EURUSD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 8:15 am
The EURUSD currency pair has experienced an extended upside move from its recent low of 1.0833, reaching as high as 1.1036. This upward momentum has generated optimism among traders, who are now eyeing further gains in the...

USDCAD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:37 am
The USDCAD currency pair has experienced a significant development as it broke below the rising trend line on the 4-hour chart. This breach suggests that the upside move from 1.3116 has potentially completed at the recent high...

USDJPY Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:28 am
The USDJPY currency pair has sustained its downward movement, extending the decline from 145.06 to as low as 140.60. Traders are anticipating further downside potential in the coming sessions, with the next target projected at 139.84, followed...

AUDUSD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:17 am
The AUDUSD currency pair has maintained its sideways movement, trading within a defined range between 0.6594 and 0.6720. Traders are patiently waiting for a decisive breakout to provide clarity on the pair’s next direction. Currently, the price...

GBPUSD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:06 am
The GBPUSD currency pair has made a decisive breakthrough above the significant resistance level at 1.2847, suggesting the potential for further upside movement in the coming days. This bullish development indicates that buyers have gained control and...

EURUSD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 2:58 am
The EURUSD currency pair experienced a significant breakthrough as it surged above the key resistance level at 1.1011. This bullish move suggests that the pair has gained strong momentum, potentially setting the stage for further upside potential...

USDCAD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 5:59 am
The USDCAD currency pair made an attempt to break above the key resistance level at 1.3387 but faced selling pressure and subsequently retraced back to the 1.3265 area. Currently, the pair is finding support at the rising...

USDJPY Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 5:51 am
The USDJPY currency pair experienced a breakdown below the key support level at 142.67, indicating a potential completion of the recent upside move from 138.42, which peaked at 145.06. The breach of support suggests a shift in...

AUDUSD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 4:47 am
The AUDUSD currency pair has been trading within a defined range between 0.6594 and 0.6720 in recent sessions. Despite several attempts, the pair failed to break above the resistance level at 0.6720, suggesting a potential downside move...

GBPUSD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 4:30 am
The GBPUSD currency pair has been making notable strides in recent sessions and is now approaching a critical resistance level at 1.2847. Traders are closely monitoring this level, as a break above it could potentially trigger a...