USDCAD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:48 am
The USDCAD currency pair has been experiencing a prolonged downtrend from 1.3654, and the recent price action from 1.3138 indicates a period of consolidation for the ongoing downtrend. As long as the price remains below the falling...

USDJPY Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:41 am
The USDJPY currency pair has shown remarkable strength, extending its upward move from 138.42 to as high as 143.86. The bullish momentum suggests that further gains could be expected in the coming days, with the next target...

AUDUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:33 am
The AUDUSD currency pair has continued its downward trajectory, extending its move from 0.6899 to as low as 0.6662. The prevailing bearish momentum suggests that further declines are still possible in the near term. The next target...

GBPUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:22 am
The GBPUSD currency pair has broken below the significant support level at 1.2690, indicating a continuation of the downtrend initiated from 1.2847. This development suggests that further declines are likely in the near term, with potential targets...

EURUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:16 am
The EURUSD currency pair has experienced a rebound from 1.0844, suggesting that a period of consolidation for the recent downtrend from 1.1011 is currently underway. Traders should anticipate range trading between 1.0844 and 1.0920 in the coming...

USDCAD Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:45 am
The USDCAD currency pair has recently broken below a key support level at 1.3225, signaling a shift in market sentiment and indicating that the pair is now in a long-term downtrend from 1.3977. This break below support...

USDJPY Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:35 am
The USDJPY currency pair has experienced a significant upside move from 127.21, reaching as high as 143.86. This bullish momentum suggests that further gains may be on the horizon for the pair over the next several weeks....

AUDUSD Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:29 am
The AUDUSD currency pair has been trading within a sideways range, oscillating between the levels of 0.6170 and 0.7157. This period of consolidation comes after a long-term downtrend from 0.8006. Traders are closely monitoring the price action...

GBPUSD Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:13 am
The GBPUSD currency pair has been displaying a long-term uptrend, with its origins traced back to 1.0352. Despite occasional periods of consolidation and pullbacks, the overall trajectory remains skewed to the upside. Traders are closely monitoring key...

EURUSD Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:06 am
The EURUSD currency pair has been engaged in a prolonged period of sideways movement, oscillating within a trading range between 1.0515 and 1.1095. This consolidation phase has persisted for some time, and traders are closely monitoring the...