Daily Forex Analysis – October 31, 2012

by ForexCycle.com | October 31, 2012 01:33
USDJPY Analysis. Being supported by the lower line of the price channel on 4-hour chart, USDJPY rebounds from 79.27, suggesting that a cycle bottom is being formed. Further rise would likely be seen and the first target...

Daily Forex Analysis – October 30, 2012

by ForexCycle.com | October 30, 2012 03:28
GBPUSD Analysis. GBPUSD failed to break above the resistance of the downward trend line from 1.6309 to 1.6178 and pulled back from 1.6143. However, one more rise to re-test the trend line resistance would likely be seen,...

Daily Forex Analysis – October 29, 2012

by ForexCycle.com | October 29, 2012 02:44
USDJPY Analysis. USDJPY breaks below 80.00 support, suggesting that a cycle top has been formed at 80.37 on 4-hour chart. Range trading between 79.25 and 80.37 would likely be seen in a couple o f days. Key...

Third Waves are "Wonders to Behold"

by ForexCycle.com | October 26, 2012 03:31
By Elliott Wave International The Elliott Wave Principle states that in financial markets, prices unfold in 5 wave patterns:

Daily Forex Analysis – October 26, 2012

by ForexCycle.com | October 26, 2012 01:57
GBPUSD Analysis. GBPUSD is facing the resistance of the downward trend line from 1.6309 to 1.6178, a clear break above the trend line resistance will indicate that the downtrend from 1.6309 had completed at 1.5913 already, then...

Daily Forex Analysis – October 23, 2012

by ForexCycle.com | October 23, 2012 01:50
EURUSD Analysis. Being contained by 1.3171 previous high resistance, EURUSD pulled back from 1.3138, suggesting that a cycle top has been formed on 4-hour chart, and lengthier consolidation of the uptrend from 1.2042 (Jul 24 low) is...

Daily Forex Analysis – October 22, 2012

by ForexCycle.com | October 22, 2012 02:43
USDCHF Analysis. USDCHF break above 0.9270 resistance, suggesting that a cycle bottom has been formed at 0.9214 on 4-hour chart, and lengthier consolidation of the downtrend from 0.9971 (Jul 24 high) is underway. Further rise would likely...