Daily Forex Analysis – May 8, 2013

by ForexCycle.com | May 8, 2013 02:31
GBPUSD Analysis. GBPUSD breaks below 1.5469 support, suggesting that consolidation of the uptrend from 1.4831 (Mar 12 low) is underway. Deeper decline would likely be seen, and the target would be at the upward trend line from...

Daily Forex Analysis – May 7, 2013

by ForexCycle.com | May 7, 2013 03:55
GBPUSD Analysis. GBPUSD moves sideways in a narrow range between 1.5469 and 1.5605. As long as 1.5469 support holds, the price action in the range is treated as consolidation of the uptrend from 1.5197, another rise to...

Daily Forex Analysis – May 6, 2013

by ForexCycle.com | May 6, 2013 02:46
GBPUSD Analysis. GBPUSD remains in uptrend from 1.5197, the fall from 1.5605 is likely minor consolidation of the uptrend. Support is at 1.5465, as long as this level holds, the uptrend could be expected to resume, and...

Daily Forex Analysis – May 3, 2013

by ForexCycle.com | May 3, 2013 03:59
USDCAD Analysis. USDCAD remains in downtrend from 1.0293, the rise from 1.0051 is likely consolidation of the downtrend. Resistance is at 1.0145, as long as this level holds, another fall could be expected after consolidation, and a...

Daily Forex Analysis – May 2, 2013

by ForexCycle.com | May 2, 2013 02:27
USDJPY Analysis. USDJPY continues its sideways movement in a range between 95.83 and 99.94. As long as 95.83 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14 (Sep 13,...

(Video) Top 3 Technical Tools Part 3: MACD

by ForexCycle.com | May 1, 2013 04:12
By Elliott Wave International "Guessing or going by gut instinct won’t work over the long run. If you don’t have a defined trading methodology, then you don’t have a way to know what constitutes a buy or...

Daily Forex Analysis – May 1, 2013

by ForexCycle.com | May 1, 2013 04:07
USDJPY Analysis. USDJPY stays in a trading range between 95.83 and 99.94. Support is at 95.83, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...