Foreign Exchange (Forex) market services
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 December 8, 2016, Technical Analysis
Thursday, 08 December 2016 07:43 UTC
The USD/JPY pair went back and forth during the day on Wednesday as we continue to show quite a bit of volatility. I believe that sooner or later we should see a bit of a pullback in order to find enough support below to continue the longer-term...USD/CAD Forecast December 8, 2016, Technical Analysis
Thursday, 08 December 2016 07:42 UTC
The USD/CAD pair initially tried to rally during the day on Wednesday but continued to drop a bit as it looks like we are going to reach towards the 1.32 handle now. This is an area where we have an uptrend line coinciding with an area that had...GBP/USD Forecast December 8, 2016, Technical Analysis
Thursday, 08 December 2016 07:40 UTC
The British pound fell on Wednesday, testing the 1.2550 region. At this point, I believe that we could rally but the 50% Fibonacci retracement ratio has offered quite a bit of resistance. I think that we are starting to see the first vestiges of...EUR/USD Forecast December 8, 2016, Technical Analysis
Thursday, 08 December 2016 07:39 UTC
The EUR/USD pair rallied slightly during the day on Wednesday, as we continue to press against the 1.08 level above. I believe that as soon as we get the 1.0850 level above, we should see a nice selling opportunity as the market will roll over and...AUD/USD Forecast December 8, 2016, Technical Analysis
Thursday, 08 December 2016 07:38 UTC
The AUD/USD pair initially fell on Wednesday, but turned around to form a nice-looking hammer. It appears that we are trying to break above the 0.75 level, which has been massively resistive. If we can break above there, market should then reach...GBPJPY Ascending Trend Line (Dec 08, 2016)
Thursday, 08 December 2016 06:48 UTC
GBPJPY sold off recently but is still trading above an ascending trend line connecting the latest lows of price action on the 1-hour chart. Price is gearing up for a test of the support level, which lines up with the Fib levels. In particular, the...
Forex SignalsClose(SL) Buy GBP/NZD @ 1.75299 By Signal Factory
Thursday, 08 December 2016 17:15 UTC
Close(SL) Buy GBP/NZD @ 1.75299 By Signal Factory | Loss: -40 pips | 2016.12.08 17:07...Close(SL) Buy GBP/USD @ 1.25888 By Signal Factory
Thursday, 08 December 2016 15:00 UTC
Close(SL) Buy GBP/USD @ 1.25888 By Signal Factory | Loss: -40 pips | 2016.12.08 14:58...Close(TP) Buy GBP/CHF @ 1.28194 By Signal Factory
Thursday, 08 December 2016 14:30 UTC
Close(TP) Buy GBP/CHF @ 1.28194 By Signal Factory | Profit: +80 pips | 2016.12.08 14:17...Buy GBP/NZD @ 1.75699 By Signal Factory
Thursday, 08 December 2016 14:00 UTC
Buy GBP/NZD @ 1.75699 By Signal Factory | SL:1.75299 | TP:1.76499 | 2016.12.08 13:57...Close(SL) Sell USD/JPY @ 114.228 By Signal Factory
Thursday, 08 December 2016 13:46 UTC
Close(SL) Sell USD/JPY @ 114.228 By Signal Factory | Loss: -39 pips | 2016.12.08 13:44...
Forex ArticleseToro Review
Thursday, 24 November 2016 13:17 UTC
This eToro Review conducted by the team of professional experts at "ForexSQ.com" for those who want to know about the eToro. In 1997, as the deregulation of the Forex trading industry, there has been a huge propagation of internet based spot Forex...AvaTrade Review
Sunday, 06 November 2016 01:42 UTC
This AvaTrade review was conducted by "ForexSQ.com" experts for those who want to know about the AvaTrade forex broker. The AvaTrade company known before as AvaForex or AvaFX broker, Estd. In 2006, is among the topmost Fx brokers in the world with...Should I Use My Broker's Online Trading Platform?
Wednesday, 02 November 2016 04:29 UTC
The financial markets provide traders with a modern platform to access a wide range of assets and securities such as stocks, forex, commodities, and derivatives. However, it is practically impossible for anyone to trade in the global financial...Plus500 Review
Tuesday, 01 November 2016 07:03 UTC
This Plus500 review conducted by "ForexSQ.com" expert traders team for those traders want to know about the Plus500 company, All about Plus 500 ltd explain like Plus500 share price, Plus500 WebTrader, Read this Plus 500 reviews before open...HYCM Review
Thursday, 27 October 2016 14:47 UTC
This HYCM review conducted by the team of "ForexSQ" experts for those who want to know about how to open trading account with HYCM broker. The HYCM forex broker is the trading name of Henyep Capital Markets Ltd., a part of the Henyep Group, a...
Forex Market Analysis
Subscribe to Newsletter