Daily Forex Analysis – November 15, 2011

by ForexCycle.com | November 15, 2011 03:26
USDCAD Analysis. USDCAD stays in a trading range between 1.0055 and 1.0265. The price action in the range is treated as consolidation of uptrend from 0.9891. As long as 1.0055 key support holds, another rise towards 1.0400...

Daily Forex Analysis – November 14, 2011

by ForexCycle.com | November 14, 2011 01:29
USDCHF Analysis. USDCHF remains in uptrend from 0.8569, the fall from 0.9148 is likely consolidation of uptrend. Support is now at the lower border of the price channel on 4-hour chart, as long as the channel support...

Daily Forex Analysis – November 11, 2011

by ForexCycle.com | November 11, 2011 01:20
USDCHF Analysis. USDCHF’s rise extended to as high as 0.9148, the subsequent pullback is treated as consolidation of uptrend. Support remains at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend...

Daily Forex Analysis – November 10, 2011

by ForexCycle.com | November 10, 2011 01:52
USDCHF Analysis. USDCHF continued its upward movement from 0.8569 and the rise extended to as high as 0.9112. Support remains at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could...

Daily Forex Analysis – November 9, 2011

by ForexCycle.com | November 9, 2011 01:21
USDCHF Analysis. USDCHF stays above a rising trend line on 4-hour chart, and remains in uptrend from 0.8569. As long as the trend line support holds, uptrend could be expected to continue, and next target would be...

Daily Forex Analysis – November 8, 2011

by ForexCycle.com | November 8, 2011 02:49
USDCHF Analysis. USDCHF broke above 0.8958 resistance, suggesting that the uptrend from 0.8569 had resumed. Further rise is still possible in a couple of days, and target would be at 0.9150-0.9200 area. Support is now at the...

Daily Forex Analysis – November 7, 2011

by ForexCycle.com | November 7, 2011 01:10
EURUSD Analysis. EURUSD had formed a cycle bottom at 1.3609 on 4-hour chart. Further rally is still possible in a couple of days, and target would be at 1.3950-1.4000 area. However, the rise is treated as consolidation...

Earnings: Stock Market’s Brightest False Beacon

by ForexCycle.com | November 4, 2011 03:27
By Elliott Wave International Four times a year, investors and Wall Street watch the quarterly corporate earnings reports, trying to anticipate the trend in stocks. Another earnings season is upon us right now, so read this excerpt...