Daily Forex Analysis – April 9, 2012

by ForexCycle.com | April 9, 2012 02:00
USDCAD Analysis. USDCAD stays in a trading range between 0.9841 and 1.0050. Lengthier sideways movement in the range would likely be seen over the next several days. As long as 1.0050 resistance holds, the price action in...

Diagonal: Straight Shot to a Trading Opportunity

by ForexCycle.com | April 6, 2012 01:26
By Elliott Wave International Today we sit down with Elliott Wave International’s Futures Junctures Editor and Senior Tutorial Instructor Jeffrey Kennedy to discuss his favorite wave pattern of all: the diagonal.

Daily Forex Analysis – April 6, 2012

by ForexCycle.com | April 6, 2012 01:23
USDJPY Analysis. USDJPY stays below a downward trend line on 4-hour chart, and remains in downtrend from 84.17. As long as the trend line resistance holds, the price action in the range between 81.55 and 83.38 could...

Daily Forex Analysis – April 5, 2012

by ForexCycle.com | April 5, 2012 02:13
USDJPY Analysis. USDJPY stays below a downward trend line on 4-hour chart, and remains in downtrend from 84.17, the rise from 81.55 is treated as consolidation of the downtrend. As long as the trend line resistance holds,...

Daily Forex Analysis – April 4, 2012

by ForexCycle.com | April 3, 2012 23:12
GBPUSD Analysis. GBPUSD is facing the support of the lower line of the upward price channel on 4-hour chart. As long as the channel support holds, the fall from 1.6062 could be treated as consolidation of the...

Daily Forex Analysis – April 3, 2012

by ForexCycle.com | April 3, 2012 02:04
EURUSD Analysis. EURUSD moves sideways in a range between 1.3252 and 1.3385. As long as 1.3252 key support holds, the price action in the range is treated as consolidation of the uptrend from 1.3003, and another rise...

Daily Forex Analysis – April 2, 2012

by ForexCycle.com | April 2, 2012 01:57
AUDUSD Analysis. AUDUSD’s rise from 1.0304 extends to as high as 1.0451. Further rise to test the resistance of the downward trend line would likely be seen later today. As long as the trend line resistance holds,...