USD/JPY Technical Analysis: Downtrend Continues with Key Levels in Focus

by ForexCycle.com | July 31, 2024 12:22 am
The USD/JPY pair has recently shown significant price action, indicating that the downtrend remains intact. After breaking above the top of the falling price channel on the 4-hour chart, the pair found resistance at 155.21 and subsequently...

AUD/USD Analysis: Awaiting Key Inflation Data

by ForexCycle.com | July 30, 2024 8:24 am
On Monday, July 29th, the Australian dollar (AUD) edged up by 0.02% against the US dollar (USD), closing at 0.6548. This slight rise comes as the AUD attempts to recover from last Friday’s low of 0.6510. The...

EUR/USD Technical Analysis: Downtrend Continues, but Rebound Possible

by ForexCycle.com | July 30, 2024 3:15 am
The EUR/USD pair has recently shown some price action, suggesting a continuation of its downward trend but with potential for a short-term rebound. Let’s break down the key levels and scenarios traders should watch. Recent Developments Short-Term...

GBP/USD Technical Analysis: Downtrend Continues Within Falling Channel

by ForexCycle.com | July 30, 2024 2:43 am
The GBP/USD pair has been showing a consistent downward trend, with recent price action providing valuable insights for traders. Let’s break down the key levels and potential scenarios to watch. Recent Developments Bearish Scenario As long as...

USD/CHF Technical Analysis: Downtrend Likely to Continue

by ForexCycle.com | July 25, 2024 4:41 am
The USD/CHF pair has recently shown some interesting price action that suggests a continuation of its downward trend. Let’s break down the key levels and potential scenarios for traders to watch. Recent Developments Key Levels to Watch...

EUR/USD Technical Analysis: Short-Term Bearish Trend Likely to Continue

by ForexCycle.com | July 25, 2024 4:23 am
On Wednesday, the EUR/USD pair showed interesting price action that could indicate a potential continuation of its recent downtrend. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that after a...