USDCAD Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:57 am
The USDCAD currency pair continues to adhere to the established downtrend from 1.3654, as indicated by its position below the falling trend line on the 4-hour chart. The pair remains in a bearish phase, and there is...

USDJPY Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:48 am
The USDJPY currency pair has continued its impressive upside move, reaching as high as 143.31. This upward momentum suggests that the pair remains in a strong uptrend, and there is a possibility of further gains in the...

AUDUSD Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:39 am
The AUDUSD currency pair has witnessed an extended downside move, reaching as low as 0.6684. This decline suggests that the pair remains under selling pressure, and there is a possibility of further downside in the near term....

GBPUSD Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:31 am
The GBPUSD currency pair has experienced a significant development as it broke below the key support level at 1.2690. This break suggests that the previous upside move from 1.2307 has likely reached its completion at 1.2847. Traders...

EURUSD Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:24 am
The EURUSD currency pair has experienced a significant development as it broke below the rising trend line on the 4-hour chart. This break suggests that the previous upside movement from 1.0635 has likely reached its completion at...

USDCAD Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:50 am
The USDCAD currency pair has faced a notable setback as it failed to break above the falling trend line on the 4-hour chart. Consequently, the pair extended its downward move from 1.3654, reaching as low as 1.3150....

USDJPY Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:37 am
The USDJPY currency pair has experienced a significant breakthrough, surpassing the resistance level at 142.24 and extending its upside move from 138.42 to a high of 142.36. This breakout suggests that the pair’s bullish momentum remains intact....

AUDUSD Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:31 am
The AUDUSD currency pair has continued its downward trajectory, extending its move from the 0.6899 level to as low as 0.6740. This ongoing decline suggests that further downside movement could be expected in the coming days. With...

GBPUSD Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:24 am
The GBPUSD currency pair has shown resilience as it failed to break below the bottom of the rising price channel on the 4-hour chart and instead rebounded from the 1.2690 level. This rebound suggests that the pair...

EURUSD Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:17 am
The EURUSD currency pair has demonstrated resilience as it failed to break below the rising trend line on the 4-hour chart and instead rebounded from the 1.0891 level. This rebound has been accompanied by a breakthrough above...