Daily Forex Analysis – June 28, 2013

by ForexCycle.com | June 27, 2013 23:56
USDCAD Analysis. USDCAD remains in uptrend from 1.0137, the fall from 1.0556 is likely consolidation of the uptrend. Another rise towards 1.0600 is still possible after consolidation, and a break above 1.0556 resistance could signal resumption of...

Daily Forex Analysis – June 27, 2013

by ForexCycle.com | June 27, 2013 03:14
USDJPY Analysis. USDJPY continues its sideways movement in a range between 96.86 and 98.70. Key support is located at 96.86, as long as this level holds, the price action in the range could be treated as consolidation...

Daily Forex Analysis – June 26, 2013

by ForexCycle.com | June 26, 2013 03:23
USDJPY Analysis. USDJPY traded in a narrow range between 96.86 and 98.70. The price action in the range is likely consolidation of the uptrend from 93.79. Further rise would likely be seen after consolidation, and next target...

Stunning Chart Shows Gold and Silver Defy Bulls’ Optimism

by ForexCycle.com | June 25, 2013 01:37
<>By Elliott Wave International</> Gold and silver have been all over the financial news. On Thursday, June 20, silver fell below $20 (-60% from 2011 high), and gold fell below $1300 (-30% from 2011 high).

Daily Forex Analysis – June 25, 2013

by ForexCycle.com | June 25, 2013 01:35
USDJPY Analysis. USDJPY remains in uptrend from 93.79, the fall from 98.70 is likely minor consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 100.00 area. Support is at...

Daily Forex Analysis – June 24, 2013

by ForexCycle.com | June 24, 2013 02:59
USDJPY Analysis. USDJPY’s upward movement from 93.79 extends to as high as 98.56. Further rise would likely be seen, and next target would be at 100.00 area. However, the rise from 93.79 would possibly be correction of...

Gold and Silver: A Great Day to be a Bear

by ForexCycle.com | June 21, 2013 03:51
By Elliott Wave International In the wee morning hours before dawn on Thursday, June 20, the precious metals’ rooster crowed, "Cock-a-doodle-DOH!"

Daily Forex Analysis – June 21, 2013

by ForexCycle.com | June 21, 2013 03:50
USDCAD Analysis. USDCAD’s upward movement from 1.0137 extends to as high as 1.0393. Further rise to test 1.0420 previous high resistance could be expected, and a break above this level will indicate that the long term uptrend...

Daily Forex Analysis – June 20, 2013

by ForexCycle.com | June 20, 2013 02:23
USDCAD Analysis. USDCAD broke above the resistance of the upper line of the price channel on 4-hour chart, and is now in uptrend from 1.0137, and the rise extends to as high as 1.0290. Further rise could...

Daily Forex Analysis – June 19, 2013

by ForexCycle.com | June 19, 2013 04:00
USDCHF Analysis. Being contained by the resistance of the upper line of the price channel on 4-hour chart, USDCHF pulls back from 0.9271, suggesting that the pair remains in downtrend from 0.9838, and the rise from 0.9130...