USDCHF Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:21 am
USDCHF stays in a downward price channel on daily chart, and remains in downtrend from 0.9751 (Jul 9, 2013 high). Resistance is located at the upper line of the channel, as long as the channel resistance holds,...

USDJPY Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:21 am
USDJPY is facing the 100.75 key support, a breakdown below this level will indicate that the downtrend from 105.44 has resumed, then deeper decline to 95.00 area could be seen. On the upside, as long as 100.75...

AUDUSD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:20 am
AUDUSD is facing the support of the bottom of the price channel on daily chart. As long as the channel support holds, the fall from 0.9461 would possibly be consolidation of the uptrend from 0.8660, one more...

GBPUSD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:19 am
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low). Near term support is located at the bottom of the channel, as long as the channel support...

EURUSD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:18 am
EURUSD moved sideways in a range between 1.3672 and 1.3966. The price action in the range is likely consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). As long as 1.3672 support holds, the uptrend could...

Inside Story: What It Means When the DJIA Goes Post-Industrial

by ForexCycle.com | April 26, 2014 6:42 am
By Elliott Wave International Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it’s all about...

USDCAD Daily Analysis – April 24, 2014

by ForexCycle.com | April 24, 2014 12:52 am
USDCAD remains in uptrend from 1.0857 and the rise extended to as high as 1.1053. Support is now at 1.1000, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDCHF Daily Analysis – April 24, 2014

by ForexCycle.com | April 24, 2014 12:52 am
After touching the upward trend line on 4-hour chart, USDCHF rebounded from 0.8807, indicating that the pair remains in uptrend from 0.8743. Further rise would likely be seen, and the target would be at 0.8900 area. Key...

USDJPY Daily Analysis – April 24, 2014

by ForexCycle.com | April 24, 2014 12:51 am
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 101.32 had completed at 102.72 already. Deeper decline would likely be seen, and next target would be at 101.50 area....

AUDUSD Daily Analysis – April 24, 2014

by ForexCycle.com | April 24, 2014 12:51 am
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. Resistance is located at the upper line of the channel, as long as the channel resistance holds, the downtrend could be...