Daily Forex Analysis – November 22, 2010

by ForexCycle.com | November 22, 2010 11:02
USDCHF Analysis. After touching 0.9971 resistance, USDCHF traded in a narrow range between 0.9855 and 0.9997. Key support is at 0.9855, a breakdown below this level will indicate that a cycle top has been formed at 0.9997...

Robert Prechter Explains The Fed, Part I

by ForexCycle.com | November 20, 2010 08:41
By Elliott Wave International The ongoing financial crisis has made the central bank’s decisions — interest rates, quantitative easing (QE2), monetary stimulus, etc. — a permanent fixture on six-o’clock news. Yet many of us don’t truly understand...

Daily Forex Analysis – November 18, 2010

by ForexCycle.com | November 18, 2010 10:58
USDCHF Analysis. Being contained by 0.9971 resistance, USDCHF pulled back from 0.9975. Support is at 0.9820, as long as this level holds, uptrend from 0.9548 is expected to continue and another rise to 1.0100 is still possible....

Daily Forex Analysis – November 17, 2010

by ForexCycle.com | November 17, 2010 09:21
AUDUSD Analysis. AUDUSD continues its downward movement from 1.0182 and the fall extended to as low as 0.9724 level. Deeper decline towards 0.9651 key support is still possible later today, a breakdown below this level will suggest...

Daily Forex Analysis – November 16, 2010

by ForexCycle.com | November 16, 2010 11:23
EURUSD Analysis. EURUSD continues its downward movement and the fall extended to as low as 1.3560 level. Deeper decline is still possible later today and next target would be at 1.3450-1.3500 area. Key resistance is at 1.3825,...

Daily Forex Analysis – November 15, 2010

by ForexCycle.com | November 15, 2010 10:22
EURUSD Analysis. EURUSD’s downward move from 1.4281 extended to as low as 1.3574 level. As long as 1.3825 key resistance holds, the bounce from 1.3574 is treated as consolidation of downtrend and another fall to 1.3450-1.3500 area...

Daily Forex Analysis – November 12, 2010

by ForexCycle.com | November 12, 2010 11:14
EURUSD Analysis. EURUSD continues its downward move from 1.4281, and the fall extends to as low as 1.3601 level. Resistance is at 1.3825, as long as this level holds, downtrend is expected to continue and next target...