AUDUSD Daily Analysis – September 5, 2014

by ForexCycle.com | September 5, 2014 2:30 am
AUDUSD broke above 0.9373 resistance, indicating that the uptrend from 0.9237 has resumed. Further rise could be expected, and next target would be at 0.9450 area. Support is at 0.9315, only break below this level could trigger...

GBPUSD Daily Analysis – September 5, 2014

by ForexCycle.com | September 5, 2014 2:29 am
GBPUSD continued its downward movement from 1.6643, and the fall extended to as low as 1.6286. Further decline could be expected after a minor consolidation, and next target would be at 1.6000 area. Resistance is at 1.6380,...

EURUSD Daily Analysis – September 5, 2014

by ForexCycle.com | September 5, 2014 2:29 am
EURUSD’s downward movement from 1.3411 extended to as low as 1.2920. Further decline could be expected after a minor consolidation, and next target would be at 1.2800 area. Resistance is at 1.3050, as long as this level...

USDCAD Daily Analysis – September 4, 2014

by ForexCycle.com | September 4, 2014 3:30 am
USDCAD remains in uptrend from 1.0810, the fall from 1.0942 is likely correction of the uptrend. Support levels are at 1.0870 and 1.0845, as long as these levels hold, the uptrend could be expected to resume, and...

USDCHF Daily Analysis – September 4, 2014

by ForexCycle.com | September 4, 2014 3:29 am
USDCHF remains in uptrend from 0.8997, the fall from 0.9212 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend...

USDJPY Daily Analysis – September 4, 2014

by ForexCycle.com | September 4, 2014 3:29 am
USDJPY remains in uptrend from 101.50, the fall from 105.30 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend...

AUDUSD Daily Analysis – September 4, 2014

by ForexCycle.com | September 4, 2014 3:28 am
AUDUSD is facing 0.9373 resistance, a break of this level will signal resumption of the uptrend from 0.9237, then next target would be at 0.9450 area. Support is at 0.9315, only break below this level could trigger...

GBPUSD Daily Analysis – September 4, 2014

by ForexCycle.com | September 4, 2014 3:27 am
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440. Further decline is still possible after a minor consolidation, and next target would be at 1.6200 area. Resistance is at 1.6510, only break above this level...

EURUSD Daily Analysis – September 4, 2014

by ForexCycle.com | September 4, 2014 3:27 am
EURUSD remains in downtrend from 1.3411, the rise from 1.3110 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...

Here’s Why Trendlines Are Your New Best Friend, Part 1

by ForexCycle.com | September 4, 2014 2:39 am
By Elliott Wave International If financial market speculation were easy, then everyone would be well off — and the legendary investor Warren Buffett would be just a nice rich guy from Omaha with really cool glasses. The...