USDCAD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:12 am
The USDCAD pair has experienced an extended downtrend, reaching as low as 1.3092 from the high of 1.3977. This decline indicates the continuation of the long-term bearish movement. Traders should be aware of the potential for further...

USDJPY Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:05 am
The USDJPY pair has experienced a significant development as it broke below the key support level at 137.90. This break suggests that the upside move from 127.21 has reached its completion at the high of 145.06. Currently,...

AUDUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:48 am
The AUDUSD pair has been engaged in a sideways movement, oscillating within the range of 0.6170 and 0.7157. This consolidation phase comes after a long-term downtrend from 0.8006, suggesting that the pair is taking a breather before...

GBPUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:10 am
The GBPUSD pair has been on an impressive long-term uptrend, stretching from 1.0352 to as high as 1.3141. This sustained upward momentum signals the strength of the British pound against the US dollar and suggests that further...

EURUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:02 am
The EURUSD pair has experienced a significant breakthrough, breaking above the key resistance level at 1.1095 and reaching as high as 1.1244. This breakout suggests that the long-term uptrend from 0.9535 has resumed, signaling potential further gains...

USDCAD Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 12:37 pm
The USDCAD pair has experienced continued downside momentum, extending its move lower from the recent high of 1.3386. Breaking below the key support level at 1.3116, the pair has now reached as low as 1.3092. This downward...

USDJPY Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 12:26 pm
The USDJPY currency pair has entered a consolidation phase after finding support at 137.23, following a downtrend from the high of 145.06. The pair is currently trading within a range between 137.23 and 138.95, as it seeks...

AUDUSD Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 12:10 pm
The AUDUSD currency pair has been steadily climbing, with its current price approaching a crucial resistance level at 0.6899, representing the previous high. Traders are closely watching for a potential breakout above this level, which could ignite...

GBPUSD Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 11:23 am
The GBPUSD currency pair has experienced a significant upside move, extending from its recent low of 1.2590 to reach as high as 1.3141. This robust rally has instilled optimism among traders, who are now anticipating further gains...

EURUSD Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 10:53 am
The EURUSD currency pair has displayed a strong upside move, extending from its recent low of 1.0833 to reach as high as 1.1244. This sustained bullish momentum has generated optimism among traders, who are now anticipating further...