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December 8th, 2017, 5:19 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as the price is above the trend line, the price action from 1.3549 could ... Read more



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December 6th, 2017, 10:07 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD broke below 1.1809 support, suggesting that the upside movement from 1.1554 had completed at 1.1961 already. Further decline would likely be seen in the coming days and next target would be at 1.1712. A breakdown below this level could take price to next support level at 1.1554, followed by ... Read more



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December 5th, 2017, 11:17 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 1.3657 (Sep 20 high). Near term resistance ... Read more



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November 29th, 2017, 9:46 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD’s fall from 1.1961 extended to as low as 1.1827. However, as long as the price is above the bullish trend line on the 4-hour chart, the fall could be treated as consolidation of the uptrend from 1.1554, and another rise towards 1.2092 (Sep 8 high) previous high is still ... Read more



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November 27th, 2017, 4:35 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD extended its upside movement from 1.1554 to as high as 1.1944, breaking above 1.1879 key resistance, confirming that the downside movement from 1.2092 (Sep 8 high) had completed at 1.1554 already. Near term support is at the bullish trend line on the 4-hour chart. As long as the price ... Read more



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November 21st, 2017, 10:44 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD’s upside movement from 1.3039 extended to as high as 1.3279. Further rise to test 1.3337 key resistance is still possible in the coming days. As long as this level holds, the sideways movement in a range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from ... Read more



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November 17th, 2017, 4:29 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD is testing 1.3229 resistance, a breakout of this level could take price to the key resistance at 1.3337. As long as this level holds, the sideways movement in the trading range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 (Sep 20 high), and ... Read more



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November 16th, 2017, 11:15 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD failed in its attempt to breakout of 1.1879 resistance and pulled back from 1.1860. However, as long as the price is above 1.1740 support, the fall would possibly be consolidation of the uptrend from 1.1554, and another rise to test 1.1879 resistance is still possible after the consolidation. A ... Read more



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November 10th, 2017, 7:44 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD broke below 1.2700 support and extended its downside movement from 1.2916 to as low as 1.2666, facing the support of the bullish trend line on the daily chart. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below this ... Read more



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November 8th, 2017, 12:26 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days. As long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3657, and further decline towards 1.2774 ... Read more



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November 6th, 2017, 4:24 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD is in consolidation of the downtrend from 1.2092 (Sep 8 high). Range trading between 1.1574 and 1.1725 would likely be seen in the coming days. As long as the support-turned-resistance level of 1.1725 holds, the downside movement could be expected to resume after the consolidation and a breakdown below ... Read more



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November 2nd, 2017, 10:05 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDCAD failed to breakout of 1.2916 resistance and pulled back to break below a bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2433 is underway. Range trading between 1.2780 and 1.2916 would likely be seen in a couple of days. As long as ... Read more



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November 1st, 2017, 10:22 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD is in consolidation for the downtrend from 1.1879. Range trading between 1.1574 and 1.1685 would likely be seen in a couple of days. Near term resistance is at 1.1685, as long as this level holds, the downtrend could be expected to resume and a breakdown below 1.1574 support could ... Read more



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October 31st, 2017, 10:41 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

AUDUSD broke above the bearish trend line on the 4-hour chart, indicating that consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7624 and 0.7718 would likely be seen in a couple of days. As long as the price is below 0.7718, the downtrend could be expected to ... Read more



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October 30th, 2017, 5:28 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDJPY continued its upside movement from 111.65 and the rise extended to as high as 114.45. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to resume, and further rise towards 115.50 is still possible. Near term resistance is ... Read more



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October 29th, 2017, 1:38 pm | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD is now facing the bullish support trend line from 1.2109 to 1.2774 on the daily chart. A clear break below the trend line support could take price to a key support level at 1.2774, below this level will confirm that the upside movement from 1.1946 (Oct 2016 low) had ... Read more



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October 25th, 2017, 11:26 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

GBPUSD failed its attempts to breakout of 1.3228 resistance and pulled back to 1.3110 area, suggesting that the pair remains in the short term downtrend from 1.3337 and deeper decline towards the major support trend line on the daily chart would likely be seen in the coming days. Near term ... Read more



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October 23rd, 2017, 10:01 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

EURUSD moved sideways in a trading range between 1.1730 and 1.1879. As long as 1.1730 support holds, the side movement could be treated as consolidation of the uptrend from 1.1669 and one more rise towards 1.2029 resistance is still possible. Near term resistance is at 1.1879, a breakout of this ... Read more



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

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 postComments Off

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