Daily Forex Analysis – October 31, 2013

by ForexCycle.com | October 31, 2013 01:41
AUDUSD Analysis. AUDUSD remains in downtrend from 0.9756, and the fall extends to as low as 0.9441. Resistance is at 0.9565, as long as this level holds, the downtrend could be expected to continue, and next target...

Daily Forex Analysis – October 30, 2013

by ForexCycle.com | October 30, 2013 02:17
GBPUSD Analysis. GBPUSD stays in a trading range between 1.5894 and 1.6259. As long as 1.5894 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low),...

(VIDEO) What Is the Debt Situation in Europe and the U.S.?

by ForexCycle.com | October 29, 2013 03:10
By Elliott Wave International In this video clip from Steve Hochberg’s "Don’t Get Caught Holding the Bag" presentation, recorded at the San Francisco MoneyShow, Elliott Wave International’s Chief Market Analyst addresses a popular question we get at...

Daily Forex Analysis – October 29, 2013

by ForexCycle.com | October 29, 2013 03:02
USDJPY Analysis. USDJPY is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 99.00 had completed at 96.94 already, then another...

Daily Forex Analysis – October 28, 2013

by ForexCycle.com | October 28, 2013 01:20
USDCHF Analysis. USDCHF stays within a downward price channel on 4-hour chart, and remains in downtrend from 0.9177. Initial resistance is at the upper line of the channel, as long as the channel resistance holds, the downtrend...

Deflationary Forces Stymie the Fed’s Economic Rescue Efforts

by ForexCycle.com | October 26, 2013 12:38
By Elliott Wave International The Federal Reserve’s efforts to rescue the economy have been historically aggressive, starting with the initial round of quantitative easing in 2008 and continuing through 2013.

Learn to Spot a Head & Shoulders Pattern in Your Charts (Video)

by ForexCycle.com | October 25, 2013 01:06
By Elliott Wave International Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Junctures trader education service and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but he...

Daily Forex Analysis – October 25, 2013

by ForexCycle.com | October 25, 2013 01:00
USDJPY Analysis. USDJPY’s fall from 99.00 extends to as low as 97.15. Resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the short term downtrend from...

Daily Forex Analysis – October 24, 2013

by ForexCycle.com | October 24, 2013 01:53
AUDUSD Analysis. AUDUSD breaks below the upward trend line on 4-hour chart, suggesting that consolidation of the uptrend from 0.9280 is underway. Deeper decline is still possible and the target would be at 0.9550 area. As long...