USDCAD Analysis – May 2, 2023
The USDCAD pair has been on a bearish trend lately, as indicated by the downside movement from 1.3667 to as low as 1.3527. This suggests that the uptrend from the Apr 14 low of 1.3300 has completed....
Author: ForexCycle.com
USDJPY Analysis – May 2, 2023
USDJPY is currently facing resistance at the 137.90 level, and a sideways movement between the range of 135.70 and 137.80 could be seen in the near term. As long as the support level at 135.70 holds, the...
AUDUSD Analysis – May 2, 2023
The AUDUSD currency pair has been in an uptrend in the short term, having broken above the falling trend line on the 4-hour chart. This suggests that the downside movement from the high of 0.6771 has already...
GBPUSD Analysis – May 2, 2023
The GBPUSD pair has been moving in a range-bound manner between 1.2343 and 1.2583, indicating indecision in the market. However, the sideways movement is expected to continue for the time being. If the price breaks above the...
EURUSD Analysis – May 2, 2023
The EURUSD pair has been under pressure in recent trading sessions, with the pair breaking below the support level of 1.0962. This has triggered a bearish signal, suggesting that the pair could be headed for further declines...
USDCAD Analysis – May 1, 2023
The USDCAD pair has been trading in a uptrend from 1.3300 over the past few weeks. However, on the 4-hour chart, the pair broke below the key support level of 1.3588, indicating that the upside movement from...
USDJPY Analysis – May 1, 2023
USDJPY has broken above the key resistance level at 135.13, indicating that the upside movement from the Mar 24 low of 129.63 has resumed. As long as the price remains above the rising trend line of the...
AUDUSD Analysis – May 1, 2023
The AUDUSD currency pair has been in a downtrend since reaching a high of 0.6771 in late April 2023. However, there are now signs that this downtrend may be coming to an end. The pair recently broke...
GBPUSD Analysis – May 1, 2023
GBPUSD has been showing strong bullish momentum, as it continues to trade above the key support level at 1.2352. The pair broke above the resistance level at 1.2545, indicating a resumption of the uptrend from the March...
EURUSD Analysis – May 1, 2023
EURUSD has been moving sideways in a range between 1.0909 and 1.1095. This range-bound movement suggests that the market is consolidating. As long as the 1.0909 support level holds, the sideways move could be treated as consolidation...