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Loading ...January 2nd, 2012, 4:19 am | By forexcycle | Published in Daily Technical | 
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USDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9244, the fall from 0.9469 would possibly be consolidation of uptrend. Another rise to test 0.9546 is expected, a break above this level could signal resumption of the longer term uptrend ... Read more
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Loading ...December 30th, 2011, 4:50 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF’s bounce from 0.9244 extended to as high as 0.9469. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and further rise to test 0.9546 previous high resistance could be seen. ... Read more
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Loading ...December 28th, 2011, 2:34 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF had formed a cycle bottom at 0.9244 on 4-hour chart. Now the rise from 0.9244 would possibly be resumption of uptrend from 0.8569 (Oct 27 low), further rise to test 0.9546 resistance would likely be seen later today, a break above this level will confirm resumption ... Read more
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Loading ...December 27th, 2011, 3:07 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.4246 (Oct 27 high), the price action from 1.2946 is likely consolidation of the downtrend. As long as the trend line resistance holds, we’d expect downtrend to resume, and another fall ... Read more
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Loading ...December 20th, 2011, 3:09 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0378. As long as the channel resistance holds, downtrend could be expected to resume, and another fall towards 0.9663 is still possible. Key resistance is now at 1.0026, a break above this ... Read more
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Loading ...December 19th, 2011, 3:05 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF formed a cycle top at 0.9546 on 4-hour chart. Deeper decline would likely be seen and target would be at the lower border of the price channel. However, the fall from 0.9546 is treated as consolidation of uptrend from 0.8569 (Oct 27 low), another rise towards ... Read more
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Loading ...December 16th, 2011, 4:17 am | By forexcycle | Published in Daily Technical | No Comments »
USDCAD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line could indicate that a cycle top has been formed at 1.0422 on 4-hour chart, and the uptrend from 1.0051 has completed, then another fall towards 0.9900 could ... Read more
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Loading ...December 15th, 2011, 2:41 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD continued its downward movement from 1.0378, and the fall extended to as low as 0.9883. Further decline could be seen in a couple of days, and next target would be at 0.9800 area. Resistance is at 1.0050 followed by the downward trend line on 4-hour chart, ... Read more
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Loading ...December 14th, 2011, 2:29 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD remains in downtrend from 1.0378, and the fall has extended to as low as 0.9979. Further decline could be seen after a minor consolidation and next target would be at 0.9800 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend ... Read more
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Loading ...December 12th, 2011, 3:10 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD traded in a range between 1.5561 and 1.5779 for several days. One more fall to test 1.5423 support is still possible, a breakdown below this level could signal resumption of the downtrend from 1.6164. Key resistance is now located at 1.5779, above this level will confirm ... Read more
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Loading ...December 9th, 2011, 3:23 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD failed to break above 1.5779 resistance, and pulled back from 1.5768 yesterday, suggesting that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway. Deeper decline to 1.5500 area to reach next cycle bottom is expected. Key resistance remains at 1.5779, only break above this level could ... Read more
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Loading ...December 8th, 2011, 4:22 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD broke above the downward price channel on 4-hour chart, suggesting that the fall from 1.6164 had completed at 1.5423 already. Further rally to test 1.5779 key resistance would likely be seen, a break above this level could trigger another rise towards 1.6500. Support is now ... Read more
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Loading ...December 7th, 2011, 3:05 am | By forexcycle | Published in Daily Technical | No Comments »
GBPUSD’s fall from 1.5779 extended to as low as 1.5561. Further decline is still possible later today, and next target would be at 1.5500 area. Key resistance is now at 1.5779, a break above this level will indicate that the downtrend from 1.6164 had completed at 1.5423 ... Read more
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Loading ...December 5th, 2011, 3:21 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF has formed a cycle bottom at 0.9066 on 4-hour chart. Range trading between 0.9066 and 0.9329 would likely be seen in a couple of days. Resistance is at 0.9329, a break above this level will signal resumption of uptrend from 0.8569, then further rise towards 1.0000 could be seen. ... Read more
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Loading ...December 2nd, 2011, 2:37 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD is testing the resistance of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.3212 could be treated as consolidation of downtrend from 1.4246, and one more fall towards 1.3146 (Oct 4 low) is still possible. On the ... Read more
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Loading ...December 1st, 2011, 4:22 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD is facing resistance of the price channel on 4-hour chart, a clear break above the channel will indicate that the downtrend from 1.4246 had completed at 1.3212 already, then the following upward move could bring price to 1.3900 area. As long as the channel resistance holds, the rise from ... Read more
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Loading ...November 30th, 2011, 2:56 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF had formed a cycle top at 0.9329 on 4-hour chart. Range trading between 0.9085 and 0.9329 would likely be seen in a couple of days. As long as 0.9085 support holds, the price action in the range is treated as consolidation of uptrend from 0.8569, another ... Read more
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Loading ...November 28th, 2011, 3:40 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD has broken above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.0342 has completed at 0.9663 already. Lengthier consolidation of the longer term downtrend from 1.0751 would likely be seen over the next several days, and the trading range would be ... Read more
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Loading ...November 25th, 2011, 4:20 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0342. As long as the trend line resistance holds, downtrend could be expected to continue after a minor consolidation and next target would be at 0.9600 area. However, a clear break above ... Read more
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Loading ...November 24th, 2011, 2:45 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD continued its downward move yesterday, and the fall extended to as low as 0.9663. Resistance remains at he downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue after a minor consolidation, and next target would be at 0.9600 ... Read more