Practice, Practice, Practice Makes Perfect Elliott Wave Analysis

by ForexCycle.com | September 18, 2016 8:00 am
By Elliott Wave International In this new interview with our Senior Instructor Jeffrey Kennedy, he tells you about the four key principles that’ll help improve your Elliott wave skills. See how sharp your wave counting skills are...

USDCAD Weekly Analysis – September 18, 2016

by ForexCycle.com | September 18, 2016 7:54 am
USDCAD is facing the resistance of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Near term support is at 1.3100, a breakdown below this level could...

USDJPY Weekly Analysis – September 18, 2016

by ForexCycle.com | September 18, 2016 7:53 am
USDJPY stayed in a trading range between 98.97 and 107.48 for several months. As long as 107.48 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 123.75 (Nov...

AUDUSD Weekly Analysis – September 18, 2016

by ForexCycle.com | September 18, 2016 7:52 am
AUDUSD broke below 0.7489 support, indicating that the upward movement from 0.7144 had completed at 0.7755 already. The pair is now in downtrend. Further decline could be expected over the next several weeks, and next target would...

GBPUSD Weekly Analysis – September 18, 2016

by ForexCycle.com | September 18, 2016 7:52 am
GBPUSD failed to break above 1.3480 resistance, and stayed in the trading range between 1.2795 and 1.3480. Deeper decline to test 1.2795 support would likely be seen next week, a breakdown below this level will signal resumption...

EURUSD Weekly Analysis – September 18, 2016

by ForexCycle.com | September 18, 2016 7:51 am
EURUSD is facing the support of the price channel on daily chart. A clear break below the channel support will indicate that the upward movement from 1.0911 had completed at 1.1366 already, then the following downward movement...

USDCAD Daily Analysis – September 16, 2016

by ForexCycle.com | September 16, 2016 12:15 am
Being contained by 1.3252 (Jul 27 high) resistance, USDCAD pulled back from 1.3235, indicating that consolidation of the uptrend from 1.2822 is underway. Range trading between 1.3080 and 1.3235 would likely be seen in a couple of...

USDJPY Daily Analysis – September 16, 2016

by ForexCycle.com | September 16, 2016 12:14 am
USDJPY is forming a sideways consolidation in a range between 101.20 and 103.35. Support is at 101.20, a breakdown below this level could bring price to test 99.52 support. Resistance is at 103.35, only break above this...

AUDUSD Daily Analysis – September 16, 2016

by ForexCycle.com | September 16, 2016 12:13 am
AUDUSD is in consolidation of the downtrend from 0.7731. Range trading between 0.7441 and 0.7567 would likely be seen over the next several days. Resistance is now at 0.7567, as long as this level holds, the downtrend...

GBPUSD Daily Analysis – September 16, 2016

by ForexCycle.com | September 16, 2016 12:13 am
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to 1.2900 area is...