Daily Forex Analysis – August 9, 2013

by ForexCycle.com | August 9, 2013 04:02
USDCAD Analysis. USDCAD breaks below 1.0345 support, suggesting that the uptrend from 1.0245 has completed at 1.0445. Further decline to test 1.0245 support could be seen, a breakdown below this level will signal resumption of the downtrend...

Daily Forex Analysis – August 8, 2013

by ForexCycle.com | August 8, 2013 02:28
AUDUSD Analysis. AUDUSD remains in downtrend from 0.9317, the rise from 0.8847 is likely consolidation of the downtrend. Resistance is at 0.9060, as long as this level holds, the downtrend could be expected to resume, and another...

Daily Forex Analysis – August 7, 2013

by ForexCycle.com | August 7, 2013 03:14
AUDUSD Analysis. AUDUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 0.9317, the rise from 0.8847 is treated as consolidation of the downtrend. Resistance is at the upper line of the...

Daily Forex Analysis – August 6, 2013

by ForexCycle.com | August 6, 2013 04:10
USDCHF Analysis. USDCHF is facing 0.9228 support, a breakdown below this level will indicate that the downtrend from 0.9751 has resumed, then further decline to 0.9000 area could be seen. On the upside, as long as 0.9228...

Daily Forex Analysis – August 5, 2013

by ForexCycle.com | August 5, 2013 03:20
USDJPY Analysis. USDJPY is now in uptrend from 97.58, the fall from 99.94 is likely correction of the uptrend. Another rise to test 101.53 key resistance is possible after correction, a break above this level will indicate...

Trend Changes in Financial Markets: 7 Key Market Calls

by ForexCycle.com | August 2, 2013 14:14
By Elliott Wave International Elliott Wave International is dedicated to helping subscribers anticipate the next major market turn. No, we don’t always "get it right" – yet the examples below speak for themselves.

Daily Forex Analysis – August 2, 2013

by ForexCycle.com | August 2, 2013 04:04
EURUSD Analysis. EURUSD breaks below the support of the lower line of the price channel on 4-hour chart, suggesting that consolidation of the uptrend from 1.2756 is underway. Range trading between 1.3100 and 1.3344 would likely be...

Daily Forex Analysis – August 1, 2013

by ForexCycle.com | August 1, 2013 02:33
USDCHF Analysis. USDCHF continues its downward movement from 0.9535, and the fall extends to as low as 0.9228. Key resistance is now at 0.9337, as long as this level holds, the downtrend could be expected continue, and...