USDJPY Moved Above Channel Resistance

by ForexCycle.com | May 16, 2017 8:42 am
USDJPY moved above the top trend line of the descending price channel on daily chart, suggesting that the bearish movement from 118.66 had completed at 108.13 already. Further rise to test 115.50 resistance is still possible in...

USDCAD is Under Pressure by Ascending Price Channels

by ForexCycle.com | May 15, 2017 8:34 am
USDCAD is facing channels resistance. There is an ascending price channel on daily chart which acts as support at the bottom trend line and resistance at the top trend line. After the price touching the top trend...

USDCNH Moved in Ascending Price Channel on 4-hour Chart

by ForexCycle.com | May 12, 2017 6:05 am
USDCNH moves in the ascending price channel on 4-hour chart which is providing the near term support around 6.8910, indicating that the pair remains in the short term uptrend from 6.8680, and upward movement extended to as...

USDCNH Is Forming a Triangle Pattern on Daily Chart

by ForexCycle.com | May 11, 2017 8:28 am
USDCNH is in long term uptrend from 6.0152 (Jan 14, 2014 low). The highest record of this bullish movement is 6.9867 (Jan 3 high). After a sharp drop to 6.7817, the pair formed an ascending triangle pattern...

XAUUSD is facing trend line support

by ForexCycle.com | May 10, 2017 2:15 am
After touching the descending trend line on daily chart from 1375.11 (2016 high) to 1337.28, XAUUSD started a bearish movement from 1295.44. Now the fall extended to as low as 1214.19, facing the support of the rising...

Is EURUSD Under Pressure?

by ForexCycle.com | May 10, 2017 2:04 am
After the bullish movement that has ran for several months, EURUSD pair is now under pressure by the descending trend line on daily chart, from 1.1616 (2016 high) to 1.1299, now at 1.1000. There is also an...