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...

June 21st, 2017, 4:07 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD is facing 1.1109 support once again, a breakdown below this level could take price to the key support level at 1.1070. Below this level will confirm that that the uptrend from 1.0569 (Apr 10 low) had completed at 1.1295 already, then the following downward movement could bring price into ... Read more



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

June 20th, 2017, 5:46 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD failed to break above 12817 resistance and stays in the trading range between 1.2634 and 1.2817. As long as 1.2817 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2500 area is still possible after ... Read more



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

June 19th, 2017, 4:51 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD failed to break below the 1.1109 key support and stays in the trading range between 1.1109 and 1.1295, indicating that the pair remains in the uptrend from 1.0569 (Apr 10 low), and the sideways movement in the range could be treated as consolidation of the uptrend. As long as ... Read more



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

June 16th, 2017, 6:41 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD remains in the downtrend from 1.3047, the bounce from 1.2634 could be treated as consolidation of the downtrend. Range trading between 1.2634 and 1.2850 would likely be seen in a couple of days. As long as 1.2850 resistance holds, the downtrend could be expected to resume and another fall ... Read more



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

June 15th, 2017, 4:00 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY’s bearish movement from 114.36 extended to as low as 108.81. Near term resistance is at the descending trend line on the 4-hour chart. As long as the pair is below the trend line, the bearish movement could be expected to continue and further decline to test 108.13 (Apr 17 ... Read more



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

June 14th, 2017, 5:04 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD formed a sideways movement in a trading range between 1.2634 and 1.2779 on its 4-hour chart. As long as the pair is below 1.2779 resistance, the price action in the range could be treated as consolidation of the downtrend from 1.3047, and another fall towards 1.2500 could be expected ... Read more



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

June 13th, 2017, 4:55 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD stays in a descending price channel on its 4-hour chart, indicating that the pair remains in the short term downtrend from 1.1285. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at around 1.1130. Near term resistance ... Read more



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

June 12th, 2017, 2:11 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD’s fall from 1.1285 extended to as low as 1.1166. Deeper decline is still possible and next target would be at around 1.1130. However, as long as 1.1109 support holds, the fall would possibly be consolidation of the uptrend from 1.0569 (Apr 10 low), another rise towards 1.1450 could be ... Read more



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

June 9th, 2017, 7:14 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is at 0.7500, as long as this level holds, the uptrend could be expected ... Read more



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

June 8th, 2017, 8:49 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a break of 1.1285 resistance could trigger another bullish movement towards 1.1450. On the ... Read more



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

June 7th, 2017, 8:16 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD’s bounce from 1.2769 extended to as high as 1.2949. However, the bounce would possibly be correction of the downtrend from 1.3047. As long as the pair is below the ascending trend line on its 4-hour chart, another fall is possible after the correction and next target would be at ... Read more



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

June 6th, 2017, 9:03 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. USDCNH Weekly Chart Will the downtrend continue? There is a bearish trend line from the May 24 high of 6.8876 to the ... Read more



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

June 5th, 2017, 5:45 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

After touching 1.3540 resistance, USDCAD pulled back to 1.3480, indicating that the pair remains in downtrend from 1.3793 and the bounce from 1.3387 could be treated as consolidation of the downtrend. As long as 1.3540 resistance holds, the downtrend could be expected to continue and further decline towards 1.3200 is ... Read more



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

June 2nd, 2017, 6:28 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD is facing the resistance of the ascending trend line at around 1.2930 on its 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of the downtrend from 1.3047, and another decline towards 1.2700 is still possible after ... Read more



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

June 1st, 2017, 8:09 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the short term downtrend from 1.1267 had completed at 1.1109 already. Now the pair is facing 1.1267 resistance, a break of this level could signal resumption of the uptrend from 1.0569 (Apr 10 ... Read more



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

May 31st, 2017, 5:35 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD stays in a falling price channel on its 4-hour chart and is now in short term downtrend from 1.1267. As long as the pair is in the channel, the downtrend could be expected to continue and next target would be at around 1.1050. However, the fall from 1.1267 would ... Read more



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

May 30th, 2017, 4:55 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and another rise towards 115.00 could be expected after the correction. Near term resistance ... Read more



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

May 29th, 2017, 5:52 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD remains in downtrend from 1.3793, the rise from 1.3387 is likely consolidation of the downtrend. 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 downtrend could be expected to continue, and ... Read more



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

May 25th, 2017, 4:05 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD failed to break below 1.1161 support and moved sideways in a trading range between 1.1161 and 1.1267, indicating that the pair remains in uptrend from 1.0839 and the fall from 1.1267 could be treated as consolidation of the uptrend. As long as the 1.1161 support holds, the uptrend could ... Read more



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

May 24th, 2017, 5:07 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair will find support at around 1.1070, followed by 1.1030. On the upside, as ... Read more