AUDUSD Daily Analysis – July 5, 2023
AUDUSD has been displaying a notable upside move, extending from its recent low of 0.6594 to a high of 0.6705. The pair is now facing a key resistance level at 0.6720, which could determine the next phase...
Author: ForexCycle.com
GBPUSD Daily Analysis – July 5, 2023
GBPUSD is currently approaching a key resistance level at 1.2758, and a decisive break above this level could potentially trigger a further upside move towards the next resistance at 1.2847. Traders closely monitoring the price action will...
EURUSD Daily Analysis – July 5, 2023
EURUSD has encountered significant resistance as it failed to break above a falling trend line on the 4-hour chart. This failure to breach the trend line indicates that the pair remains in a downtrend from the level...
USDCAD Daily Analysis – July 3, 2023
USDCAD has exhibited a noteworthy development as it successfully broke above a previously dominant falling trend line on the 4-hour chart. This breakout suggests a potential shift in market dynamics, indicating that the pair is now in...
USDJPY Daily Analysis – July 3, 2023
USDJPY has demonstrated resilience as it remains within a rising price channel on the 4-hour chart, affirming its ongoing uptrend from the low of 138.42. Traders who have been following the price action will likely continue to...
AUDUSD Daily Analysis – July 3, 2023
AUDUSD has experienced a significant development as it broke above the falling trend line on the 4-hour chart. This breakout suggests a potential further rise in the currency pair, with the next target being the 0.6720 resistance...
GBPUSD Daily Analysis – July 3, 2023
GBPUSD has made a notable move as it successfully broke above the key resistance level at 1.2690. This breakout suggests potential further upside momentum for the currency pair, with the next target being the 1.2758 resistance level....
EURUSD Daily Analysis – July 3, 2023
The EURUSD currency pair finds itself at a critical juncture as it encounters the resistance of a descending trend line on the 4-hour chart. Traders are closely watching for a potential breakout that could signal a reversal...
USDCAD Weekly Analysis – July 2, 2023
The USDCAD currency pair has experienced a significant development as it broke below a key support level at 1.3225, signaling a shift in the long-term trend. The pair is now firmly positioned in a downtrend from its...
USDJPY Weekly Analysis – July 2, 2023
The USDJPY currency pair has demonstrated significant strength, extending its upward trajectory from the low of 127.21 to reach a high of 145.06. The pair is poised for further gains in the coming weeks, with traders eyeing...