USDJPY Stalemate: Uptrend Continuation or Reversal Looming?

by ForexCycle.com | February 23, 2024 10:27 am
USDJPY faces a critical juncture, hovering around the 150.88 resistance level. This key hurdle will determine whether the recent uptrend from 145.89 continues or if a reversal is on the horizon. Let’s delve into the technicals to...

AUDUSD Breaks Free: Uptrend Resumption or False Dawn?

by ForexCycle.com | February 23, 2024 4:54 am
AUDUSD has clawed its way back from recent lows, breaking above the confines of a falling price channel on the 4-hour chart. This bullish breakout raises questions: has the downtrend truly ended, or is this just a...

EURUSD Rebounds: Trend Reversal or Brief Consolidation?

by ForexCycle.com | February 23, 2024 4:32 am
EURUSD has staged a dramatic turnaround, breaking above the falling trend line on the 4-hour chart. This move raises the question: is the recent downtrend truly over, or are we witnessing a temporary pause? Uptrend Confirmed: Downturn...

USDJPY Stalled: Uptrend Consolidation or Downturn Resumption?

by ForexCycle.com | February 22, 2024 1:23 am
USDJPY’s recent attempt to break below 149.52 support fizzled out, leaving the pair stuck in a sideways range between 149.52 and 150.88. This indecisiveness raises questions about the future direction of the pair. Uptrend Pause or Trend...

USDCHF Retreats: Trend Reversal or Consolidation Test?

by ForexCycle.com | February 22, 2024 1:10 am
USDCHF has slipped below the rising trend line on the 4-hour chart, raising questions about the future direction of the pair. Let’s delve into the technicals to understand the significance of this move and potential next steps....

USDJPY: Sideways Shuffle or Downtrend Resumption?

by ForexCycle.com | February 21, 2024 2:02 am
USDJPY’s recent rally has hit a snag, breaking below the rising price channel on the 4-hour chart. Now, the pair finds itself caught in a tug-of-war between bulls and bears, oscillating within a trading range. Let’s analyze...

USDCHF Holds Uptrend, But Will It Climb Higher or Consolidate?

by ForexCycle.com | February 20, 2024 1:25 am
USDCHF continues its upward journey, staying above a rising trend line on its 4-hour chart. This indicates that the uptrend, initiated at 0.8550, remains in play. But will the recent pullback lead to further gains or just...