Daily Forex Analysis – October 27, 2010

by ForexCycle.com | October 27, 2010 09:54
USDJPY Analysis. USDJPY broke above the falling price channel on 4-hour chart and reaches as high as 81.70. Key resistance is at 81.91, as long as this level holds, the price action in the trading range between...

Daily Forex Analysis – October 26, 2010

by ForexCycle.com | October 26, 2010 10:17
EURUSD Analysis. EURUSD traded in a range between 1.3698 and 1.4152. Initial support is at 1.3860, as long as this level holds, another rise towards 1.4152 key resistance is expected later today, a break above this level...

Daily Forex Analysis – October 25, 2010

by ForexCycle.com | October 25, 2010 11:04
EURUSD Analysis. EURUSD stays in a trading range between 1.3698 and 1.4152. Another rise to test 1.4152 key resistance is still possible later today, a break above this level will indicate that the uptrend from 1.2587 has...

Daily Forex Analysis – October 22, 2010

by ForexCycle.com | October 22, 2010 10:13
AUDUSD Analysis. AUDUSD’s uptrend from 0.8771 has completed at 0.9998 already. Range trading between 0.9661 and 0.9890 would more likely be seen later today. Support is at 0.9661, a breakdown below this level could trigger another fall...

Daily Forex Analysis – October 21, 2010

by ForexCycle.com | October 21, 2010 10:13
AUDUSD Analysis. AUDUSD broke below the lower border of the rising price channel on 4-hour chart and reached as low as 0.9661 level, suggesting that the uptrend from 0.8771 has completed at 0.9998 already. Another fall to...

Daily Forex Analysis – October 19, 2010

by ForexCycle.com | October 19, 2010 09:05
USDCHF Analysis. USDCHF has reached the upper border of the price channel on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9463 level. Further rally towards 0.9727 is still possible later today, a break...

Daily Forex Analysis – October 18, 2010

by ForexCycle.com | October 18, 2010 09:14
USDCAD Analysis. USDCAD breaks above the falling price channel on 4-hour chart, suggesting that lengthier consolidation of downtrend is underway. Further rally towards 1.0232 key resistance is expected in a couple of days. As long as 1.0232...

Video: The Versatility of the Wave Principle

by ForexCycle.com | October 16, 2010 08:06
In the video below, EWI senior analyst and trading instructor Jeffrey Kennedy shows how the Wave Principle can help you identify a high-probability trade set up regardless of the direction of the larger trend. This timeless educational...

Daily Forex Analysis – October 15, 2010

by ForexCycle.com | October 15, 2010 10:56
USDCHF Analysis. USDCHF’s downward move extended to as low as 0.9463. Minor consolidation would more likely be seen in a couple of days. Resistance is at the upper boundary of the falling price channel on 4-hour chart,...