Daily Forex Analysis – December 6, 2010

by ForexCycle.com | December 6, 2010 09:51
GBPUSD Analysis. GBPUSD has reached the upper border of the price channel on 4-hour chart. Pullback from the channel resistance would likely be seen later today. Support is at 1.5650, a breakdown below this level will indicate...

Simple Tools for Competent Trades

by ForexCycle.com | December 3, 2010 11:13
By Elliott Wave International Improve your Financial Decision-Making Skills with Guidance from EWI Chief Commodity Analyst Jeffrey Kennedy. As a high school freshman, I had a friend over to do math homework after school.  It was cold...

Daily Forex Analysis – December 3, 2010

by ForexCycle.com | December 3, 2010 11:10
GBPUSD Analysis. GBPUSD has formed a cycle bottom at 1.5484 level on 4-hour chart. Now the price action from 1.5484 is treated as consolidation of downtrend. Bounce towards the upper border of the price channel would likely...

Daily Forex Analysis – December 2, 2010

by ForexCycle.com | December 2, 2010 09:46
AUDUSD Analysis. AUDUSD may be forming a cycle bottom at 0.9537 level on 4-hour chart. Range trading between 0.9537 and 0.9700 would likely be seen in a couple of days. Support is at 0.9537, a breakdown below...

Last chance to get your Free Moving Averages eBook!

by ForexCycle.com | December 1, 2010 09:12
Due to strong demand, Robert Prechter’s Elliott Wave International (EWI) has extended the time you can get your FREE Moving Averages eBook until December 6!

Daily Forex Analysis – December 1, 2010

by ForexCycle.com | December 1, 2010 09:05
EURUSD Analysis. As expected, EURUSD continues its bearish movement from 1.3785 and the fall extended to as low as 1.2969 level. Resistance is at 1.3150, as long as this level holds, downtrend will continue and next target...

Daily Forex Analysis – November 30, 2010

by ForexCycle.com | November 30, 2010 09:37
EURUSD Analysis. EURUSD’s bearish movement from 1.3785 extended to as low as 1.3064 level. Downtrend is expected to continue in a coup0le of days and next target would be at 1.2900 area. Resistance is at 1.3250, only...

Daily Forex Analysis – November 29, 2010

by ForexCycle.com | November 29, 2010 10:46
USDCHF Analysis. USDCHF remains in uptrend from 0.9548 and the rise extended to as high as 1.0053 level. Key support is at 0.9848, as long as this level holds, uptrend is expected to continue and another rise...

Daily Forex Analysis – November 26, 2010

by ForexCycle.com | November 26, 2010 11:15
EURUSD Analysis. EURUSD remains in downtrend from 1.3785. Resistance is at 1.3420, as long as this level holds, downtrend is expected to continue and next target would be at 1.3100 area. Only break above 1.3420 will indicate...