How Punk Rock and Pop Music Relate to Social Mood and the Markets

by ForexCycle.com | March 12, 2011 09:36
By Elliott Wave International We can now add the recent uprisings in North Africa and the Middle East to the category of life imitating art — specifically, music lyrics. Those who lived through the 1980s might be...

Daily Forex Analysis – March 11, 2011

by ForexCycle.com | March 11, 2011 11:31
USDCHF Analysis. USDCHF might be forming a cycle top at 0.9368 level on 4-hour chart. Another fall to test 0.9201 key support would likely be seen later today, a break below this level will indicate that the...

Daily Forex Analysis – March 10, 2011

by ForexCycle.com | March 10, 2011 08:47
EURUSD Analysis. Being supported by the rising price channel on 4-hour chart, EURUSD rebounded from 1.3855. Further rise towards 1.4035 previous high would likely be seen later today, a break above this level will indicate that the...

Big Advantages of Trading with the Wave Principle

by ForexCycle.com | March 9, 2011 10:29
By Elliott Wave International What advantages does the Wave Principle offer to traders? Here’s one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates...

Daily Forex Analysis – March 9, 2011

by ForexCycle.com | March 9, 2011 10:28
GBPUSD Analysis. GBPUSD’s fall from 1.6343 extended to as low as 1.6125. Deeper decline towards the rising trend line on 4-hour chart is still possible later today. Uptrend could be expected to resume after touching the trend...

Daily Forex Analysis – March 8, 2011

by ForexCycle.com | March 8, 2011 09:46
GBPUSD Analysis. GBPUSD broke below 1.6215 support, suggesting that a cycle top has been formed at 1.6343 level on 4-hour chart. Pullback towards the uptrend line from 1.5751 to 1.6030 would likely be seen in a couple...

Daily Forex Analysis – March 7, 2011

by ForexCycle.com | March 7, 2011 09:04
GBPUSD Analysis. GBPUSD moved sideways in a range between 1.6215 and 1.6343. The price action in the range is treated as consolidation of uptrend from 1.6030. Initial support is at 1.6215, as long as this level holds,...

Daily Forex Analysis – March 4, 2011

by ForexCycle.com | March 4, 2011 11:51
AUDUSD Analysis. Being contained by 1.0199 resistance, AUDUSD formed a sideways consolidation in a range between 1.0085 and 1.0201. The price action in the trading range is more likely consolidation of uptrend from 0.9943, a break above...