EURUSD Analysis – October 4, 2023
EUR/USD has continued its downward movement, reaching as low as 1.0447. Currently, the price is within a falling price channel on the 4-hour chart. If we see a bounce from the 1.0447 level, it could be viewed...
Author: ForexCycle.com
USDCAD Analysis – October 3, 2023
USD/CAD has successfully broken above the resistance level at 1.3694, indicating a potential further rise in the near term. After a period of minor consolidation, the next target for the pair could be around the 1.3750 area....
AUDUSD Analysis – October 3, 2023
AUD/USD is currently approaching the key support level at 0.6330. If the price breaks below this level, it could initiate further downside momentum towards 0.6290, with the next support area being around 0.6220. Conversely, in the event...
GBPUSD Analysis – October 3, 2023
GBP/USD has continued its downward movement from 1.2745, reaching as low as 1.2070. As long as the price remains below the trend line, there is an expectation for the downside move to continue, with the next target...
EURUSD Analysis – October 3, 2023
EUR/USD has broken below the 1.0487 support level and continued its downward movement from 1.1275, reaching as low as 1.0463. As long as the price remains within the falling price channel on the 4-hour chart, there is...
USDCAD Analysis – October 2, 2023
USD/CAD has experienced a bounce from 1.3379, extending as high as 1.3584. There is a possibility of a further rally in the coming days, with the next target to consider around the 1.3640 area. The immediate support...
USDJPY Analysis – October 2, 2023
USD/JPY has continued its upward movement from 144.43, reaching as high as 149.77. As long as the price remains above the rising trend line on the 4-hour chart, there is a possibility of the upside move continuing,...
AUDUSD Analysis – October 2, 2023
AUD/USD has faced rejection at the 0.6521 resistance level once again and remains in a trading range between 0.6330 and 0.6521. Given the failed breakout attempt, there is a likelihood of another decline towards the 0.6330 support...
GBPUSD Analysis – October 2, 2023
GBP/USD has encountered resistance at the falling trend line on the 4-hour chart, failing to break above it and subsequently pulling back from 1.2271. This suggests that the bounce observed from 1.2109 could be considered as a...
EURUSD Analysis – October 2, 2023
EUR/USD has experienced a continued downside movement from 1.1275, reaching as low as 1.0487. As long as the price remains within the falling price channel on the 4-hour chart, any bounce observed from 1.0487 should be considered...