USDCAD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 3:15 am
USDCAD has continued its upward move from 1.3092, reaching as high as 1.3377. The pair is currently encountering resistance at 1.3386. A break above this level could potentially trigger a further upside move towards 1.3500. Immediate support...

USDJPY Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 3:02 am
USDJPY has continued its upward movement from 138.05, reaching as high as 143.88. The subsequent pullback from 143.88 suggests that a consolidation phase for the uptrend is taking place. It is likely that the pair will experience...

AUDUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:52 am
AUDUSD is in a downtrend from 0.6894, and the recent bounce from 0.6513 could be seen as a consolidation phase within this downtrend. It is likely that the price will range trade between 0.6513 and 0.6620 for...

GBPUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:43 am
GBPUSD is in a downtrend from 1.3141, and the recent bounce from 1.2619 could be considered a consolidation phase within this downtrend. As long as the price remains below the descending trend line on the 4-hour chart,...

EURUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:15 am
EURUSD is currently below a descending trend line on the 4-hour chart, indicating its continued downtrend from 1.1275. The price has extended its fall to as low as 1.0912. As long as the resistance of the trend...

USDCAD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:23 am
USDCAD has continued its upward move from 1.3092, reaching as high as 1.3352. The analysis suggests that further upside is possible after a minor consolidation, with the next potential target being the previous high at 1.3386. Immediate...

USDJPY Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:15 am
USDJPY is currently in an uptrend, with its origin point at 138.05, and the recent pullback from 143.54 is seen as a consolidation phase within this uptrend. As long as the support level at 141.94 holds, it...

AUDUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:06 am
AUDUSD has extended its downward movement from 0.6894, reaching as low as 0.6526. The analysis suggests that further decline is possible after a minor consolidation, with the next potential target area being around 0.6450. Immediate resistance can...

GBPUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:56 am
GBPUSD has continued its downward movement from 1.3141, reaching as low as 1.2679. As long as the pair remains below the descending trend line on the 4-hour chart, there is a likelihood for the downside move to...

EURUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:47 am
EURUSD has broken below the support level at 1.0943 and has continued its downward movement from 1.1275, reaching as low as 1.0917. As long as the price remains below the descending trend line on the 4-hour chart,...