search CFD Spy

Advertising





Most Popular


got trading broker knowledge? Why not Submit a rating and review today!
Compare Online Trading brokers

1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 19th, 2016, 4:07 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

The market of foreign exchange also called the Forex market in short has become a huge sensation in the past few years. One of the biggest reasons for its popularity is the ease with which you can enter the market without being a professional trader. And what's more, making a ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 19th, 2016, 3:33 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD broke below 1.1198 support and continued its downward movement from 1.1326. Further decline to test 1.1123 support is possible after a minor consolidation, a breakdown below this level will confirm that the longer term downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 18th, 2016, 10:33 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD is facing the support of the price channel on daily chart. A clear break below the channel support will indicate that the upward movement from 1.0911 had completed at 1.1366 already, then the following downward movement could bring price to 1.0600 zone. However, as long as the channel support ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 16th, 2016, 1:21 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD moved sideways in a narrow range between 1.1198 and 1.1285. As long as 1.1285 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.1326, and further decline to 1.1000 area is possible after consolidation. On the upside, a break of 1.1285 ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 15th, 2016, 2:54 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. On the upside, a clear break above the trend line resistance ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 14th, 2016, 3:04 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3445 already. Resistance is located at the downward trend line. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and next ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 11th, 2016, 12:05 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD stays in the upward price channel on daily chart, indicating that the pair remains in uptrend from 1.0911. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.2000 area. Only the downside, a clear break below the channel ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 9th, 2016, 4:09 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD stays in a upward price channel on 4-hour chart, indicating that the pair remains in uptrend from 1.2865. Support is located at the bottom of the channel. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.3700 area. ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 8th, 2016, 12:11 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

Being contained by 1.3480 (Jul 15 high) resistance, GBPUSD pulled back from 1.3445. However, the fall would possibly be consolidation of the uptrend from 1.2865, another rise to test 1.3480 resistance is still possible after consolidation. Support is at the bottom of the price channel on 4-hour chart, only a ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 7th, 2016, 7:07 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDJPY broke below 102.80 support, indicating that the upward movement from 99.52 had completed at 104.31 already. Further decline to test 99.52 support is possible in a couple of days, a breakdown below this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) has resumed, ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 6th, 2016, 3:49 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend from 0.7755. Further decline could be expected after consolidation, and next target would be at 0.7250 area. ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 5th, 2016, 12:29 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD continued its upward movement from 1.2865, and the rise extended to as high as 1.3375. Further rise to test 1.3480 (Jul 15 high) resistance is possible. Near term support is at 1.3215, a breakdown below this level could bring price back to 1.2900 zone. Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 1st, 2016, 4:07 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123. Further decline is still possible after a minor consolidation, and next target would be at 1.1000 area. Resistance is at 1.1210, only break above this level will indicate that the downtrend had completed at ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

August 31st, 2016, 9:00 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD's downward movement from 1.1366 extended to as low as 1.1132. Resistance is at 1.1210, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1000 area. On the upside, a break of 1.1210 resistance will indicate that the downward movement ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

August 30th, 2016, 4:09 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD is in downtrend from 0.7755. Further decline could be expected in a couple of days, and next target would be at 0.7250 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could trigger another rise towards 0.8000. Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

August 29th, 2016, 12:59 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDJPY failed to break below 98.97 (Jun 24, 2016 low) support and rebounded strongly from 99.52, indicating that the downward movement from 107.48 had completed. Further rally could be expected in a couple of days, and next target would be at 106.00 area. Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

August 1st, 2016, 8:01 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

Being contained by the resistance of the downward trend line on daily chart, USDJPY pulled back from 107.48, indicating that the pair remains in downtrend from 123.75 (Nov 18, 2015 high), and the bounce from 98.97 could be treated as consolidation of the downtrend. Resistance is now at 107.48, as ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

October 13th, 2014, 3:55 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD is now in uptrend from 1.2500, the fall from 1.2791 is likely correction of the uptrend. Key support is at 1.2500, as long as this level holds, the uptrend could be expected to resume, and one more rise to 1.2850 area to complete the upward movement is possible. On ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

October 6th, 2014, 4:33 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

After consolidation, EURUSD continued its downward movement from 1.2994, and the fall extended to as low as 1.2500. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, further decline could be expected and next target would be at ... Read more



1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading...Loading...

September 29th, 2014, 4:58 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD continued its downward movement from 1.3411, and the fall extended to as low as 1.2666. Further decline would likely be seen after a minor consolidation, and next target would be at 1.2500 area. Near term resistance is at 1.2765, and the key resistance is located at the downward trend ... Read more