Daily Forex Analysis – November 6, 2012

by ForexCycle.com | November 6, 2012 02:05
USDJPY Analysis. USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 77.43, the fall from 80.67 is likely consolidation of the uptrend. Support is at the lower line of the price...

Daily Forex Analysis – November 5, 2012

by ForexCycle.com | November 5, 2012 02:17
USDJPY Analysis. USDJPY broke above 80.37 resistance and reached as high as 80.67 last Friday, suggesting that the uptrend from 77.43 has resumed. Further rise could be expected and next target would be at 81.00 area. Initial...

Moving Averages and the Wave Principle

by ForexCycle.com | November 3, 2012 00:25
By Elliott Wave International Moving averages are one of the most widely-used methods of technical analysis because they are simple to use, and they work. Among Elliott wave traders, you will likely find an especially high percentage...

Daily Forex Analysis – November 2, 2012

by ForexCycle.com | November 2, 2012 02:45
USDJPY Analysis. USDJPY is facing 80.37 previous high resistance, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 82.00 could be expected. Support remains at the lower line...

Daily Forex Analysis – November 1, 2012

by ForexCycle.com | November 1, 2012 03:19
USDJPY Analysis. USDJPY has formed a cycle bottom at 79.27 on 4-hour chart. Further rise to test 80.37 previous high resistance could be expected, a break above this level will indicate that the uptrend from 77.43 has...