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October 19th, 2017, 10:11 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at ... Read more



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October 16th, 2017, 9:45 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY extended its downside movement from 113.43 to as low as 111.68. Deeper decline to test 111.47 key support is still possible. As long as this level holds, the fall could be treated as consolidation of the uptrend from 107.31 and another rise towards 115.50 is still possible after the ... Read more



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October 10th, 2017, 4:18 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.8102. As long as the price is below the trend line, the bounce from 0.7732 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next ... Read more



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October 9th, 2017, 9:52 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY moved sideways in a trading range between 112.21 and 113.43. As long as 112.21 level holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area cold be expected after the consolidation. On the downside, a breakdown below 112.21 level ... Read more



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October 6th, 2017, 9:55 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDJPY stays in a rising price channel on its 4-hour chart. As long as the channel support holds, the sideways movement in a trading range between 112.21 and 113.25 could be treated as consolidation of the uptrend from 107.31 and another rise to 114.00 area could be expected after the ... Read more



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October 5th, 2017, 9:08 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD moved out of the descending price channel on its 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.2029 is underway. The price is expected to test 1.1832 resistance, above this level could signal completion of the downtrend, then the following upside movement could take price to 1.1900 ... Read more



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October 4th, 2017, 2:23 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 0.8102 is complete. Further rally to test 0.7860 resistance could be expected in the coming days. A break through this level would confirm that the downtrend had competed at ... Read more



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October 3rd, 2017, 3:40 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD continued its downside movement from 0.8102 and the fall extended to as low as 0.7795. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downside movement could be expected to continue ... Read more



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October 2nd, 2017, 1:58 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD stays in a descending price channel on its 4-hour chart and remains in the downtrend from 1.2029. As long as the price is in the channel, the bounce from 1.1717 could be treated as consolidation of the downtrend. Further decline to test 1.1662 key support would likely be seen ... Read more



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September 29th, 2017, 11:59 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD remains in the downtrend from 1.2029, the bounce from 1.1717 is likely consolidation of the downtrend. Near term resistance is located at the top trend line of the price channel on the 4-hour chart, now at around 1.1860. As long as the price is in the channel, the downside ... Read more



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September 25th, 2017, 12:32 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD is testing a long term resistance trend line on its weekly chart. A clear break above the trend line resistance could see price rise towards next resistance level at 1.3950. This level would be the final destination of the bullish movement from the October 2016 low of 1.1946. Near ... Read more



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September 22nd, 2017, 4:53 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next target would be at 1.3950 area. On the downside, a breakdown below 1.3451 ... Read more



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September 20th, 2017, 3:18 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD formed a sideways consolidation in a trading range between 1.1823 and 1.2092. Key support is now at 1.1823, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low). Another rise could be expected after ... Read more



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September 19th, 2017, 9:46 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD stays above a bullish support trend line on the 4-hour chart and remains in the uptrend from 1.2774, the fall from 1.3618 is likely consolidation of the uptrend. Deeper decline is still possible and next target would be at 1,3400, followed by 1.3370. As long as 1.3370 level holds, ... Read more



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September 18th, 2017, 11:25 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 0.7807. As long as the price is in the channel, the pullback from 0.8124 could be treated as consolidation of the uptrend. Near term resistance is at 0.8050, a break above this level ... Read more



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September 11th, 2017, 4:53 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD remains in the uptrend from 0.7807, the fall from 0.8124 is likely consolidation of the uptrend. Near term support is located at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and ... Read more



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September 8th, 2017, 9:17 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD extended its bullish movement from 1.2774 to as high as 1.3138. As long as the price is above the bullish trend line from 1.2774 to 1.2852 on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3200 area. Near term support ... Read more



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September 5th, 2017, 11:22 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD remains in the uptrend from 1.2774, the price action from 1.2978 is likely consolidation of the uptrend. Near term support is at 1.2852, as long as this level holds, the uptrend could be expected to resume and next target would be at 1.3100 area. On the downside, a breakdown ... Read more



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September 4th, 2017, 10:08 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD is facing 1.1823 support. A breakdown below this level will indicate the short term uptrend from 1.1662 had completed at 1.2070 already, then the following downside move could take price to test 1.1662 key support. On the upside, as long as 1.1823 support holds, the fall from 1.2070 would ... Read more



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September 1st, 2017, 8:51 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD failed to break below 0.7866 support and moved sideways in a trading range between 0.7866 and 0.7995. As long as 0.7866 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7807 and further rise to test 0.8065 resistance is still possible after the consolidation. ... Read more