Daily Forex Analysis – November 29, 2013

by ForexCycle.com | November 29, 2013 02:53
USDJPY Analysis. USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 97.63. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend...

Daily Forex Analysis – November 28, 2013

by ForexCycle.com | November 28, 2013 03:01
USDCHF Analysis. USDCHF continues its downward movement from 0.9249, and the fall extends to as low as 0.9040. Key resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...

Janet Yellen Is Close to Making History in Two Ways

by ForexCycle.com | November 27, 2013 01:55
By Elliott Wave International Janet Yellen just moved closer to her place in history when the Senate Banking Committee approved her nomination to lead the Federal Reserve. The full Senate is expected to confirm. If so, she...

Daily Forex Analysis – November 27, 2013

by ForexCycle.com | November 27, 2013 01:53
GBPUSD Analysis. GBPUSD stays within a upward price channel on 4-hour chart, and remains in the short term uptrend from 1.5854, the fall from 1.6240 could be treated as consolidation of the uptrend. Support is located at...

Daily Forex Analysis – November 26, 2013

by ForexCycle.com | November 26, 2013 02:43
GBPUSD Analysis. Being contained by 1.6259 resistance, GBPUSD pulls back from 1.6240. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend from...

Daily Forex Analysis – November 25, 2013

by ForexCycle.com | November 25, 2013 03:43
USDJPY Analysis. USDJPY’s upward movement from 96.94 extends to as high as 101.80. Support level is now at 100.95, as long as this level holds, the uptrend could be expected to continue, and next target would be...

Spot High-Confidence Trading Opportunities Using Moving Averages

by ForexCycle.com | November 23, 2013 01:26
By Elliott Wave International The moving average is a technical indicator which has stood the test of time. It’s been 27 years since Robert Prechter described this vital tool in his famous essay, "What a Trader Really...

Daily Forex Analysis – November 22, 2013

by ForexCycle.com | November 22, 2013 03:03
USDCAD Analysis. USDCAD breaks above 1.0525 resistance, suggesting that the uptrend from 1.0182 (Sep 19 low) has resumed. Support is now at 1.0470, as long as this level holds, the uptrend could be expected to continue, and...

Daily Forex Analysis – November 21, 2013

by ForexCycle.com | November 21, 2013 02:46
USDCAD Analysis. USDCAD stays in a trading range between 1.0397 and 1.0525. The price action in the range is likely consolidation of the uptrend from 1.0182 (Sep 19 low). Key support is located at the lower line...

Download Your Free Price Bars and Chart Patterns Trading eBook

by ForexCycle.com | November 20, 2013 04:02
Sometimes understanding the most basic elements of a chart can improve your trading success. That’s why Elliott Wave International (EWI) created a new eBook, Learn to Identify High Probability Trading Opportunities Using Price Bars and Chart Patterns,...