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  • Long Term Forex Market Analysis - Our Free Forex Market Analysis is designed for long term traders who trade in timeframes between several days and several weeks. We use market cycle analysis tools to time the market, and provide individual traders good timings for their trading.
  • Short Term Forex Market Analysis - Short Term Forex Market Analysis is similar to Long Term Forex Market Analysis, in this section, we provide short-term traders with daily updated reports and recognize small cycles on 4-hour chart. It's FREE now!

About Market Cycle

Most of the phenomena we encounter in our daily lives occur in cycles. This is the case with seasons, the rising and setting of the sun, the ebb and flow, day and night, the earth revolving around the sun, etc. We take these for granted and rarely think of them in terms of cycles. Furthermore, we seldom associate cycles with forecasting. Now, we can use market cycle theory to forecast the evolution of forex markets.

For more detail about Market Cycle:

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RSI (Relative Strength Index)

The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the RSI is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing." The failure swing is considered a confirmation of the impending reversal in the price of the currency.

See also:
Relative Strength Index and Its Failure-Swing Points
Technical indicators Tutorial

Relative strength index day trading signal

relative strength index day trading signal

USDJPY daily chart

USDJPY daily chart

USDJPY 4 hours chart

USDJPY 4 hours chart

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Daily Forex Reports

NZDUSD Short-Term Reversal Signal (Feb 24, 2017)
Friday, 24 February 2017 06:41 UTC

NZDUSD failed in its last two attempts to break below the .7150 minor psychological level, creating a double bottom formation visible on its 1-hour chart. Price has yet to break above the neckline around the .7250 level to confirm the reversal. If...

USDCAD Daily Analysis - February 24, 2017
Friday, 24 February 2017 04:05 UTC

USDCAD broke below the bottom of the upward price channel on 4-hour chart, indicating that the upward movement from 1.3009 is complete. Another fall to test 1.2968 support could be seen over the next several days.

AUDUSD Daily Analysis - February 24, 2017
Friday, 24 February 2017 04:05 UTC

AUDUSD's upward movement from 0.7159 (Dec 26, 2016 low) extended further to as high as 0.7740. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to...

EURUSD Daily Analysis - February 24, 2017
Friday, 24 February 2017 04:04 UTC

EURUSD remains in downtrend from 1.0828, the price action from 1.0521 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair stays in the channel, the downtrend could...

USD/JPY Forecast February 23, 2017, Technical Analysis
Thursday, 23 February 2017 08:09 UTC

The USD/JPY pair fell initially on Wednesday but found enough support again near the 112.50 level to turn things around and form a hammer. The hammer of course is a bullish sign and if we can break above the top of a, I don’t see any reason we...

USD/CAD Forecast February 23, 2017, Technical Analysis
Thursday, 23 February 2017 08:08 UTC

The US dollar initially pulled back during the day on Wednesday but found enough support at the 1.31 level to turn things around and rally. We broke above the 1.32 level during the day, and if we can break above the top of the range for the...

Forex Signals

Close(SL) Buy GBP/NZD @ 1.73010 By Signal Factory
Friday, 24 February 2017 18:00 UTC

Close(SL) Buy GBP/NZD @ 1.73010 By Signal Factory | Loss: -40 pips | 2017.02.24 17:48...

Close(SL) Buy CHF/JPY @ 111.577 By Signal Factory
Friday, 24 February 2017 17:15 UTC

Close(SL) Buy CHF/JPY @ 111.577 By Signal Factory | Loss: -40 pips | 2017.02.24 17:11...

Sell AUD/CAD @ 1.00639 By Signal Factory
Friday, 24 February 2017 16:15 UTC

Sell AUD/CAD @ 1.00639 By Signal Factory | SL:1.01039 | TP:0.99839 | 2017.02.24 16:12...

Buy EUR/AUD @ 1.37654 By Signal Factory
Friday, 24 February 2017 16:15 UTC

Buy EUR/AUD @ 1.37654 By Signal Factory | SL:1.37254 | TP:1.38454 | 2017.02.24 16:01...

Buy GBP/NZD @ 1.73410 By Signal Factory
Friday, 24 February 2017 15:45 UTC

Buy GBP/NZD @ 1.73410 By Signal Factory | SL:1.73010 | TP:1.74210 | 2017.02.24 15:42...

Forex Articles

Roses Are Red... and So's Been EURUSD's Trend
Friday, 17 February 2017 04:44 UTC

By Elliott Wave International Today, February 14, is Valentine's Day. But instead of chocolate hearts and red roses, we're going to give investors and traders the ultimate gift -- namely, the gift of knowledge. According to mainstream financial...

How to Easily ID Support and Resistance on Your Charts
Tuesday, 14 February 2017 04:26 UTC

By Elliott Wave International You've probably heard the terms "support" and "resistance." Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse. There are many...

How Can The Elliott Wave Principle Improve My Trading?
Saturday, 11 February 2017 11:26 UTC

By Elliott Wave International Answer: Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high-confidence price...

Elliott Wave Analysis: Where the RUBBER Meets the Road
Friday, 10 February 2017 05:35 UTC

By Elliott Wave International There are nearly 50 commodity markets traded all over the world at any given time. That's one for every state in the United States. So, how is an investor or trader supposed to know which of these markets to follow and...

MACD: Learn to Recognize Trade Setups
Friday, 03 February 2017 03:21 UTC

By Elliott Wave International Just as there are patterns in price, there are also patterns in momentum indicators. These patterns can support your Elliott wave analysis and help you identify tradable moves in price. In this 10-minute lesson from...

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