EURGBP Broke Out Of Price Channel And Formed Sideways Movement

by ForexCycle.com | September 29, 2017 3:28 pm
EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway. The EURGBP pair...

NZDUSD Moves In Falling Price Channel

by ForexCycle.com | September 27, 2017 6:40 am
NZDUSD stays in a falling price channel on its 4-hour chart, suggest that the pair remains in the downtrend from 0.7428. As long as the as the price is in the channel, the downside move could be...

GBPUSD Facing Major Resistance Trend Line On Weekly Chart

by ForexCycle.com | September 22, 2017 12:29 pm
GBPUSD extended its upside movement from 1.1946 to as high as 1.3652, facing a major resistance trend line from 1.7190 to 1.5016 on its weekly chart. As long as the price is below the trend line, the...

Gold Price Moved Below Major Support Trend Line

by ForexCycle.com | September 21, 2017 11:27 am
XAUUSD failed to break above the descending trend line from 1357.45 to 1334.29 on its 4-hour chart and extended its downside movement to as low as 1293.25. On the daily chart, the XAUUSD pair moved below a...

AUDUSD Broke Below Trend Line Support At 0.7975

by ForexCycle.com | September 20, 2017 8:34 am
After failing in its two attempts to break above the resistance of the May 2015 high of 0.8162, AUDUSD pulled back from 0.8124 and broke below a major support trend line at 0.7975 on its daily chart,...

USDCNH Facing Major Trend Line Resistance At 6.6060

by ForexCycle.com | September 19, 2017 8:27 am
USDCNH rebounded sharply from 6.4412 after several months of steady decline, facing a major resistance trend line on its daily chart now at around 6.6060. The trend line would act as the key resistance for the bearish...

Gold Price Is Facing Trend Line Support

by ForexCycle.com | September 18, 2017 10:37 am
XAUUSD stays below a bearish trend line on its 4-hour chart and remains in the short term downtrend from 1357.45. As long as the price is below the trend line, the downside movement could be expected to...

EURGBP Broke Below Trend Line Support

by ForexCycle.com | September 15, 2017 9:36 am
EURGBP recently broke below the bullish trend line at 0.9050 on its daily chart. The subsequent fall had taken price to as low as 0.8866, indicating that the upside movement from 0.8313 had completed at 0.9306 already....

EURUSD Is Facing Channel Support

by ForexCycle.com | September 14, 2017 9:29 am
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the fall from 1.2092 could be treated as consolidation of...

GBPJPY Move Sideways On Weekly Chart

by ForexCycle.com | September 12, 2017 10:09 am
GBPJPY moved sideways in a trading range between 135.59 and 148.44 for several months. The sideways movement is likely consolidation of the uptrend from 122.36. As long as 135.59 key support holds, the uptrend could be expected...