USDCAD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:44 am
USDCAD has successfully broken above the resistance level at 1.3242. This breakout suggests that a further rally is likely to occur in the coming days, with the next target set at 1.3300, followed by the previous high...

USDJPY Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:35 am
USDJPY has recently broken above the falling trend line on the 4-hour chart, indicating that the previous downside movement from 141.94, which reached as low as 138.05, has concluded. With this breakout, a further rally could be...

AUDUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:18 am
The AUDUSD pair has experienced a significant downside move, extending from 0.6894 to as low as 0.6622. As long as the price remains below the falling trend line on the 4-hour chart, there is a strong indication...

GBPUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 1:54 am
The GBPUSD pair is currently facing resistance from a falling trend line on the 4-hour chart, reaffirming its position within a downtrend that began at 1.3141. As long as the trend line resistance remains unbroken, there is...

EURUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 1:41 am
The EURUSD pair is currently remaining below a falling trend line on the 4-hour chart. This suggests that the pair is still entrenched in a downtrend that originated from 1.1275. As long as the trend line resistance...

USDCAD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:23 am
The USDCAD pair is currently holding below the descending trend line on the weekly chart, signaling a continuation of the downtrend that began from 1.3977. As long as the price remains below the trend line, we can...

USDJPY Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:16 am
The USDJPY pair is currently trading in a rising price channel on the weekly chart. This suggests that the long-term uptrend from 127.21 is still intact. The next target is at 151.94, the previous high. A break...

AUDUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:05 am
AUDUSD has been moving sideways in a trading range between 0.6170 and 0.7157 for several weeks. This sideways movement is likely a consolidation for the long-term downtrend from 0.8006. As long as the resistance of the falling...

GBPUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:39 am
GBPUSD has been staying above a rising trend line on the weekly chart, indicating that the pair remains in a long-term uptrend from 1.0352. As long as the trend line support holds, the pullback from 1.3141 could...

EURUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:29 am
EURUSD has been staying within a rising price channel on the weekly chart, indicating that the pair remains in a long-term uptrend from 0.9535. As long as the channel support holds, the pullback from 1.1275 could be...