Daily Forex Analysis – January 30, 2009

by ForexCycle.com | January 30, 2009 10:56
USDCHF Analysis. USDCHF trades in a range between 1.1313 and 1.1714. The rebound from 1.1313 is more likely correction of the short term downtrend from 1.1714. As long as 1.1714 previous high resistance holds, we’d expect the...

Daily Forex Analysis – January 29, 2009

by ForexCycle.com | January 29, 2009 12:05
USDCHF Analysis. Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebound from 1.1313. further rise to test 1.1714 is possible. As long as this level holds, we’d expect sideways consolidation to...

Daily Forex Analysis – January 28, 2009

by ForexCycle.com | January 28, 2009 10:34
AUDUSD Analysis. AUDUSD breaks above 0.6656 resistance, suggesting that a short term cycle bottom has been formed at 0.6418 level on 4-hour chart. Further rally could be seen to retest 0.6840 medium term resistance. A break above...

Offer Prechter’s New Theorist at 45% Off

by ForexCycle.com | January 27, 2009 12:07
The Elliott Wave Financial Forecast recorded an 18.5% gain over the past 12 months, and is the second-best performer over the past year (of the newsletters covered by Hulbert), all while (again, according to Hulbert) taking on...

Daily Forex Analysis – January 27, 2009

by ForexCycle.com | January 27, 2009 11:16
EURUSD Analysis. EURUSD breaks above this resistance of the falling price channel, suggesting that a short term cycle bottom has been form at 1.2764 on 4-hour chart. Consolidation in a range between 1.2764 and 1.3385 is expected...

Daily Forex Analysis – January 26, 2009

by ForexCycle.com | January 26, 2009 10:11
USDCAD Analysis. USDCAD broke below 1.2316 support and formed a short term cycle top at 1.2765 on 4-hour chart. Deeper decline could be seen to 1.2000 zone after consolidation. Initial resistance is now located at 1.2460, as...

Daily Forex Analysis – January 23, 2009

by ForexCycle.com | January 23, 2009 10:04
USDCAD Analysis. USDCAD is forming a short term cycle top at 1.2765 on 4-hour chart. Pullback to test 1.2316 support is now in favor. A break below this level will indicate that the uptrend from 1.1761 has...

Daily Forex Analysis – January 22, 2009

by ForexCycle.com | January 22, 2009 08:59
EURUSD Analysis. EURUSD remains in downtrend. The rebound from 1.2824 is treated as consolidation of the downtrend. Moving sideways in a range between 1.2824 and 1.3150 would more likely be seen in a couple of days. Key...

Daily Forex Analysis – January 21, 2009

by ForexCycle.com | January 21, 2009 10:50
USDJPY Analysis. USDJPY breaks below 90.07 support, suggesting that the rebound from 88.47 has completed. Pullback to retest 88.47 previous low support is expected in a couple of days. A break down below this level will indicate...

Daily Forex Analysis – January 20, 2009

by ForexCycle.com | January 20, 2009 01:40
USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 1.2316 and 1.2673. As long as 1.2316 support holds, we’d expect uptrend to resume, and further rally towards 1.2850 zone is still in favor. However, below...