Daily Forex Analysis – April 30, 2013

by ForexCycle.com | April 30, 2013 01:43
EURUSD Analysis. EURUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3201 had completed at 1.2955 already. Further rise to test 1.3201 resistance could be...

Daily Forex Analysis – April 29, 2013

by ForexCycle.com | April 29, 2013 03:26
EURUSD Analysis. EURUSD is facing the resistance of the upper line of  the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the fall from 1.3201 had completed at 1.2955 already,...

An urgent new resource from market technician Bob Prechter

by ForexCycle.com | April 27, 2013 02:19
On Tuesday afternoon (April 23), Robert Prechter, a famed market technician known for calling the roaring bull market of the ’80s, the 1987 crash and the March 2009 stock market low, published an urgent new issue of...

Daily Forex Analysis – April 26, 2013

by ForexCycle.com | April 26, 2013 04:00
EURUSD Analysis. EURUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel resistance holds, the downward movement...

(Video) Top 3 Technical Tools Part 2: Relative Strength Index (RSI)

by ForexCycle.com | April 25, 2013 03:24
By Elliott Wave International "There are many different forms of technical analysis. A completed Elliott wave pattern supported by additional evidence allows for more confident forecasts and higher probability trades." -Jeffrey Kennedy

Daily Forex Analysis – April 25, 2013

by ForexCycle.com | April 25, 2013 03:12
EURUSD Analysis. EURUSD’s downward movement from 1.3201 extends to as low as 1.2955. Resistance is now at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend from...

Daily Forex Analysis – April 24, 2013

by ForexCycle.com | April 24, 2013 02:51
GBPUSD Analysis. GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will suggest that the upward movement from 1.4831 had completed at 1.5411 already, then...

Daily Forex Analysis – April 23, 2013

by ForexCycle.com | April 23, 2013 02:55
USDCAD Analysis. USDCAD moves sideways in a range between 1.0203 and 1.0293. Key support is at 1.0203, as long as this level holds, the price action in the trading range could be treated as consolidation of the...

Daily Forex Analysis – April 22, 2013

by ForexCycle.com | April 22, 2013 02:14
USDCAD Analysis. USDCAD remains in uptrend from 1.0083, the fall from 1.0293 is treated as consolidation of the uptrend. Support is at 1.0200, as long as this level holds, another rise to test 1.0341 resistance is still...