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September 15th, 2014, 4:43 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend. Near term resistance is at 1.2987, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.2500 is still possible after consolidation. Key resistance is at the ... Read more



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September 8th, 2014, 4:28 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, as long as the trend line support holds, the fall from 105.70 could be treated as consolidation of the uptrend. Further rise could be expected, and next target would be at 107.00 area. On ... Read more



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September 1st, 2014, 3:56 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD's downward movement from 1.3411 extended to as low as 1.3121. Near term 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 1.3000 area. Key resistance is ... Read more



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August 18th, 2014, 3:43 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD continued its sideways movement in a range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3000 could be expected after consolidation. Support is at 1.3333, a breakdown below ... Read more



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August 11th, 2014, 4:14 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD is facing 1.3444 resistance, as long as this level holds, the price action in the trading range between 1.3333 and 1.3444 could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3000 could be expected after consolidation. On the upside, a break of 1.3444 resistance will ... Read more



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August 8th, 2014, 4:22 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD stays in a trading range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, further decline to 1.3200 area could be expected after consolidation. However, a break of 1.3444 resistance will indicate ... Read more



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August 5th, 2014, 5:00 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 1.7190, the rise from 1.6809 could be treated as consolidation of the downtrend. Resistance is at the trend line, as long as the trend line resistance holds, the downtrend could be expected to continue, and ... Read more



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August 4th, 2014, 4:27 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway. Range trading between 1.3366 and 1.3470 would likely be seen in a couple of days. Resistance is now at 1.3470, as long as this level holds, the downtrend could be ... Read more



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August 1st, 2014, 2:33 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCHF stays in the rising price channel on 4-hour chart, and remains in uptrend from 0.8897, the fall from 0.9105 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9150 area. On the ... Read more



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July 30th, 2014, 3:46 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD's downward movement from 1.3650 extended to as low as 1.3403. Initial resistance is 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 1.3300 area. Key resistance is at 1.3444, ... Read more



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July 28th, 2014, 3:47 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650, and the fall extended to as low as 1.3421. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.3300 area. However, a ... Read more



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July 22nd, 2014, 3:09 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD remains in downtrend from 1.3700, the rise from 1.3490 is likely consolidation of the downtrend. 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 continue, and next target would be at ... Read more



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July 21st, 2014, 4:01 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0619, the fall from 1.0794 could be treated as consolidation of the uptrend. Support is now located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected ... Read more



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July 15th, 2014, 5:29 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD moved sideways in a range between 1.3575 and 1.3650. The price action in the range is likely consolidation of the downtrend from 1.3700. As long as 1.3650 resistance holds, the downtrend could be expected to resume, and another fall to test 1.3502 support is possible. On the upside, a ... Read more



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July 14th, 2014, 3:04 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD moved sideways in a trading range between 1.7084 and 1.7179. As long as 1.7084 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6692, one more rise to 1.7300 is still possible after consolidation. On the downside, a breakdown below 1.7084 ... Read more



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July 10th, 2014, 4:00 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD moved sideways in a trading range between 1.0619 and 1.0696. As long as 1.0696 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0960, another fall to 1.0500 area could be expected. On the upside, a break above 1.0696 resistance will ... Read more



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July 9th, 2014, 3:01 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6692, the fall from 1.7179 could be treated as consolidation of the uptrend. Support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected to ... Read more



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July 8th, 2014, 3:31 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD remains in downtrend from 1.3700, the rise from 1.3575 is likely consolidation of the downtrend. Resistance is at 1.3650, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.3500 is still possible after consolidation. On the upside, a break above 1.3650 ... Read more



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July 7th, 2014, 5:38 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD remains in downtrend from 1.0960, the rise from 1.0619 is likely consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0500 area. On the upside, a break above 1.0700 resistance will ... Read more



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July 4th, 2014, 4:49 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD remains in uptrend from 1.6692, the fall from 1.7176 is likely consolidation of the uptrend. Key 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 another rise towards ... Read more