Daily Forex Analysis – July 31, 2012

by ForexCycle.com | July 31, 2012 03:52
USDCAD Analysis. USDCAD continues its downward movement from 1.0230, and the fall extends to as low as 1.0003. Further decline could be expected over the next several days, and next target would be at 0.9950 area. Resistance...

Daily Forex Analysis – July 30, 2012

by ForexCycle.com | July 30, 2012 01:53
AUDUSD Analysis. AUDUSD breaks above 1.0443 previous high resistance, and continues its upward movement from 0.9581 (Jun 1 low). Further rise could be expected over the next several days, and the target would be at the upper...

Basic Elliott Video Lesson — How the Zigzag Measures Up

by ForexCycle.com | July 27, 2012 23:07
By Elliott Wave International You’re not supposed to compare apples to oranges, but I do compare apples to apples: I prefer the classically mellow taste of Red Delicious to the grassy and tart Granny Smith.

The Drop Like a Rock Scenario for U.S. Markets

by ForexCycle.com | July 27, 2012 23:02
By Elliott Wave International Financial markets always have and always will pose two basic questions that investors seek to answer: What’s the direction of the main trend? How far will it go?

Daily Forex Analysis – July 27, 2012

by ForexCycle.com | July 27, 2012 00:48
EURUSD Analysis. EURUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2042, and the fall from 1.2747 (Jun 18 high) has...

Daily Forex Analysis – July 26, 2012

by ForexCycle.com | July 26, 2012 02:07
EURUSD Analysis. EURUSD may be forming a cycle bottom at 1.2042 on 4-hour chart, further rise to test the resistance of the upper line of the downward price channel on 4-hour chart would likely be seen. As...

Daily Forex Analysis – July 25, 2012

by ForexCycle.com | July 25, 2012 03:04
AUDUSD Analysis. AUDUSD has reached the lower line of the price channel on 4-hour chart, rebound could be expected later today. Resistance is now at 1.0280, a break above this level will indicate that a cycle bottom...

Daily Forex Analysis – July 24, 2012

by ForexCycle.com | July 24, 2012 03:07
USDCAD Analysis. USDCAD remains in downtrend from 1.0445, the rise from 1.0065 is treated as consolidation of the downtrend. Further rise to test 1.0249 key resistance is possible, as long as this level holds, we’d expect downtrend...

Daily Forex Analysis – July 23, 2012

by ForexCycle.com | July 23, 2012 02:37
AUDUSD Analysis. After touching the upper border of the price channel on 4-hour chart, AUDUSD pulled back from 1.0443, suggesting that a cycle top had been formed. Further decline would likely be seen over the next several...