Forex Market Analysis Bookmark and Share
Providing FREE Forex Analysis and Forex Trading Courses

  • Daily Forex Analysis – February 3, 2012
    USDCHF Analysis. USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one more fall towards 0.8900 is still [...]

  • Applying Fibonacci to Stock Market Patterns
    By Elliott Wave International Patterns are everywhere. We see them in the ebb and flow of the tide, the petals of a flower, or the shape of a seashell. If we look closely, we can see patterns in almost everything around us. The price movements of financial markets are also patterned, and Elliott wave analysis [...]

  • Daily Forex Analysis – February 2, 2012
    USDCHF Analysis. USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9594, the price action in the range between 0.9114 and 0.9249 is treated as consolidation of downtrend. As long as the channel resistance holds, we’d expect downtrend to resume, and another fall towards 0.8900 is still possible. Key [...]

  • How Does the Value of the U.S. Dollar Fit Into the Big Picture for the Economy?
    By Elliott Wave International More credit is denominated in U.S. dollars than any other currency. What does this mean for the value of the dollar as the credit crisis continues its strangle-hold on the world economies? Enjoy this video clip of Bob Prechter from an October interview with The Mind of Money host Douglass Lodmell, [...]

  • This Free Video From Bob Prechter is Vital to Your Financial Future
    Bob Prechter is well known for his ability to look past the latest headlines and dig deep into the numbers to identify what is really going on in the markets and economy. This high-quality, insightful analysis challenges the investment myths that we have all been taught over the years and offers an independent way to [...]

  • Daily Forex Analysis – February 1, 2012
    USDCHF Analysis. USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, the bounce from 0.9114 is treated [...]

  • Daily Forex Analysis – January 31, 2012
    EURUSD Analysis. After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below 1.3077 will suggest that a cycle [...]

  • Daily Forex Analysis – January 30, 2012
    AUDUSD Analysis. Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support holds, the fall [...]

  • Technical Indicators: A Love-Hate Relationship
    By Elliott Wave International Trading using technical indicators — such as the MACD, for example — can do one of two things: help you or hurt you. Elliott Wave International’s Jeffrey Kennedy explains what he loves and hates about technical indicators and shows you how he uses them to his advantage in this excerpt from [...]

  • Credit Crisis: Are We Set Up for The Perfect Storm?
    By Elliott Wave International In this video clip, taken from Robert Prechter’s interview with The Mind of Money, Prechter and host Douglass Lodmell discuss "real" money vs the FIAT money system, and what is backing your dollars under our current system. Enjoy this 4-minute clip and then watch Prechter’s full 45-minute interview here >> Watch [...]

  • Daily Forex Analysis – January 27, 2012
    USDCHF Analysis. USDCHF’s downward movement from 0.9594 extended to as low as 0.9156. Resistance is now at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 0.9050 area. On the upside, a clear break above the trend [...]

  • Learn to Find Trading Opportunities Using Fibonacci in This Free eBook
    Elliott Wave International has just released a free 14-Page eBook, How You Can Use Fibonacci to Improve Your Trading. Created from a $129 two-volume set, it’s available free until February 6. Learn more here. You may be missing trading opportunities that are staring you in the face. The charts you look at every day could [...]

  • Daily Forex Analysis – January 25, 2012
    USDJPY Analysis. USDJPY broke above 77.32 resistance, and reached as high as 77.84, suggesting that the downtrend from 78.21 had completed at 76.55 already. Further rise could be expected after a minor consolidation, and next target would be at 78.00-78.50 area. USDCHF Analysis. USDCHF remains in downtrend, and the fall from 0.9594 extended to as [...]

  • Daily Forex Analysis – January 24, 2012
    USDJPY Analysis. USDJPY is forming a sideways consolidation in a range between 76.55 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above this level will confirm that the downtrend 78.21 has completed at 76.55 already, then the following upward move [...]

  • Daily Forex Analysis – January 23, 2012
    USDCHF Analysis. USDCHF failed to break below 0.9304 support and rebounded from 0.9305 last Friday, however, another fall to re-test this support is still possible later today, a breakdown below it will suggest that the uptrend from 0.8569 (Oct 27, 2011 low) has completed at 0.9594 already, then the following downward movement could bring price [...]

  • Daily Forex Analysis – January 20, 2012
    AUDUSD Analysis. AUDUSD remains in uptrend from 0.9861, the price action from 1.0448 is treated as consolidation of uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as this channel support holds, uptrend could be expected to resume, and one more rise towards 1.0600 is still possible. On [...]

  • Daily Forex Analysis – January 19, 2012
    AUDUSD Analysis. AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Support is at 1.0300, as long as this level holds, the price action from 1.0448 is treated as consolidation of uptrend, and one more rise towards 1.0600 is still possible. However, a breakdown below 1.0300 will indicate [...]

  • Daily Forex Analysis – January 18, 2012
    AUDUSD Analysis. AUDUSD broke above 1.0385 resistance and continued its upward movement from 0.9861. Further rise is expected after a minor consolidation, and next target would be at 1.0500 area. Support is now at 1.0300, as long as this level holds, uptrend could be expected to continue, however, a breakdown below this level will indicate [...]

  • Daily Forex Analysis – January 16, 2012
    AUDUSD Analysis. AUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145 support holds, the price action in the trading range is treated as consolidation of uptrend from 0.9861, and [...]

  • Five Fatal Flaws of Trading
    By Elliott Wave International Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit — and more importantly, do it consistently. How do they do that? That’s an age-old question. While there is no magic formula, EWI Senior Instructor Jeffrey Kennedy [...]

Recommended Forex Trading Platforms

Voted Best Trading Platform of the year 2011 by World Finance Magazine, 4XP is the premier online broker, offering commission-free Forex, CFD’s, tight fixed spreads and real-time prices. 4XP offers cutting-edge software, advanced charting, mobile trading, daily analysis and 24 hour multilingual support.