Bob Prechter: Gold is Still Money

by ForexCycle.com | May 29, 2009 18:24
The following article is excerpted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this fascinating 40-page...

Daily Forex Analysis – May 29, 2009

by ForexCycle.com | May 29, 2009 03:57
USDJPY Analysis. USDJPY breaks above 96.69 resistance and reaches as high as 97.23 level. Consolidation in a range between 95.50 and 97.23 is expected in a couple of days, and further rally to 98.00 is possible after...

Prechter’s New Gold & Silver eBook Now Online

by ForexCycle.com | May 28, 2009 03:01
Do not invest in gold or silver until you read this free 40-page eBook. Not all gold and silver investments are created equal. You’ll learn which are the best and exactly when they’re the best with this...

Daily Forex Analysis – May 28, 2009

by ForexCycle.com | May 28, 2009 02:50
EURUSD Analysis. EURUSD’s pullback from 1.4050 extends further to as low as 1.3823 level. Deeper decline to test the support of the lower border of the price channel on 4-hour chart is expected in a couple of...

Daily Forex Analysis – May 27, 2009

by ForexCycle.com | May 27, 2009 03:42
USDCHF Analysis. USDCHF breaks above the resistance of the falling trend line from 1.1263 to 1.1056, suggesting that a short term cycle bottom has been formed at 1.0812 level on 4-hour chart. Range trading between 1.0800 and...

Daily Forex Analysis – May 26, 2009

by ForexCycle.com | May 26, 2009 02:52
USDCHF Analysis. USDCHF remains in downtrend from 1.1263 and the rebound from 1.0812 is more likely consolidation of the downtrend. As long as the pair stays below the falling trend line from 1.1263 to 1.1056, we’d expect...

Daily Forex Analysis – May 25, 2009

by ForexCycle.com | May 25, 2009 02:03
USDJPY Analysis. Being contained by the long term key support at 93.53 (Mar 19 low), USDJPY rebounds from 93.85 level. However, the rise from 93.85 is treated as consolidation of the short term downtrend from 96.69. Range...

Daily Forex Analysis – May 22, 2009

by ForexCycle.com | May 22, 2009 03:31
EURUSD Analysis. EURUSD’s short term uptrend from 1.3423 remains. Further rise towards the upper border of the price channel on 4-hour chart is expected. Pullback would more likely be seen after touching the upper border resistance. Near...

Daily Forex Analysis – May 21, 2009

by ForexCycle.com | May 21, 2009 01:33
AUDUSD Analysis. AUDUSD broke above 0.7709 resistance and remains in short term uptrend from 0.7450. The price action in the trend range between 0.7685 and 0.7808 is treated as consolidation of the uptrend. Further rally is still...

Daily Forex Analysis – May 20, 2009

by ForexCycle.com | May 20, 2009 01:40
USDCHF Analysis. USDCHF drops down from 1.1263 and the fall has extended to as low as 1.1069 level. Further fall is still possible to test 1.0977 previous low support, a break below this level will signal deeper...