USDCAD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 2:23 am
The USDCAD pair has recently witnessed a significant breakthrough, as it managed to break above both the falling trend line and the key resistance level at 1.3269. This breakout suggests a potential shift in market dynamics, indicating...

USDJPY Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 2:13 am
The USDJPY pair has been on an impressive upward trajectory, extending its move from the low of 138.42 to reach as high as 144.61. This significant rise suggests that the bullish momentum remains intact, and further gains...

AUDUSD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 2:05 am
The AUDUSD pair has encountered significant challenges in its recent price action, failing to break above the resistance of the falling trend line on the 4-hour chart. As a result, the pair has extended its downside move...

GBPUSD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 1:54 am
The GBPUSD pair has experienced continued downward movement, extending its decline from the recent high of 1.2847 to as low as 1.2605. This suggests that the bearish pressure remains intact, and further downside potential could be expected...

EURUSD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 1:42 am
The EURUSD pair has displayed resilience in recent trading sessions, breaking above the key resistance level at 1.0920 and signaling a potential shift in market dynamics. The breakout suggests that the pair is now in an uptrend...

USDCAD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:39 am
The USDCAD pair has shown persistent weakness, breaking below the previous low of 1.3138 and extending its downside move from 1.3654 to reach as low as 1.3131. The price action suggests a continuation of the downtrend, with...

USDJPY Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:31 am
The USDJPY currency pair has been exhibiting a resilient uptrend since its low of 138.42. Although the recent pullback from 143.86 may give the impression of a reversal, it is more likely a consolidation phase within the...

AUDUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:24 am
The AUDUSD currency pair is currently encountering a significant obstacle in the form of a resistance level represented by a falling trend line on the 4-hour chart. The pair’s recent rebound from 0.6662 is being viewed as...

GBPUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:13 am
The GBPUSD currency pair has been trading within a short-term downtrend, following its decline from the recent high of 1.2847. As long as the key resistance level at 1.2785 holds, market participants anticipate further downside potential, with...

EURUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:03 am
The EURUSD currency pair has recently broken above the key resistance level at 1.0920, indicating a potential shift in the market dynamics. This breakout suggests that the downside movement from 1.1011 has likely completed at the previous...