over the next several days, and next target would be at...

14 Elliott Wave Trading Insights You Can Use Now

by ForexCycle.com | May 17, 2012 03:33
By Elliott Wave International There’s no shortage of books about trading these days, and you could read for months before you come across one that might apply to your trading style.

Daily Forex Analysis – May 17, 2012

by ForexCycle.com | May 17, 2012 03:32
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 1.2681. Another fall to test 1.2624 (Jan 13 low) support could...

Daily Forex Analysis – May 16, 2012

by ForexCycle.com | May 16, 2012 01:30
EURUSD Analysis. EURUSD’s downward movement from 1.3283 extends to as low as 1.2722. Further decline could be seen after a minor consolidation, and next target would  be at 1.2650 area. Resistance is at 1.2800, followed by the...

Daily Forex Analysis – May 15, 2012

by ForexCycle.com | May 15, 2012 02:07
USDJPY Analysis. After touching the upper line of the price channel on 4-hour chart, USDJPY pulls back from 80.18. The fall could possibly be resumption of the downtrend from 84.17 (Mar 15 high), further decline towards 78.00...

Daily Forex Analysis – May 14, 2012

by ForexCycle.com | May 14, 2012 01:59
USDJPY Analysis. USDJPY is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will signal completion of the downtrend from 84.17 (Mar 15 high), then...

Daily Forex Analysis – May 11, 2012

by ForexCycle.com | May 11, 2012 02:11
GBPUSD Analysis. GBPUSD breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise is still possible later today, and the target would be at 1.6230...

Daily Forex Analysis – May 10, 2012

by ForexCycle.com | May 10, 2012 02:36
USDJPY Analysis. USDJPY breaks below 79.63 previous low and reaches as low as 79.43, suggesting that a downtrend from 84.17 has resumed. Further decline could be expected in a couple of days, and next target would be...

Daily Forex Analysis – May 9, 2012

by ForexCycle.com | May 9, 2012 01:35
USDJPY Analysis. USDJPY moves sideways in a narrow range between 79.63 and 80.61. Resistance remains at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, downtrend could be expected...