AUDUSD Daily Analysis – July 11, 2017

by ForexCycle.com | July 11, 2017 1:32 am
AUDUSD remains in the short term downtrend from 0.7712, the bounce from 0.7571 is likely consolidation of the downtrend. Another fall to test 0.7535 support is still possible after the consolidation. A breakdown below this level will...

GBPUSD Daily Analysis – July 11, 2017

by ForexCycle.com | July 11, 2017 1:31 am
GBPUSD stays below a descending trend line on its 4-hour chart and is in downtrend from 1.3029. As long as the price is below the trend line, the downward movement could be expected to continue and next...

EURUSD Daily Analysis – July 11, 2017

by ForexCycle.com | July 11, 2017 1:30 am
EURUSD continued its sideways movement in a trading range between 1.1290 and 1.1445. The sideways movement is likely consolidation of the uptrend from 1.1118, another rise to test 1.1450 key resistance is still possible after the consolidation,...

Bitcoin Is Forming A Triangle Pattern

by ForexCycle.com | July 10, 2017 6:57 am
After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the...

USDCAD Daily Analysis – July 10, 2017

by ForexCycle.com | July 10, 2017 1:51 am
After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2859. Key resistance is at 1.3014, as long as this level holds, the downtrend could be expected to continue and...

USDJPY Daily Analysis – July 10, 2017

by ForexCycle.com | July 10, 2017 1:50 am
USDJPY’s bullish movement from 108.81 extended to as high as 114.19. Near term support is at the bottom trend line on the price channel on its 4-hour chart, and the key support is at 112.74, only a...

AUDUSD Daily Analysis – July 10, 2017

by ForexCycle.com | July 10, 2017 1:49 am
AUDUSD remains in uptrend from 0.7328 (May 9 low), the fall from 0.7712 could be treated as consolidation of the uptrend. Key support is at 0.7535, as long as this support holds, the uptrend could be expected...

GBPUSD Daily Analysis – July 10, 2017

by ForexCycle.com | July 10, 2017 1:49 am
GBPUSD broke below 1.2893 support, suggesting that the uptrend from 1.2589 had completed at 1.3029 already. Further decline could be expected and next target would be at 1.2750 area. Near term resistance is at the downward trend...

EURUSD Daily Analysis – July 10, 2017

by ForexCycle.com | July 10, 2017 1:48 am
EURUSD moved sideways in a trading range between 1.1290 and 1.1445. As long as the pair is above 1.1290 support, the sideways movement could be treated as consolidation of the uptrend from 1.1118 and further rise towards...

GBPAUD Channel Support (July 10, 2017)

by Kate Curtis | July 10, 2017 1:32 am
GBPAUD has been trading inside an ascending channel pattern visible on its 4-hour time frame and is currently testing support. A bounce could take it back up to the resistance at 1.7150 to 1.7200 while a breakdown...