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Loading ...June 20th, 2013, 3:31 am | By forexcycle | Published in Daily Technical | 
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USDCAD broke above the resistance of the upper line of the price channel on 4-hour chart, and is now in uptrend from 1.0137, and the rise extends to as high as 1.0290. Further rise could be expected, and next target would be at 1.0350 area. Support is at 1.0200, only ... Read more
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Loading ...June 19th, 2013, 5:07 am | By forexcycle | Published in Daily Technical | No Comments »
Being contained by the resistance of the upper line of the price channel on 4-hour chart, USDCHF pulls back from 0.9271, suggesting that the pair remains in downtrend from 0.9838, and the rise from 0.9130 could be treated as consolidation of the downtrend. Further decline to test 0.9130 previous low ... Read more
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Loading ...June 18th, 2013, 3:03 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD remains in uptrend from 1.2796, the fall from 1.3390 is treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and one more rise ... Read more
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Loading ...June 17th, 2013, 2:43 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF is facing the resistance of the upper line the price channel again. As long as the channel resistance holds, the rise from 0.9130 could be treated as consolidation of the downtrend from 0.9838, one more fall towards 0.9000 is still possible after consolidation. On the upside, a clear break ... Read more
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Loading ...June 14th, 2013, 6:02 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF continues its downward movement from 0.9838, and the fall extends to as low as 0.9130. Resistance is located at the upper line of the downward price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 0.9000 ... Read more
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Loading ...June 13th, 2013, 3:10 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD remains in downtrend from 1.0582 (Apr 11 high), the bounce from 0.9326 is likely consolidation of the downtrend. Key resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another ... Read more
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Loading ...June 12th, 2013, 1:53 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD is facing 1.5683 resistance, a break above this level will signal resumption of the uptrend from 1.5008, then next target would be at 1.5700 area. Initial support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue. On ... Read more
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Loading ...June 11th, 2013, 12:51 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.5683 could be treated as consolidation of the uptrend from 1.5008, and one more rise to 1.5800 area is still possible after consolidation. On the downside, ... Read more
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Loading ...June 10th, 2013, 3:22 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.2796, the fall from 1.3305 is treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to resume, and one more rise towards 1.3500 is still ... Read more
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Loading ...June 7th, 2013, 2:37 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD remains in downtrend from 1.0582 (Apr 11 high), the bounce from 0.9434 is likely consolidation of the downtrend. Range trading between 0.9434 and 0.9791 could be expected in a couple of days. Key resistance is at 0.9791, as long as this level holds, the downtrend could be expected to ... Read more
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Loading ...June 6th, 2013, 4:38 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD breaks below 0.9528 support, and continues its downward movement from 1.0582 (Apr 11 high), and the fall has extended to as low as 0.9448. Further decline could be expected, and next target would be at 0.9400 area. Key resistance is now located at 0.9791, only break above this level ... Read more
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Loading ...June 5th, 2013, 4:01 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD stays in a trading range between 0.9528 and 0.9791. Key resistance is now at 0.9791, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0582 (Apr 11 high), one more fall to 0.9300 area is still possible ... Read more
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Loading ...June 3rd, 2013, 2:27 am | By forexcycle | Published in Daily Technical | No Comments »
USDCAD stays in a trading range between 1.0286 and 1.0420. Key support is at 1.0286, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 1.0013, one more rise to 1.0500 area to complete the upward movement is possible after ... Read more
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Loading ...May 31st, 2013, 2:47 am | By forexcycle | Published in Daily Technical | No Comments »
USDCAD is facing 1.0286 key support, a breakdown below this level will indicate that the uptrend from 1.0013 had completed at 1.0420 already, then the following downward movement could bring price back to 1.0100 zone. On the upside, as long as 1.0286 support holds, the price action from 1.0420 could ... Read more
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Loading ...May 30th, 2013, 4:34 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD is facing 1.2998 key resistance, a break above this level will indicate that the downward movement from 1.3242 had completed at 1.2796 already, then the following upward movement could bring price to 1.3500 area. On the downside, as long as 1.2998 resistance holds, the price action in the trading ... Read more
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Loading ...May 29th, 2013, 4:47 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD continues its sideways movement in a range between 1.2796 and 1.2998. Key resistance is at 1.2998, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3242, another fall to test 1.2747 support is still possible. However, a break above 1.2998 ... Read more
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Loading ...May 28th, 2013, 5:21 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD failed to break above the upper line of the price channel on 4-hour chart, suggesting that the pair remains in downtrend from 1.5605, the price action from 1.5014 could be treated as consolidation of the downtrend. Range trading between 1.5014 and 1.5156 would likely be seen in a couple ... Read more
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Loading ...May 27th, 2013, 3:25 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD remains in downtrend from 1.5605, the rise from 1.5014 is treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 1.4900 area ... Read more
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Loading ...May 24th, 2013, 4:21 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD remains in downtrend from 1.3242, the price action from 1.2796 is treated as consolidation of the downtrend. Range trading between 1.2796 and 1.2998 would likely be seen in a couple of days. Key resistance is at 1.2998, as long as this level holds, the downtrend could be expected to ... Read more
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Loading ...May 22nd, 2013, 4:11 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD’s rise from 1.2796 extends to as high as 1.2938. However, the rise is likely consolidation of the downtrend from 1.3242. Resistance is located at the upper line of the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, ... Read more