GBPUSD Weekly Analysis – May 27, 2017

by ForexCycle.com | May 27, 2017 6:25 am
GBPUSD moved below the rising trend line support at 1.2820 on its daily chart and is now facing the 1.2756 key support. A breakdown below this level will confirm that the bullish movement from 1.2109 had completed...

EURUSD Weekly Analysis – May 27, 2017

by ForexCycle.com | May 27, 2017 6:20 am
EURUSD remains in uptrend from 1.0569, the fall from 1.1268 could be treated as consolidation of the uptrend. Near term support is at the rising trend line on daily chart. As long as the trend line support...

USDCNH Broke Below 6.8680 Key Support

by ForexCycle.com | May 26, 2017 5:43 am
After breaking below the lower support trend line of the triangle patter on the daily chart, USDCNH continued to break through the 6.8680 key support, indicating that the bearish movement from the January 3 high of 6.9867...

EURGBP Might Be Forming Double Bottom Pattern

by ForexCycle.com | May 24, 2017 5:47 am
EURGBP might be forming a double bottom pattern on its daily chart. The first bottom is at the December 2016 low of 0.8304, and the second bottom is at the April 18 low of 0.8313. The neckline...

EURUSD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:38 am
EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair...

Gold Rebounded Away From Trend Line

by ForexCycle.com | May 23, 2017 7:57 am
After touching the ascending trend line from 1180.51 to 1194.94 on daily chart, XAUUSD rebounded strongly to 1265. Further rise to test the resistance of the descending trend line from the July 2016 high of 1375.11 to...

USDCAD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:09 am
USDCAD’s bearish movement from 1.3793 extended to as low as 1.3483. Further decline is still possible after consolidation and next target would be at 1.3400 area. Resistance is at the falling trend line on 4-hour chart, only...

AUDUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:06 am
AUDUSD broke above the descending trend line 4-hour chart, indicating that the bearish movement from the March 21 high of 0.7749 had completed at 0.7328 already. The pair is now in uptrend. As long as the pair...

EURUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:03 am
EURUSD’s bullish movement extended to as high as 1.1263. Near term support is at the rising trend line on 4-hour chart. As long as the trend line support holds, the bullish movement could be expected to continue...

USDCAD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:42 am
USDCAD remains in bearish movement from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected and next target would be at around 1.3450. Near term resistance is at the falling trend...