Daily Forex Analysis – June 11, 2010

by ForexCycle.com | June 11, 2010 10:25
EURUSD Analysis. EURUSD’s bounce from 1.1876 extends to as high as 1.2147 level. Further rally is still possible later today and target would be at the upper border of the falling price channel on 4-hour chart. As...

Prechter Called the Uptrend ‘Out’ in April

by ForexCycle.com | June 10, 2010 09:48
By Elliott Wave International Even non-sports fans have heard by now about the recent debacle known as Baseballgate. With two outs in the ninth inning, a first-base umpire called "SAFE" when the runner was clearly "OUT." But...

Daily Forex Analysis – June 10, 2010

by ForexCycle.com | June 10, 2010 09:46
USDJPY Analysis. USDJPY remains in uptrend from 88.98. The fall from 92.88 is more likely correction of uptrend. As long as 90.53 key support holds, another rise towards 94.98 is still possible and a break of 92.10...

Daily Forex Analysis – June 9, 2010

by ForexCycle.com | June 9, 2010 08:57
USDCHF Analysis. USDCHF stays in a trading range between 1.1430 and 1.1730. Lengthier consolidation in the range would more likely be seen in a couple of days. As long as 1.1430 support holds, the price action in...

Daily Forex Analysis – June 8, 2010

by ForexCycle.com | June 8, 2010 09:00
USDCAD Analysis. USDCAD is in uptrend form 1.0333, and the fall form 1.0678 is treated as correction of uptrend. Key support is now at 1.0515, as long as this level holds, uptrend could be expected to continue...

Daily Forex Analysis – June 7, 2010

by ForexCycle.com | June 7, 2010 09:35
USDCHF Analysis. After touching 1.1449 support, USDCHF rebounded strongly from 1.1430, suggesting that a cycle bottom has been formed on 4-hour chart. Now the bounce from 1.1430 is more likely resumption of uptrend from 1.0434 (Apr 1...

‘Defensive’ Stocks: Are They the Ticket in a Downturn?

by ForexCycle.com | June 4, 2010 10:43
By Elliott Wave International Approximately three out of four stocks go down in a bear market. This ratio doesn’t just apply to high beta names; historically, 75 percent of all stocks go down when the general market...

Daily Forex Analysis – June 4, 2010

by ForexCycle.com | June 4, 2010 10:41
USDCAD Analysis. USDCAD remains in downtrend from 1.0852 and the fall extends to as low as 1.0333 level. Deeper decline is still possible later today and target is the lower border of the price channel on 4-hour...