USDJPY Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:55 am
The USDJPY currency pair has seen a significant extension of its upward movement, reaching as high as 145.21 from its starting point at 141.50. As long as the price remains above the rising trend line on the...

AUDUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:24 am
Once the AUDUSD currency pair reached the resistance level of the descending price channel on the 4-hour chart, it experienced a sharp decline, falling to 0.6456. The drop below the support level of 0.6496 suggests that the...

GBPUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:14 am
Following its interaction with the descending trend line on the 4-hour chart, the GBPUSD currency pair experienced a sharp decline, dropping to 1.2665. There is a possibility of a further decline, testing the support level at 1.2590....

EURUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:05 am
After reaching a resistance level of 1.1047, the EURUSD currency pair experienced a significant decline, dropping sharply to 1.0929. Currently, it is approaching a crucial support level at 1.0912. A decisive break below this support level would...

Something different: ‘Label the Charts’

by ForexCycle.com | August 10, 2023 9:02 am
Today, we have something new for you — as well as fun and educational. Our friends at Elliott Wave International have prepared for you 3 unlabeled charts of Analog Devices. Each one is a different timeframe. For...

USDCAD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:30 am
USDCAD is currently in a consolidation phase for the uptrend from 1.3092. There is a possibility of range trading between 1.3375 and 1.3501 in the coming days as the consolidation continues. As long as the support level...

USDJPY Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:25 am
USDJPY has broken above the 143.88 resistance level, indicating the resumption of the uptrend from 1.3723. With this breakout, there is an expectation for further upward movement in the coming days. The next target for the pair...

AUDUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:18 am
AUDUSD has been moving sideways within a trading range between 0.6496 and 0.6609. As long as the price remains within the falling price channel on the 4-hour chart, there is an expectation for the downside move to...

GBPUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:10 am
GBPUSD has continued its sideways movement within a trading range between 1.2619 and 1.2791. As long as the price remains below the falling trend line on the 4-hour chart, the sideways movement can be considered as consolidation...

EURUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:05 am
EURUSD has indeed broken above the resistance of the falling trend line on the 4-hour chart. With this breakout, there is a potential for further upside movement in the pair, with the next target being the 1.1047...