USDCAD Slides Lower: Can the Bulls Find Support or Face Deeper Decline?

by ForexCycle.com | March 7, 2024 1:17 am
USDCAD has recently dipped below key support levels, raising concerns about a potential trend reversal. This analysis explores the technical situation and potential future scenarios for the currency pair. Breakdown from Support Levels: Potential Downside Scenarios: Upside...

USDJPY Falls Below Support: Downward Trend or Short-Term Correction?

by ForexCycle.com | March 7, 2024 12:51 am
USDJPY has experienced a recent decline, breaking through key support levels. This analysis examines the technical situation and explores potential scenarios for the currency pair. Breakdown Confirmed: Support Levels Breached Potential Downside Path: Resistance to Watch: Potential...

AUDUSD Stages Rebound: Can the Bulls Break Higher or Face Reversal?

by ForexCycle.com | March 7, 2024 12:38 am
AUDUSD has displayed a positive turn, bouncing from recent lows and exceeding key resistance. This analysis delves into the technical situation and explores potential scenarios for the currency pair. Bulls Emerge After Sharp Drop Resistance Awaits: Bulls...

GBPUSD Bulls Charge Higher: Uptrend Resumes or Short-Lived Rally?

by ForexCycle.com | March 7, 2024 12:20 am
GBPUSD has displayed bullish momentum, breaking above a key resistance level and reaching new highs. This analysis dissects the technical situation and explores potential scenarios for the currency pair. Uptrend Resumes: Resistance Breached Potential for Further Gains:...

EURUSD Breaks Resistance: Uptrend Gains Momentum, But Can It Hold?

by ForexCycle.com | March 7, 2024 12:01 am
EURUSD has recently broken above a key resistance level, raising hopes for a continuation of the uptrend. This analysis explores the technical implications of this breakout and potential future scenarios for the currency pair. Breakout Confirms Uptrend...

GBPJPY: Stalemate at Support – Will the Bulls Regroup or Give Way?

by ForexCycle.com | March 6, 2024 3:10 am
GBPJPY has encountered resistance at 191.30 and is currently testing the critical support level of 190.20. This analysis delves into the technical situation and explores potential scenarios for the currency pair. Bulls Challenged at Resistance: Uptrend on...

GBPUSD Breaks Resistance: Uptrend Resumes or Short-Lived Rally?

by ForexCycle.com | March 6, 2024 2:51 am
GBPUSD has recently broken above a key resistance level, signaling a potential continuation of the uptrend. This analysis explores the technical implications of this breakout and potential future scenarios for the currency pair. Breakout Confirms Uptrend Continuation:...

EURUSD Stalemate: Uptrend on Hold or Poised for Breakout?

by ForexCycle.com | March 6, 2024 2:35 am
EURUSD has been stuck in a sideways range between 1.0789 and 1.0887 for several days, leaving traders uncertain about the pair’s next move. This analysis explores the technical outlook and potential scenarios for EURUSD. Uptrend in Limbo:...

GBPJPY: Bulls Eyeing Resistance – Uptrend or Headwinds?

by ForexCycle.com | March 5, 2024 11:17 am
GBPJPY is currently facing resistance at the 191.30 level. This analysis will explore the potential implications of a breakout or breakdown from this key level, examining both upside and downside scenarios for the currency pair. Resistance Awaits:...

EURGBP Stumbles: Uptrend Stalled or Reversal in Sight?

by ForexCycle.com | March 5, 2024 11:02 am
EURGBP attempted to push higher but failed to overcome resistance at 0.8577, leading to a pullback. This analysis explores the technical situation and potential future scenarios for the currency pair. Uptrend Challenged: Is the Momentum Lost? Potential...