Loading...

Follow ForexCycle on Feedspot

Continue with Google
Continue with Facebook
or

Valid
USDCAD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3240. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3450 area. Only a breakdown below the trend line support could signal completion of the uptrend.
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
USDJPY is in consolidation for the downtrend from 112.40 (Apr 24 high). Range trading between 107.81 and 108.80 would likely be seen over the next several days. As long as 108.80 resistance holds, the downtrend could be expected to resume, and next target would be at 107.00 area. Only break above 108.80 resistance could signal …
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7021. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6800 area. Only break above the channel resistance could bring the price back to 0.6900 area.
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
GBPUSD extended its downside movement from 1.2762 to as low as 1.2511. Further decline is still possible after a minor consolidation and next target would be at 1.2400 area. Near term resistance is at 1.2545, a break of this level could bring the price back to 1.2580 area.
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1347. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.1100 area. Key resistance is at 1.1247, only break above this level could signal completion of …
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
USDCAD extended its upside movement from 1.3240 to as high as 1.3422. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3450 area. Only a breakdown below the trend line support could signal completion of …
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
USDJPY continued its sideways movement in a trading range between 107.81 and 108.80. As long as 108.80 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 112.40 (Apr 24 high), further decline to 107.00 area is still possible after the consolidation. Only break above 108.80 resistance could signal completion of …
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
AUDUSD extended its downside movement from 0.7021 to as low as 0.6861, breaking below 0.6864 support. Further decline is still possible after a minor consolidation and next target would be at 0.6800 area. Near term resistance is at the top of the price channel on the 4-hour chart, a breakout of the channel resistance could …
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
GBPUSD broke below 1.2652 support and extended its downside movement from 1.2762 to as low as 1.2580. Further decline to test 1.2558 support could be expected, a breakdown below this level could take the price to 1.2500 area. Resistance is at 1.2640, a break of this level could trigger another rise to 1.2720 area.
Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
EURUSD extended its downside movement from 1.1347 to as low as 1.1202. Further decline could be expected after a minor consolidation and next target would be at 1.1100 area. Near term resistance is at 1.1230, a break of this level could bring the price back towards the falling trend line on the 4-hour chart.
Read Full Article

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview