How to Use Donchian Channels to Trade Trends and Breakouts

by ForexCycle.com | November 12, 2023 12:34 pm
In the world of financial markets, traders are constantly seeking tools and strategies that can provide them with an edge in making profitable decisions. One such tool that has gained popularity among traders is Donchian Channels. Donchian...

NZDJPY Double Bottom Breakout (Jun 09, 2017)

by Kate Curtis | June 9, 2017 11:14 am
NZDJPY could be in for a long-term climb as it broke past the neckline of its double bottom pattern on the daily time frame. Price was unable to break below the 75.00-75.50 area in its last two...

AUDUSD Daily Analysis – April 27, 2017

by ForexCycle.com | April 27, 2017 4:24 am
AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only...

GBPJPY Triangle Breakout (Apr 25, 2017)

by Kate Curtis | April 25, 2017 11:40 am
GBPJPY recently had lower highs and found support at the 137.00 major psychological level, creating a descending triangle pattern. Price just recently broke above the resistance at 139.00, indicating that bulls are taking control of price action....