Daily Forex Analysis – December 7, 2009

by ForexCycle.com | December 7, 2009 10:18
USDCHF Analysis. USDCHF stays in a trading range between 0.9917 and 1.0222. Further rise to test 1.0222 resistance would more likely be seen later today, a break above this level could signal another bounce to 1.0300 zone....

Daily Forex Analysis – December 4, 2009

by ForexCycle.com | December 4, 2009 09:10
EURUSD Analysis. EURUSD failed to test 1.5144 previous high resistance, pullback towards 1.4900 zone to reach next cycle bottom on 4-hour chart would more likely be seen in a couple of days, however, a break below 1.5032...

Now Available Until Dec 7: Free Fibonacci Trading eBook

by ForexCycle.com | December 3, 2009 10:56
Elliott Wave International has extended their “downloading deadline” for their free 42-Page eBook, How You Can Identify Turning Points Using Fibonacci. The eBook, created from the $129 two-volume set of the same name, is now available free...

Daily Forex Analysis – December 3, 2009

by ForexCycle.com | December 3, 2009 10:17
GBPUSD Analysis. GBPUSD breaks above the falling trend line from 1.6875 to 1.6745, suggesting further rally to test 1.6745 resistance. However, next short term cycle is nearing, pullback would more likely be seen before breaking above this...

Daily Forex Analysis – December 2, 2009

by ForexCycle.com | December 2, 2009 09:42
USDJPY Analysis. USDJPY stays below a falling trend line from 90.60 to 89.18, as long as the trend line resistance holds, rebound from 84.82 is treated as consolidation of downtrend from 92.32 and another fall below 84.82...

Daily Forex Analysis – December 1, 2009

by ForexCycle.com | December 1, 2009 11:50
AUDUSD Analysis. AUDUSD formed a short term cycle bottom at 0.8946 level on 4-hour chart, further rise to test the resistance of the falling trend line from 0.9404 to 0.9321 is possible later today, a clear break...