Daily Forex Analysis – March 31, 2009

by ForexCycle.com | March 31, 2009 02:15
EURUSD Analysis. EURUSD remains in short term downtrend, and the fall from 1.3738 has extended to as low as 1.3112 level. Deeper decline to 1.3050 zone to reach the next short term cycle bottom is still possible...

Daily Forex Analysis – March 30, 2009

by ForexCycle.com | March 30, 2009 02:30
USDJPY Analysis. USDJPY might be forming a short term cycle top at 98.86 level on 4-hour chart. Key support is now at 96.99, a break below this level will indicate that the cycle top has been formed...

Daily Forex Analysis – March 27, 2009

by ForexCycle.com | March 27, 2009 02:24
GBPUSD Analysis. GBPUSD has formed a short term cycle top at 1.4779 level on 4-hour chart. Further fall to test 1.4394 support is possible later today, a break below this level will signal deeper decline to 1.4350...

Key To Trading Success: Ignore Nature’s Laws?

by ForexCycle.com | March 26, 2009 02:51
The following is excerpted from Robert Prechter’s Independent Investor eBook. The 75-page eBook is a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to...

Daily Forex Analysis – March 26, 2009

by ForexCycle.com | March 26, 2009 02:31
USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 1.2191 and 1.2445 for several days. Near term resistance is at the upper border of the price channel, above the channel resistance will signal further rally...

Daily Forex Analysis – March 25, 2009

by ForexCycle.com | March 25, 2009 02:26
EURUSD Analysis. EURUSD has formed a short term cycle top at 1.3738 on 4-hour chart. Consolidation in a range between 1.3250 and 1.3738 is expected in next several days. Key support is at 1.3250, a break below...

Daily Forex Analysis – March 24, 2009

by ForexCycle.com | March 24, 2009 02:34
USDCHF Analysis. USDCHF remains in short term downtrend from 1.1963. The rebound from 1.1159 is treated as consolidation of the downtrend. Deeper decline could be seen to 1.1000 after consolidation. Initial resistance is at 1.1350, and key...

Daily Forex Analysis – March 23, 2009

by ForexCycle.com | March 23, 2009 16:03
USDCAD Analysis. USDCAD remains in short term downtrend from 1.3063. The rebound from 1.2191 is more likely consolidation of the downtrend. Initial resistance is at the upper border of the price channel on 4-hour chart, as long...

Daily Forex Analysis – March 20, 2009

by ForexCycle.com | March 20, 2009 11:10
USDJPY Analysis. USDJPY  remains in short term downtrend from 98.96. Further fall to 92.00 zone to reach the next short term cycle bottom is possible, and the next cycle bottom is nearing. Key resistance is now located...

Daily Forex Analysis – March 19, 2009

by ForexCycle.com | March 19, 2009 10:00
USDCHF Analysis. USDCHF pulls back quickly to as low as 1.1376 and breaks through 1.1430 key support, suggesting that the medium term uptrend from 1.0366 (Dec 29, 2008 low) has completed at 1.1963 level already. Further decline...