EURUSD Daily Analysis – June 13, 2023

by ForexCycle.com | June 13, 2023 7:08 am
The EURUSD currency pair has continued its upward movement, extending from 1.0635 to reach a recent high of 1.0797. This bullish momentum suggests that further upside potential remains in the market, with traders eyeing key resistance levels...

USDCAD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:47 am
The USDCAD currency pair has continued its downward movement, extending from 1.3654 to a recent low of 1.3312. The pair is currently facing a critical support level at 1.3300, which will play a crucial role in determining...

USDJPY Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:43 am
The USDJPY currency pair has been engaged in a period of sideways movement, maintaining a trading range between 138.42 and 140.91. This consolidation phase suggests a temporary pause in the market before the next directional move. As...

AUDUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:37 am
The AUDUSD currency pair has exhibited a strong upward movement, extending from 0.6457 to reach as high as 0.6750. This surge in price indicates the potential for further upside momentum in the near term. Notably, the price...

GBPUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:31 am
The GBPUSD currency pair has recently surpassed a significant resistance level at 1.2545, signaling a potential completion of the preceding downward move from 1.2679, which ended at 1.2307. This breakout suggests a shift in market sentiment and...

EURUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:26 am
The EURUSD currency pair has recently broken above a key resistance level at 1.0778, indicating a potential completion of the previous downside move from 1.1095, which ended at 1.0635. This breakout suggests a shift in market sentiment...

USDCAD Weekly Analysis – June 10, 2023

by ForexCycle.com | June 10, 2023 1:40 am
The USDCAD currency pair has recently broken below the lower border of a significant rising price channel on the weekly chart. This breakdown suggests a potential shift in the long-term market dynamics, indicating a possible end to...

USDJPY Weekly Analysis – June 10, 2023

by ForexCycle.com | June 10, 2023 1:37 am
The USDJPY currency pair has been experiencing an uptrend from its low at 127.21, with the price action remaining above a significant rising trend line on the weekly chart. This suggests that the bullish momentum is still...

AUDUSD Weekly Analysis – June 10, 2023

by ForexCycle.com | June 10, 2023 1:33 am
The AUDUSD currency pair has been experiencing a long-term downtrend, which has persisted since its peak at 0.8006. Despite a recent rebound from 0.6170, the pair remains below a significant falling trend line on the weekly chart,...