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

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 postNo Comments »

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 postNo Comments »

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 postNo Comments »

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 postNo Comments »

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 postNo Comments »

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 postNo Comments »

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 postNo Comments »

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 postNo Comments »

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



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July 3rd, 2014, 4:35 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3512, the fall from 1.3700 could be treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to resume, and another rise to 1.3800 area is ... Read more



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July 2nd, 2014, 4:37 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCAD remains in downtrend from 1.0960, and the fall extended to as low as 1.0628. Near term resistance is located at the falling 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 1.0500 ... Read more



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July 1st, 2014, 4:55 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD broke above 1.3676 key resistance, indicating that the downtrend from 1.3993 (May 8 high) had completed at 1.3502 already. Near term support is at 1.3650, as long as this level holds, the uptrend from 1.3512 could be expected to continue, and next target would be at 1.3800 area. Key ... Read more



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June 30th, 2014, 3:20 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD is facing 1.3651 resistance, a break above this level will signal resumption of the short term uptrend from 1.3512, then further rise to test 1.3676 key resistance could be seen. Support is at 1.3564, only break below this level will indicate that the uptrend had completed at 1.3651 already, ... Read more



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June 26th, 2014, 3:13 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD's short term upward movement from 1.3512 extended to as high as1.3651. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and further rise to test 1.3676 resistance would likely be ... Read more



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June 25th, 2014, 10:28 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

Being contained by 0.9461 (Apr 10 high) resistance, AUDUSD pulled back from 0.9444, indicating that lengthier consolidation for the uptrend from 0.9208 is needed. Range trading between 0.9321 and 0.9444 would likely be seen in a couple o f days. Support is at 0.9321, as long as this level holds, ... Read more



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June 24th, 2014, 4:48 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD remains in short term uptrend from 1.3512. Another rise to test 1.3676 resistance would likely be seen, a break above this level will signal completion of the longer term downtrend from 1.3993 (May 8 high), then next target would be at 1.3800 area. Near term support is at 1.3560, ... Read more



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June 23rd, 2014, 4:06 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF failed to break below 0.8907 support, indicating that lengthier sideways movement in a range between 0.8907 and 0.9036 is underway. Another rise to test 0.9036 resistance is possible, a break above this level will signal resumption of the uptrend from 0.8703 (May 8 low), then next target would be ... Read more



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June 20th, 2014, 2:25 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD's upward movement from 1.3512 extended to as high as 1.3643. Further rise to test 1.3676 resistance could be expected, a break above this level will conform that the downtrend from 1.3993 (May 8 high) had completed at 1.3502 already, then the next target would be at 1.3800 area. Support ... Read more



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June 19th, 2014, 3:54 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD bounced strongly from 0.9321, suggesting that the pair remains in uptrend from 0.9208, the fall from 0.9437 would possibly be consolidation of the uptrend. Further rise to test 0.9437 resistance is possible, a break above this level will signal resumption of the uptrend, then next target would be at ... Read more



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June 18th, 2014, 4:18 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD remains in downtrend from 1.3676, the range trading between 1.3512 and 1.3586 is likely consolidation of the downtrend. Another fall to test 1.3502 support could be expected, a breakdown below this level will signal resumption of the longer term downtrend from 1.3993, then next target would be at 1.3350 ... Read more