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 January 23, 2017, Technical Analysis
Saturday, 21 January 2017 07:42 UTC
The USD/JPY pair tried to rally, but the Friday markets all the 115 level to be a bit resistive. If we can break above the top of the shooting star from Thursday, the market then should go much higher. Because of this, the market should then reach...USD/CAD Forecast January 23, 2017, Technical Analysis
Saturday, 21 January 2017 07:41 UTC
The USD/CAD pair had a positive session on Friday as we continue to grind to the upside. Now that we are broken above the uptrend line that previously had given way, it looks as if the market is going to continue to go even higher, perhaps...GBP/USD Forecast January 23, 2017, Technical Analysis
Saturday, 21 January 2017 07:39 UTC
The GBP/USD pair initially fell during the session on Friday, but turned around to form a hammer. The hammer of course is a bullish sign, and it looks as if we’re going to reach towards the 1.25 level above. That is a massive amount of resistance...EUR/USD Forecast January 23, 2017, Technical Analysis
Saturday, 21 January 2017 07:37 UTC
The EUR/USD pair initially fell on Friday, but found enough support near the 50-day exponential moving average to turn around and formed a hammer. There is a massive amount of resistance at the 1.0750 level, so I think that it’s a bit too much for...AUD/USD Forecast January 23, 2017, Technical Analysis
Saturday, 21 January 2017 07:30 UTC
The AUD/USD pair went back and forth during the day on Friday, as we continue to see support at the 0.75 handle underneath. If we can break down below there, the market will go much lower but I do recognize that there is a lot of support...USDJPY Downtrend Channel (Jan 20, 2017)
Friday, 20 January 2017 06:39 UTC
USDJPY continues to trend lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price is currently bouncing off the channel resistance at the 115.50 minor psychological level and could be due for...
Forex SignalsClose(TP) Buy GBP/USD @ 1.23764 By Signal Factory
Friday, 20 January 2017 19:30 UTC
Close(TP) Buy GBP/USD @ 1.23764 By Signal Factory | Profit: +80 pips | 2017.01.20 19:21...Buy EUR/CAD @ 1.42267 By Signal Factory
Friday, 20 January 2017 19:15 UTC
Buy EUR/CAD @ 1.42267 By Signal Factory | SL:1.41867 | TP:1.43067 | 2017.01.20 19:10...Close(SL) Sell GBP/USD @ 1.23510 By Signal Factory
Friday, 20 January 2017 17:30 UTC
Close(SL) Sell GBP/USD @ 1.23510 By Signal Factory | Loss: -40 pips | 2017.01.20 17:16...Close(SL) Buy NZD/JPY @ 82.077 By Signal Factory
Friday, 20 January 2017 17:16 UTC
Close(SL) Buy NZD/JPY @ 82.077 By Signal Factory | Loss: -40 pips | 2017.01.20 17:15...Sell NZD/USD @ 0.71610 By Signal Factory
Friday, 20 January 2017 17:15 UTC
Sell NZD/USD @ 0.71610 By Signal Factory | SL:0.72010 | TP:0.70810 | 2017.01.20 17:05...
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