Daily Forex Analysis – May 23, 2011

by ForexCycle.com | May 23, 2011 09:35
GBPUSD Analysis. GBPUSD stays in a trading range between 1.6105 and 1.6302. As long as 1.6302 resistance holds, the price action in the range is treated as consolidation of downtrend from 1.6745, and another fall towards 1.6000...

Daily Forex Analysis – May 20, 2011

by ForexCycle.com | May 20, 2011 11:02
GBPUSD Analysis. GBPUSD remains in downtrend, the bounce from 1.6105 is treated as consolidation of downtrend. Key resistance is at 1.6301, as long as this level holds, another fall is still possible, and next target would be...

Daily Forex Analysis – May 19, 2011

by ForexCycle.com | May 19, 2011 07:39
AUDUSD Analysis. AUDUSD might be forming a cycle bottom at 1.0505 on 4-hour chart. Rebound toward the trend line from 1.1011 to 1.0888 would likely be seen in next several days. Support is at 1.0505, only break...

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by ForexCycle.com | May 18, 2011 11:08
Get 100+ Pages of FREE Charts & Analysis for Every Major World Market Until May 31, Elliott Wave International is offering the current issue of Global Market Perspective, free! This global publication covers every major world market,...

Daily Forex Analysis – May 18, 2011

by ForexCycle.com | May 18, 2011 11:05
EURUSD Analysis. EURUSD broke above the price channel resistance, suggesting that a cycle bottom is being formed at 1.4048 on 4-hour chart. Range trading between 1.4048 and 1.4339 could be seen in a couple of days. Key...

Daily Forex Analysis – May 17, 2011

by ForexCycle.com | May 17, 2011 09:41
USDCHF Analysis. Being contained by the  resistance of the upper border of the price channel on 4-hour chart, USDCHF pulled back from 0.8945. Key support is now at 0.8795, a break below this level will indicate that...

Daily Forex Analysis – May 16, 2011

by ForexCycle.com | May 16, 2011 08:22
USDCHF Analysis. USDCHF ran in a rising price channel on 4-hour chart, and remains in uptrend from 0.8553. Now the pair had reached the upper border of the channel, minor consolidation of uptrend would likely be seen...

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by ForexCycle.com | May 13, 2011 09:48
By Elliott Wave International Jeffrey Kennedy brings more than 15 years of experience to his position as Elliott Wave International’s Senior Analyst and trading instructor. He knows firsthand how hard it can be to get simple explanations...

Daily Forex Analysis – May 13, 2011

by ForexCycle.com | May 13, 2011 09:45
USDCHF Analysis. USDCHF remains in short term uptrend from 0.8553, and the rise extended to as high as 0.8904. Further rise is still possible later today, and next target would be at 0.8950 area. Support is now...