Seeking Certainty in Uncertain Times? Draw a Trendline — Learn How

by ForexCycle.com | July 8, 2020 10:09 pm
By Elliott Wave International Elliott Wave International’s online trading course teaches traders how to identify, draw, and use trendlines to seize high-confidence set-ups in any market, on any time frame — Now FREE through July 14! Today,...

The Most Profitable Forex Strategy You Need to Learn

by ForexCycle.com | December 10, 2019 12:21 pm
Forex strategies help investors to stick to a particular plan when trading currencies. The discipline has proven to be elemental in increasing profits generated from Forex markets. Forex strategies can be based on technical analysis or vital,...

How a Simple Line Can Improve Your Trading Success

by ForexCycle.com | January 9, 2018 8:45 am
By Elliott Wave International The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, “Trading the Line — 5 Ways You Can Use Trendlines to Improve Your Trading Decisions.” “How to draw a trendline” is one...

Gold Price Broke Below Major Support Trend Line

by ForexCycle.com | July 4, 2017 6:58 am
XAUUSD’s downside movement from the June 6 high of 1295.94 extended to as low as 1218.45, breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17...

Gold Price Is Facing Trend Line Support

by ForexCycle.com | June 21, 2017 6:05 am
After breaking below the bullish trend line from 1214.17 to 1258.92 at 1270 on its 4-hour chart, XAUUSD started a bearish movement from the June 6 high of 1295.94, and the bearish movement extended to as low...

EURUSD Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 2:53 am
EURUSD’s bullish movement from 1.0569 extended to as high as 1.1285. Near term support is at the ascending trend line on its daily chart. As long as the pair is above the trend line, the bullish move...

Gold Is Facing 1295.44 Resistance

by ForexCycle.com | June 7, 2017 8:28 am
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance....

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 Daily Analysis – June 6, 2017

by ForexCycle.com | June 6, 2017 1:37 am
USDCAD broke below the ascending trend line on its 4-hour chart, indicating that the rise from 1.3387 is complete. Deeper decline to test 1.3387 support would likely be seen and a breakdown below this level will confirm...