How One Forecasting Tool Defied the Bull Market Naysayers

by ForexCycle.com | June 13, 2017 2:05 am
By Elliott Wave International The Elliott wave model often indicates a stock market outlook that’s at odds with the sentiment of the crowd. But, that’s okay. The crowd is usually wrong at major market turns. For example,...

USDCAD Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 3:01 am
USDCAD is testing the support of the bullish price channel on its daily chart. A clear break out of the channel support will indicate that the uptrend from 1.2968 had completed at 1.3793 already, then deeper decline...

USDCNH Formed a Short Term Bottom

by ForexCycle.com | June 6, 2017 7:44 am
After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the downtrend continue? There is...

USDCAD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:40 am
After touching the support of the bottom trend line of the bullish price channel on the daily chart, USDCAD rebounded from 1.3387. However, the price action of the rebound is likely consolidation of the short term downtrend...

Bitcoin is in Consolidation of Uptrend

by ForexCycle.com | June 1, 2017 7:32 am
After hitting a new record of 2737, BTCUSD dropped sharply to as low as 1737. However, the fall would possibly be consolidation of the uptrend from 905. There is an ascending trend line from the March 25...

GBPUSD Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:38 am
GBPUSD is facing the resistance of the bottom trend line of the price channel on 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of...

EURUSD Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:37 am
EURUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the short term downtrend from 1.1267 had completed at 1.1109 already. Now the pair is facing 1.1267 resistance, a break...

USDCNH Remains in Downtrend from 6.9171

by ForexCycle.com | May 31, 2017 6:08 am
After breaking below the triangle pattern on its daily chart, USDCNH dropped sharply to as low as 6.8010. Now the pair stays in a descending price channel on its 4-hour chart, indicating that the pair remains in...

USDCAD Daily Analysis – May 31, 2017

by ForexCycle.com | May 31, 2017 1:45 am
USDCAD broke above the top resistance trend line of price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.3387 and 1.3540 could be seen in a...

GBPUSD Daily Analysis – May 31, 2017

by ForexCycle.com | May 31, 2017 1:38 am
GBPUSD remains in downtrend from 1.3047, the rise from 1.2775 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2700 area. Resistance is at...