GBPUSD Is Facing Major Support Trend Line

by ForexCycle.com | August 16, 2017 5:30 am
GBPUSD pulled back from the August 3 high of 1.3267 and dropped sharply to 1.2845 area after failing in its attempt to break above 1.3444 resistance. On the upside The GBPUSD pair is now facing the support...

Gold Price Is Facing 1300 Resistance Again

by ForexCycle.com | August 14, 2017 6:09 am
After a minor consolidation, XAUUSD moved above 1274.08 resistance and extended its upside movement from 1204.77 to as high as 1292.05, facing the important psychological level at 1300 once again. On the upside The gold price stays...

USDCHF Failed To Break Channel Resistance

by ForexCycle.com | August 11, 2017 12:01 am
USDCHF pulled back from 0.9772 to as low as 0.9611 after approaching the top resistance trend line of the price channel on its daily chart, indicating that the pair remains in the downtrend from the December 2012...

EURJPY Dropped Sharply to 128.70

by ForexCycle.com | August 9, 2017 7:31 am
EURJPY dropped sharply to as low as 128.70 after breaking below a major support trend line at 130.35 on its 4-hour chart. Further decline is still possible in a couple of days. On the downside, the pair...

USDCNH Extended Its Bearish Move To 6.7006

by ForexCycle.com | August 8, 2017 8:52 am
USDCNH extended its bearish movement from 6.9867 to as low as 6.7006, breaking below the bottom support trend of the price channel at 6.7740 on its weekly chart, suggesting that the long term uptrend from the January...

Gold Price Broke A Bullish Trend Line

by ForexCycle.com | August 7, 2017 7:23 am
XAUUSD recently broke below the bullish support trend line at 1264 on its 4-hour chart, indicating that a short term top had been formed and correction pullback could be seen in the coming days. On the downside...

NZDUSD Broke Above 0.7484 Resistance

by ForexCycle.com | August 4, 2017 7:59 am
After breaking above the resistance of the September 2016 high of 0.7484 high, NZDUSD pulled back from 0.7557, suggesting that a short term top had been formed on the daily chart. On the upside, the pair stays...

EURUSD Broke Above Neckline Resistance

by ForexCycle.com | August 3, 2017 6:39 am
EURUSD broke above a major trend line from the August 2015 high of 1.1713 to the May 2016 high of 1.1616 at 1.1445 on the weekly chart, and extended its bullish movement to as high as 1.1908,...

USDCAD Broke Below 1.2460 Support

by ForexCycle.com | August 2, 2017 6:01 am
USDCAD recently broke below an important support level at the May 2016 low of 1.2460 and reached as low as 1.2413, confirming that the long term downtrend from the January 2016 high of 1.4689 had resumed. On...

GBPUSD Broke Above Channel Resistance

by ForexCycle.com | August 1, 2017 6:49 am
GBPUSD broke above the descending price channel at 1.3100 on its weekly chart, indicating that lengthier correction for the long term downtrend from the July 2014 high of 1.7190 is needed. On the 4-hour chart, the GBPUSD...