Daily Forex Analysis – December 4, 2009

by ForexCycle.com | December 4, 2009 09:10
EURUSD Analysis. EURUSD failed to test 1.5144 previous high resistance, pullback towards 1.4900 zone to reach next cycle bottom on 4-hour chart would more likely be seen in a couple of days, however, a break below 1.5032...

Now Available Until Dec 7: Free Fibonacci Trading eBook

by ForexCycle.com | December 3, 2009 10:56
Elliott Wave International has extended their “downloading deadline” for their free 42-Page eBook, How You Can Identify Turning Points Using Fibonacci. The eBook, created from the $129 two-volume set of the same name, is now available free...

Daily Forex Analysis – December 3, 2009

by ForexCycle.com | December 3, 2009 10:17
GBPUSD Analysis. GBPUSD breaks above the falling trend line from 1.6875 to 1.6745, suggesting further rally to test 1.6745 resistance. However, next short term cycle is nearing, pullback would more likely be seen before breaking above this...

Daily Forex Analysis – December 2, 2009

by ForexCycle.com | December 2, 2009 09:42
USDJPY Analysis. USDJPY stays below a falling trend line from 90.60 to 89.18, as long as the trend line resistance holds, rebound from 84.82 is treated as consolidation of downtrend from 92.32 and another fall below 84.82...

Daily Forex Analysis – December 1, 2009

by ForexCycle.com | December 1, 2009 11:50
AUDUSD Analysis. AUDUSD formed a short term cycle bottom at 0.8946 level on 4-hour chart, further rise to test the resistance of the falling trend line from 0.9404 to 0.9321 is possible later today, a clear break...

Daily Forex Analysis – November 30, 2009

by ForexCycle.com | November 30, 2009 09:37
AUDUSD Analysis. AUDUSD’s fall from 0.9404 extended to as low as 0.8946 level last week. Range trading between 89.16 and 0.9404 is expected in next several day. As long as 0.8916 support holds, the price action in...

Daily Forex Analysis – November 27, 2009

by ForexCycle.com | November 27, 2009 08:40
GBPUSD Analysis. GBPUSD breaks below the support of the lower border of the price channel on 4-hour chart, suggesting that the uptrend from 1.5708 (Oct 13 low) has completed at 1.6875 already and another fall towards 1.6300-1.6350...

Daily Forex Analysis – November 26, 2009

by ForexCycle.com | November 26, 2009 10:57
GBPUSD Analysis. GBPUSD broke above 1.6647 resistance, suggesting that a short term cycle bottom has been formed at 1.6460 level on 4-hour chart. Another rise towards 1.6875 could be seen in a couple of days. Initial support...

Daily Forex Analysis – November 25, 2009

by ForexCycle.com | November 25, 2009 09:22
EURUSD Analysis. After breaking above the falling trend line on 4-hour chart, EURUSD traded in a narrow range between 1.4888 and 1.4999. A break above 1.4999 will confirm the the rise from 1.4801 is resumption of longer...

Free 42-Page eBook: Find Trading Opportunities With Fibonacci

by ForexCycle.com | November 24, 2009 09:38
Elliott Wave International has just released a free 42-Page eBook, How You Can Identify Turning Points Using Fibonacci. Created from the $129 two-volume set of the same name, it’s available free until November 30, 2009. Learn more.