Daily Forex Analysis – July 21, 2009

by ForexCycle.com | July 21, 2009 04:09
GBPUSD Analysis. GBPUSD break above 1.6480 resistance. Further rally is now in favor and next target is to test 1.6743 previous high resistance, a break above this level will suggest that the uptrend from 1.3654 has resumed,...

Daily Forex Analysis – July 20, 2009

by ForexCycle.com | July 20, 2009 03:32
AUDUSD Analysis. AUDUSD in moving to next short term cycle top on 4-hour chart. As long as 0.7960 support holds, we’d expect uptrend from 0.7703 to continue and target is to test 0.8155 previous high resistance, above...

Spot a Pattern You Recognize: One Simple Tip for Becoming a Better Trader

by ForexCycle.com | July 17, 2009 03:26
By Gary Grimes The following article is adapted from market analysis by Elliott Wave International Chief Commodity Analyst Jeffrey Kennedy. Now through July 22, Jeffrey Kennedy’s daily, intermediate, and long-term forecasts for up to 18 markets are...

Daily Forex Analysis – July 17, 2009

by ForexCycle.com | July 17, 2009 03:17
USDJPY Analysis. USDJPY pulls back from 94.45, suggesting that a short term cycle top is being formed  on 4-hour chart. Deeper decline is possible to test 91.73 next week, a break below this level will take price...

Dive into EWI’s FreeWeek Now!

by ForexCycle.com | July 16, 2009 02:37
Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors to some of their most popular paid services to non-subscribers for one week only....

Daily Forex Analysis – July 16, 2009

by ForexCycle.com | July 16, 2009 02:07
EURUSD Analysis. EURUSD breaks above 1.4072 resistance and reaches as high as 1.4134 level. Further rally is still possible to test 1.4197 resistance. However, 1.4197 level will more likely be held and downtrend could be expected to...

Daily Forex Analysis – July 15, 2009

by ForexCycle.com | July 15, 2009 02:09
AUDUSD Analysis. AUDUSD breaks above this resistance of the falling trend line from 0.8155 to 0.8038, suggesting that a short term cycle bottom has been formed at 0.7703 level on 4-hour chart, and the downtrend from 0.8155...

Daily Forex Analysis – July 14, 2009

by ForexCycle.com | July 14, 2009 02:44
AUDUSD Analysis. AUDUSD remains in downtrend from 0.8155 and the price action from 0.7722 is more likely consolidation of downtrend. Initial resistance is at 0.7861 and followed by 0.7900, as long as these levels hold, downtrend will...

Daily Forex Analysis – July 13, 2009

by ForexCycle.com | July 13, 2009 02:12
USDJPY Analysis. After touching 91.80 previous low, USDJPY rebounds from 91.77 level. Further rise is possible to re-test 93.59 resistance, a break above this level will suggest that a short term cycle bottom has been formed at...

Complimentary eBook: How to Survive Deflation

by ForexCycle.com | July 11, 2009 02:25
Our friends at Elliott Wave International put together an expansive Deflation Survival Guide. The free 60-page eBook is packed with Robert Prechter’s most important teachings and warnings about deflation. This is one of the most valuable resources...