Gold Price Analysis: Short-Term Downtrend with Potential for Rebound

by ForexCycle.com | July 30, 2024 7:59 am
Gold prices have recently shown some volatility, experiencing a dip while also finding support at key levels. Let’s take a closer look at the current market situation and what traders can expect in the coming days. Recent...

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...

GBP/USD Analysis: Recent Surge and Future Outlook

by ForexCycle.com | July 24, 2024 12:30 pm
The GBP/USD pair has experienced a significant rally over the past two weeks, reaching a high of 1.3044 last Wednesday, the highest level since late July last year. However, the pair has since pulled back, currently trading...

USD/CHF Technical Analysis: Testing Key Resistance Levels

by ForexCycle.com | July 23, 2024 11:57 pm
The USD/CHF pair has shown a strong bounce from 0.8819, reaching as high as 0.8923. This upward movement is now facing resistance from the falling trend line on the 4-hour chart. Let’s explore the potential scenarios and...