NZDUSD Is Testing Trend Line Resistance

by ForexCycle.com | June 22, 2017 8:40 am
The NZDUSD pair is facing the resistance of the descending trend line from the September 2016 high of 0.7484 to the February 7 high of 0.7374, now at around 0.7275 on its daily chart. After touching the...

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 Broke Below Trend Line Support

by ForexCycle.com | June 20, 2017 5:52 am
Under pressure by the resistance of the November 2016 high of 1.1299, the EURUSD pair pulled back from 1.1295 and broke below the major bullish support trend line at 1.1160 on its daily chart, indicating that a...

USDJPY Broke Above Trend Line Resistance

by ForexCycle.com | June 19, 2017 5:55 am
The USDJPY pair failed to break below the April 17 low of 108.13 and recently moved above the bearish trend line from 111.71 to 110.81 at 110.15 on its 4-hour chart, suggesting that the bearish movement from...

USDCNH Rebounded Away From Channel Support

by ForexCycle.com | June 16, 2017 8:53 am
After breaking above the bearish trend line from 6.8876 to 6.8351 on its 4-hour chart, the USDCNH pair continued to break above the major resistance at the June 2 high of 6.7918, and is now trades in...

USDJPY Still Under Pressure

by ForexCycle.com | June 15, 2017 8:14 am
USDJPY stays below the bearish trend line from 111.71 to 110.81 with resistance at around 110.20 on its 4-hour chart, suggesting that the pair remains in bearish movement from the May 11 high of 114.36. As long...

GBPUSD Broke below 1.2755 Support

by ForexCycle.com | June 14, 2017 5:40 am
GBPUSD recently broke below 1.2755 support on its daily chart, indicating that the short term bullish movement from the March 14 low of 1.2109 had completed at the May 18 high of 1.3047 already. Further decline would...

USDCAD Broke below Channel Support

by ForexCycle.com | June 13, 2017 5:38 am
USDCAD broke below the bottom trend line at 1.3435 of the price channel on its daily chart, suggesting that the uptrend started from the January 31 low of 1.2968 had completed at the May 5 high of...

Gold Price Failed to Break above 1.295.44 Resistance

by ForexCycle.com | June 12, 2017 1:43 am
Under pressure by the resistance of the April 17 high of 1295.44, XAUUSD pulled back to 1265 and broke below the bullish trend line from the May 9 low of 1214.17 to the June 2 low of...

USDCNH Broke above Bearish Trend Line

by ForexCycle.com | June 9, 2017 7:49 am
USDCNH recently broke above the bearish trend line from the May 24 high of 6.8876 to the May 31 high of 6.8351 at 6.7725 on its 4-hour chart and is now facing the 6.7918 resistance. A break...