Daily Forex Analysis – May 21, 2010

by ForexCycle.com | May 21, 2010 09:57
EURUSD Analysis. EURUSD breaks above 1.0244 resistance, suggesting that a cycle bottom has been formed at 1.2144 level on 4-hour chart. Range trading between 1.2144 and 1.2710 would more likely be seen in next several days. As...

Daily Forex Analysis – May 20, 2010

by ForexCycle.com | May 20, 2010 10:34
USDCAD Analysis. USDCAD stays above a rising line from 1.0110 to 1.0246 and remains in uptrend. Further rally is still possible later today and target would be at 1.0575 area. Support is at the rising trend line...

What Becomes of a Broken Stock Market?

by ForexCycle.com | May 19, 2010 09:37
By Elliott Wave International You know what a mystery the Dow’s 1,000-point drop on May 6 has been. Wall Street is looking for a smoking gun — a trader’s mistake, a computer glitch — but nothing definite...

Daily Forex Analysis – May 19, 2010

by ForexCycle.com | May 19, 2010 09:35
EURUSD Analysis. EURUSD’s bearish movement extends further to as low as 1.2144 level. Deeper decline is still possible later today and next target would be at 1.2000 area. Resistance is at the falling trend line from 1.3093...

Daily Forex Analysis – May 18, 2010

by ForexCycle.com | May 18, 2010 12:15
USDCHF Analysis. USDCHF remains in uptrend from 1.0923 and the pullback from 1.1445 is treated as consolidation of uptrend. Range trading between 1.1250 and 1.1445 is expected in a couple of days. Support is at 1.1250, as...

Daily Forex Analysis – May 17, 2010

by ForexCycle.com | May 17, 2010 11:11
AUDUSD Analysis. AUDUSD drops sharply to as low as 0.8731 and is testing 0.8715 key support, a breakdown below this level will indicate that the downtrend from 0.9381 has resumed, then deeper decline could be seen to...

Signs of Deflation You Might Not be Able to See Clearly

by ForexCycle.com | May 15, 2010 11:43
By Editorial Staff, Elliott Wave International The following market analysis is courtesy of Bob Prechter’s Elliott Wave International. Elliott Wave International is currently offering Bob’s recent Elliott Wave Theorist, free.

Daily Forex Analysis – May 14, 2010

by ForexCycle.com | May 14, 2010 09:45
GBPUSD Analysis. GBPUSD has formed a cycle top at 1.5053 level on 4-hour chart. Now the fall from 1.5053 could possibly be resumption of downtrend from 1.5522. Deeper decline to re-test 1.4475 previous low support is possible...

Prechter Describes The "Stunning Long-Term Elliott Wave Picture"

by ForexCycle.com | May 13, 2010 11:34
By Robert Folsom, Elliott Wave International Please join me to consider a time in the stock market that lasted just under three years: 32 months, to be precise. During this period a series of powerful rallies stand...