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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.
GBPUSD Analysis - Jun 7, 2008
GBPUSD rebounded sharply from 1.9461. The rise from 1.9461 could possibly be resumption of up trend. Further rise to test 2.0029 resistance is expected in a couple of weeks. Key support is located at 1.9363, only break down below this level will signal resumption of long term down trend.
For long term analysis, the pair formed a long term cycle bottom at 1.9337 (Jan 22 low), the rise from 1.9363 could possibly be resumption of the long term up trend, and rebound to 2.0500 area to reach the next cycle top on weekly chart is now in favor.
Daily Forex ReportsUSD/JPY Forecast October 21, 2016, Technical Analysis
Friday, 21 October 2016 06:52 UTC
The USD/JPY pair rallied during the day on Thursday, but as you can see there is still an area of resistance just above that we cannot get past at the moment. If we can break above the 105 level, I think that the market could continue to go much...USD/CAD Forecast October 21, 2016, Technical Analysis
Friday, 21 October 2016 06:51 UTC
The USD/CAD pair broke higher during the course of the session on Thursday, clearing the 1.32 level at one point. Any pullback at this point in time should continue to find plenty of support below, as we have broken above the past couple of highs...GBP/USD Forecast October 21, 2016, Technical Analysis
Friday, 21 October 2016 06:50 UTC
The GBP/USD pair fell slightly during the day on Thursday, and then bounced a bit the form a candle that looks a bit like a hammer. At the end of the day though, I have no interest in buying the British pound although I do think we are stabilizing...EUR/USD Forecast October 21, 2016, Technical Analysis
Friday, 21 October 2016 06:49 UTC
The EUR/USD pair initially tried to rally during the day on Thursday, but found enough resistance above the 1.10 level to turn things back around and fall rather significantly. Although this is an area that I have said previously should be resistive...AUD/USD Forecast October 21, 2016, Technical Analysis
Friday, 21 October 2016 06:48 UTC
The AUD/USD pair fell rather significantly during the course of the day on Thursday, forming a very significant bearish candle. In that being the case it’s likely that the markets will continue to see quite a bit of volatility and push back from...USDCAD Countertrend Setup (Oct 21, 2016)
Friday, 21 October 2016 05:48 UTC
USDCAD bounced off the ascending channel support around the 1.3100 area recently and is on its way to test resistance at 1.3300-1.3350. If this area holds as a ceiling, price could head back down for another test of support. The 100 SMA is above the...
Forex SignalsSell GBP/NZD @ 1.70311 By Signal Factory
Friday, 21 October 2016 15:00 UTC
Sell GBP/NZD @ 1.70311 By Signal Factory | SL:1.70711 | TP:1.69511 | 2016.10.21 14:58...Sell GBP/USD @ 1.22180 By Signal Factory
Friday, 21 October 2016 14:45 UTC
Sell GBP/USD @ 1.22180 By Signal Factory | SL:1.22580 | TP:1.21380 | 2016.10.21 14:32...Buy AUD/CAD @ 1.01308 By Signal Factory
Friday, 21 October 2016 14:30 UTC
Buy AUD/CAD @ 1.01308 By Signal Factory | SL:1.00908 | TP:1.02108 | 2016.10.21 14:17...Buy GBP/AUD @ 1.60338 By Signal Factory
Friday, 21 October 2016 13:45 UTC
Buy GBP/AUD @ 1.60338 By Signal Factory | SL:1.59938 | TP:1.61138 | 2016.10.21 13:36...Sell EUR/AUD @ 1.42881 By Signal Factory
Friday, 21 October 2016 13:15 UTC
Sell EUR/AUD @ 1.42881 By Signal Factory | SL:1.43281 | TP:1.42081 | 2016.10.21 13:01...
Technical Analysis ArticlesHow to Buy Forex EA, Systems, Indicators?
Monday, 12 September 2016 07:11 UTC
Forex EA, systems and indicators are necessary for every trader who wants to trade in the Forex market, and make the most of each trade. There are both leading and lagging indicators that you can use. However, before you actually use them, you...Tips on Choosing the Right Forex Broker
Wednesday, 29 January 2014 14:43 UTC
According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible to windfall profits and...The Two Types of Forex Trading Spreads
Tuesday, 17 December 2013 04:31 UTC
A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader's price is 4.000 and a broker's offer is 3.500, the difference between them is .500. Thus, the spread is...What are the political and economic factors associated with forex trading?
Thursday, 24 October 2013 12:32 UTC
For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets...What's the best way to trade Martingale Forex Trading Strategies?
Monday, 07 October 2013 08:19 UTC
We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader's portfolio. The following tips seek to reduce the overall risk and increase the overall success for Martingale...
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