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...

AUDUSD Daily Analysis – April 27, 2017

by ForexCycle.com | April 27, 2017 4:24 am
AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only...

AUDUSD Daily Analysis – April 26, 2017

by ForexCycle.com | April 26, 2017 1:51 am
AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400...

GBPJPY Triangle Breakout (Apr 25, 2017)

by Kate Curtis | April 25, 2017 11:40 am
GBPJPY recently had lower highs and found support at the 137.00 major psychological level, creating a descending triangle pattern. Price just recently broke above the resistance at 139.00, indicating that bulls are taking control of price action....