EURJPY Stays Above Ascending Trend Line

by ForexCycle.com | October 11, 2017 8:50 am
EURJPY stays above an ascending trend line on its daily chart, indicating that the price remains in the uptrend from 114.85. As long as the trend line support holds, the upside movement could be expected continue. On...

NZDUSD Broke Below Important Support At 0.7131

by ForexCycle.com | October 10, 2017 10:45 am
The NZDUSD pair recently broke below an important support level at 0.7131 and extended its bearish movement from 0.7557 to as low as 0.7055, indicating that the bearish movement from 0.7557 has resumed. Further decline towards 0.6817...

EURGBP’s Correction Rebound Extended To 0.8992

by ForexCycle.com | October 9, 2017 8:42 am
EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the...

AUDUSD Broke Below Major Support Level At 0.7807

by ForexCycle.com | October 6, 2017 8:50 am
After breaking below a bullish trend line on the daily chart, AUDUSD continued to break below an important support level at 0.7807 and extended its downside movement to as low as 0.7743, confirming that the bullish movement...

USDCAD Remains In Downtrend From 1.3793

by ForexCycle.com | October 5, 2017 8:13 am
USDCAD recently broke above the resistance trend line of the price channel on the daily chart, suggesting that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.2061 and 1.2778 would likely be seen...

Gold Price Forming Triangle Pattern On Weekly Chart

by ForexCycle.com | October 4, 2017 4:55 am
XAUUSD stays below a bearish trend line now at around 1291.35 on its 4-hour chart and remains in the downtrend from 1357.45. As long as the price is below the trend line, the downtrend could be expected...

GBPUSD Failed To Break Above Long Term Bearish Trend Line

by ForexCycle.com | October 3, 2017 11:35 pm
GBPUSD failed in its attempt to breakout of the long term resistance trend line from 1.7190 to 1.5016 on the weekly chart and pulled back from 1.3657, suggesting that a short term top had been formed. On...

USDCNH Broke Above Major Resistance Trend Line

by ForexCycle.com | October 2, 2017 11:47 am
USDCNH extended its upside movement from 6.4412 to as high as 6.6777, breaking through a major bearish trend line on its daily chart, confirming that the bearish movement from 6.8588 had completed at 6.4412 already. On the...

EURGBP Broke Out Of Price Channel And Formed Sideways Movement

by ForexCycle.com | September 29, 2017 3:28 pm
EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway. The EURGBP pair...

NZDUSD Moves In Falling Price Channel

by ForexCycle.com | September 27, 2017 6:40 am
NZDUSD stays in a falling price channel on its 4-hour chart, suggest that the pair remains in the downtrend from 0.7428. As long as the as the price is in the channel, the downside move could be...