EURUSD Weekly Analysis – May 14, 2017

by ForexCycle.com | May 14, 2017 7:03 am
EURUSD broke below 1.0850 support, indicating that the short term uptrend from 1.0569 had completed at 1.1021 already. Another fall towards the bottom of the price channel on daily chart could be expected in a couple of...

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...

GBPUSD Daily Analysis – May 12, 2017

by ForexCycle.com | May 12, 2017 1:20 am
GBPUSD is testing that support of the bottom of the ascending price channel on 4-hour chart and it is also facing the key support of 1.2831. A breakdown below 1.2831 key support will indicate that the upward...

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...

GBPUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:35 am
GBPUSD remains in uptrend from 1.2365, the fall from 1.2988 is likely consolidation of the uptrend. Near term support is at the bottom of the rising price channel on 4-hour chart. As long as the pair is...

USDJPY Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:05 am
USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom...

GBPUSD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:03 am
GBPUSD stays in the rising price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be...

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...

USDJPY Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:58 am
USDJPY failed to break below the support of the price channel on 4-hour chart and continued its upward movement from 108.13. As long as the pair remains in the channel, the upward movement could be expected to...