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April 23rd, 2014, 4:48 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY remains in uptrend from 101.32, and the rise extended to as high as 102.72. Further rise is still possible after a minor consolidation, and next target would be at 103.00 area. Support is at the bottom of the price channel on 4-hour chart, only a clear break below the ... Read more



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April 21st, 2014, 4:12 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD remains in uptrend from 1.6465, the price action from 1.6820 could be treated as consolidation of the uptrend. Another fall to 1.6700 area to complete the consolidation is possible. Key support is at 1.6660, as long as this level holds, we'd expect the uptrend to resume, and a break ... Read more



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April 17th, 2014, 3:09 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

Being contained by the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 0.9331, indicating that the pair remains in uptrend from 0.8924, the fall from 0.9461 could be treated as consolidation of the uptrend. Further rise to test 0.9461 would likely be seen, a break above ... Read more



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April 14th, 2014, 5:09 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465, the fall from 1.6820 could be treated as consolidation of the uptrend. Deeper decline would likely be seen, and the target would be at the lower line of the channel. On the upside, as ... Read more



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April 11th, 2014, 5:06 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 0.9461, suggesting that consolidation of the uptrend from 0.8924 is underway. Deeper decline would likely be seen, and the target would be at the lower line of the channel. However, as long as ... Read more



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April 8th, 2014, 5:24 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.3966, the rise from 1.3672 is likely consolidation of the downtrend. Resistance is located at the upper line of the channel. As long as the channel resistance holds, the downtrend could be expected to resume, ... Read more



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April 3rd, 2014, 1:35 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD moved sideways in a narrow range between 0.9213 and 0.9303. Support is at 0.9213, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 0.8995, another rise towards 0.9400 could be expected after consolidation. On the downside, a ... Read more



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April 1st, 2014, 4:29 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.3966 had completed at 1.3705 already, then the following upward movement could bring price to 1.4000 area. On the downside, as long as ... Read more



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March 31st, 2014, 4:35 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCAD remains in downtrend from 1.1278, the rise from 1.1000 would possibly be consolidation of the downtrend. Key resistance is at 1.1100, as long as this level holds, the downtrend could be expected to resume, and next target would be at 1.0950 area. On the upside, a break above 1.1100 ... Read more



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March 28th, 2014, 2:03 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY is now in downtrend from 102.68. Deeper decline to test 101.20 support would likely be seen, a breakdown below this level will confirm that the longer term downtrend from 103.76 has resumed, then the following downward movement could bring price to 98.00 zone. Resistance is at 102.68, only break ... Read more



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March 27th, 2014, 4:56 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD stays in a trading range between 1.3749 and 1.3875. Resistance is at 1.3875, a break above this level will confirm that the downtrend from 1.3966 had completed at 1.3749 already, then the following upward movement could bring price to 1.4500 area. On the downside, a breakdown below 1.3749 will ... Read more



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March 25th, 2014, 4:20 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD broke above 1.3845 resistance, indicating that the downtrend from 1.3966 had completed at 1.3749 already. Further rise to test 1.3966 resistance could be expected, a break above this level will signal resumption of the uptrend from 1.3477 (Feb 3 low), then the following upward movement could bring price to ... Read more



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March 24th, 2014, 2:39 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6785, and the fall extended to as low as 1.6473. Resistance is located at the upper line of the channel, as long as the channel resistance holds, the downtrend could be expected to continue, and ... Read more



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March 20th, 2014, 3:46 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD's downward movement form 1.6785 extended to as low as 1.6508. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6450 area. On the upside, a clear ... Read more



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March 17th, 2014, 4:19 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCAD failed to break above 1.1192 resistance and pulled back from 1.1153, suggesting that lengthier sideways movement is underway. Deeper decline would likely be seen, and the target would be at 1.0990 area. Key support is at 1.0955, as long as this level holds, the price action from 1.1224 (Jan ... Read more



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March 13th, 2014, 1:06 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

Being contained by the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 0.8924, indicating that the fall from 0.9133 is complete. Further rally could be expected and next target would be at 0.9100 area. On the downside, a breakdown below 0.8890 key support will confirm that ... Read more



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March 12th, 2014, 5:14 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCAD moved sideways in a trading range between 1.0910 and 1.1224. Support is at 1.0955, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182 (Sept 19, 2013 low), one more rise to 1.1500 area is still possible ... Read more



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March 11th, 2014, 4:19 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD remains in uptrend from 0.8890, the fall from 0.9133 is likely correction of the uptrend. Support is at 0.9000, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9250 area. On the downside, a breakdown below 0.9000 support will ... Read more



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March 10th, 2014, 4:40 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY remains in uptrend from 101.20, the fall from 103.76 could be treated as consolidation of the uptrend. Range trading between 102.60 and 103.76 would likely be seen. Support is at 102.60, as long as this level holds, another rise could be expected, and next target would be at 104.50 ... Read more



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March 7th, 2014, 5:15 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD moved sideways in a trading range between 1.6582 and 1.6822. Key support is at 1.6582, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.6252, one more rise towards 1.7000 is still possible after consolidation. On the ... Read more