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.

Daily Forex Analysis – November 24, 2009

by ForexCycle.com | November 24, 2009 09:32
GBPUSD Analysis. After a sharp drop from 1.6875, GBPUSD rebounded from 1.6460 level. However, the rise could possibly be consolidation of downtrend, another fall to 1.6300-1.6350 area is still possible after consolidation. Resistance is now at 1.6670...

Daily Forex Analysis – November 23, 2009

by ForexCycle.com | November 23, 2009 11:05
USDJPY Analysis. USDJPY stays in a falling price channel on 4-hour chart and remains in downward trend. Deeper decline towards 88.01 previous low is still possible later today, however, rebound is expected before breaking below this level....

The FDIC Anesthesia Is Wearing Off

by ForexCycle.com | November 21, 2009 10:06
By Robert Prechter The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist. For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks.

Daily Forex Analysis – November 20, 2009

by ForexCycle.com | November 20, 2009 10:47
USDJPY Analysis. USDJPY remains in downtrend from 92.32 and the fall extended further to as low as 88.64 level. Deeper decline is still possible later today. Rebound would more likely be seen before breaking below 88.01 previous...