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August 18th, 2017, 8:07 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD remains in the downtrend from 1.3267, the bounce from 1.2841 is likely consolidation of the downtrend. Near term resistance is at top trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue ... Read more



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August 17th, 2017, 8:05 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750 area. On the upside, the pair is facing the bullish support trend line ... Read more



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August 16th, 2017, 6:17 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD extended its downside movement from 0.8065 to as low as 0.7807, facing the bullish trend line on its daily chart. A clear break below the trend line support could take price to next support level at around 0.7700. Near term resistance is at the top trend line of the ... Read more



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August 15th, 2017, 8:10 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD moved sideways in a narrow range between 1.2939 and 1.3030. As long as 1.3030 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3267, and further decline towards the bullish support trend line on the daily chart is possible after the consolidation. On the ... Read more



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August 11th, 2017, 12:31 pm | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and next target would ... Read more



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August 8th, 2017, 9:06 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the following bearish movement could bring price to test 1.2811 key support. On the ... Read more



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August 7th, 2017, 8:46 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD rebounded from 1.1728 after touching the bottom support trend line of the price channel on its 4-hour chart, indicating that the pair remains in the bullish movement from 1.1312. Key support is now at 1.1728, as long as this level holds, the bullish move could be expected to continue ... Read more



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August 4th, 2017, 8:04 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD remains in the uptrend from 1.1312, the pullback from 1.1908 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue ... Read more



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August 3rd, 2017, 7:24 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD broke above 1.2575 resistance, indicating that the downtrend from 1.3347 had completed at 1.2413 already. Further rally could be expected in a couple of days and next target would be at around 1.2690, followed by 1.2740. However, the rally from 1.2413 would possibly be correction of the downtrend from ... Read more



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August 2nd, 2017, 7:17 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.2000 area. On the downside, the price had reached the ... Read more



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August 1st, 2017, 7:29 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD’s bullish movement from 1.1312 extended to as high as 1.1845. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at ... Read more



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July 26th, 2017, 7:10 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

Under pressure by the top trend line of the price channel on its monthly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571. ... Read more



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July 25th, 2017, 7:51 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the import support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance ... Read more



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July 24th, 2017, 7:32 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD remains in uptrend from 1.2589, the pullback from 1.3125 could be treated as correction of the uptrend. Deeper decline to wards the bottom trend line of the price channel on its 4-hour chart is possible in a couple of days. As long as the channel support holds, the uptrend ... Read more



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July 21st, 2017, 7:11 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline ... Read more



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July 17th, 2017, 9:12 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD is testing the key resistance at 1.1450. A clear break above this level will confirm the double bottom pattern on the weekly chart, then the following long term bullish movement could bring price into 1.2700 zone. As the pair stays above the bullish trend line on the daily chart, ... Read more



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July 13th, 2017, 8:25 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

After touching 1.1450 key resistance, EURUSD pulled back to 1.1390 area, indicating that lengthier consolidation for the uptrend from 1.1118 is needed. Deeper decline could be expected in a couple of days and the target would be at 1.1350 area. However, as long as 1.1312 support holds, the uptrend from ... Read more



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July 12th, 2017, 9:07 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD remains in downtrend from 1.3347, the bounce from 1.2859 could be treated as consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to ... Read more



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July 10th, 2017, 7:43 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

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 1.1600 is still possible after the consolidation. On the downside, a breakdown below ... Read more



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June 30th, 2017, 4:57 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level holds, the downtrend could be expected to continue and next target would be ... Read more