USDCAD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:50 am
USD/CAD has recently broken below the rising price channel on the 4-hour chart, indicating that the previous upside movement from 1.3092 to 1.3639 has potentially completed. Further decline in price is expected, with the next target set...

USDJPY Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:38 am
USD/JPY is currently within a rising price channel on the 4-hour chart, indicating that the pair remains in an uptrend from 138.05. As long as the support of the channel holds, the recent pullback from 147.37 could...

AUDUSD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:29 am
AUD/USD is currently in an uptrend from the 0.6363 level. The pair is expected to continue its rally in the coming days, with the next target set around the 0.6600 area. The immediate support level can be...

GBPUSD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:23 am
GBP/USD is currently confined within a falling price channel on the 4-hour chart, indicating a continuation of the downward movement from 1.3141. As long as the resistance of the channel holds, it is likely that the pair...

EURUSD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:09 am
EUR/USD has recently broken above a falling price channel on the 4-hour chart, indicating a shift to an uptrend from the 1.0765 level. The pullback from 1.0945 is likely a corrective consolidation phase within the overall uptrend....

USDCAD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:59 am
USD/CAD is currently encountering the support of a rising price channel on its 4-hour chart. As long as the channel support holds, the recent pullback from 1.3639 could be considered a period of consolidation within the overall...

USDJPY Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:49 am
USD/JPY is maintaining its uptrend from the 138.05 level. As long as the support level at 144.53 holds, the recent pullback from 147.37 could be considered a period of consolidation within the overall uptrend. In such a...

AUDUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:41 am
AUD/USD has made a significant breakthrough by surpassing the 0.6487 resistance level. This breakout indicates that the previous downward movement from 0.6894 to 0.6363 has likely concluded. As a result, it is likely to see a further...

GBPUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:30 am
GBP/USD has shown a rebound from the 1.2547 level, climbing as high as 1.2745. There is potential for a further rally in the coming days to test the 1.2817 resistance level. A break above this resistance level...