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...

GBPUSD Remains in Uptrend from 1.2109

by ForexCycle.com | June 8, 2017 7:42 am
GBPUSD moved sideways in a trading range between 1.2756 and 1.3047. As long as the pair is above 1.2756 support, the sideways movement could be treated as consolidation of the uptrend from the March 14 low of...

Gold Is Facing 1295.44 Resistance

by ForexCycle.com | June 7, 2017 8:28 am
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance....

USDCNH Formed a Short Term Bottom

by ForexCycle.com | June 6, 2017 7:44 am
After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the downtrend continue? There is...

EURJPY Moved Sideways between 122.55 and 125.81

by ForexCycle.com | June 5, 2017 4:57 am
After breaking above the major resistance of the December 2016 high of 124.09, EURJPY formed as sideways movement in a trading range between 122.55 and 125.81. All we can do now is to wait for the breakout...

EURUSD Might be Forming a Double Bottom Pattern

by ForexCycle.com | June 2, 2017 8:18 am
EURUSD might be forming a double bottom pattern on its weekly chart. The first bottom is at the March 2015 low of 1.0462, the second bottom is at the January 2017 low of 1.0340, and the neckline...

Bitcoin is in Consolidation of Uptrend

by ForexCycle.com | June 1, 2017 7:32 am
After hitting a new record of 2737, BTCUSD dropped sharply to as low as 1737. However, the fall would possibly be consolidation of the uptrend from 905. There is an ascending trend line from the March 25...

USDCNH Remains in Downtrend from 6.9171

by ForexCycle.com | May 31, 2017 6:08 am
After breaking below the triangle pattern on its daily chart, USDCNH dropped sharply to as low as 6.8010. Now the pair stays in a descending price channel on its 4-hour chart, indicating that the pair remains in...

USDCAD Is Facing Channel Support

by ForexCycle.com | May 30, 2017 5:22 am
USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the price is above the bottom trend line, the pair...

Gold Broke Above Triangle Pattern on 4-hour Chart

by ForexCycle.com | May 29, 2017 5:11 am
XAUUSD broke above the triangle patter on its 4-hour chart last Friday and continued its short term bullish movement from the May 9 low of 1214.17, and the price extended to as high as 1269.37. Near term...