EURUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:06 am
The EURUSD currency pair has recently broken above a falling trend line on the 4-hour chart, indicating a period of consolidation for the ongoing downtrend that originated from 1.1091. However, caution is still warranted as the pair...

USDCAD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 11:02 am
The USDCAD currency pair has encountered resistance around the 1.3667 level and experienced a pullback from its recent high at 1.3654. This price action suggests a period of consolidation for the ongoing uptrend that originated from 1.3314....

USDJPY Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:57 am
The USDJPY currency pair has demonstrated resilience, remaining within a well-defined rising price channel on the 4-hour chart, thus sustaining the broader uptrend that originated from 133.49. Currently, the pair is experiencing a pullback from its recent...

AUDUSD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:54 am
The AUDUSD currency pair has remained entrenched in a persistent downtrend, originating from its peak at 0.6817. The recent bounce from 0.6490 is likely a period of consolidation within this broader downtrend. At present, AUDUSD faces a...

GBPUSD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:47 am
The GBPUSD currency pair has been mired in a persistent downtrend, marked by its position below a descending trend line on the 4-hour chart. The pair continues to grapple with bearish pressures that originated from the high...

EURUSD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:43 am
The EURUSD currency pair has been struggling to break free from the grip of a persistent downtrend, as indicated by its position below a descending trend line on the 4-hour chart. The pair remains locked in a...

How to Choose the Right Forex Broker: A Guide for Forex Traders

by ForexCycle.com | May 28, 2023 5:57 am
Introduction Unleashing the potential of forex trading starts with choosing the right broker. As a forex trader, your broker plays a crucial role in your trading journey, impacting everything from execution speed and trading costs to security...

USDCAD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:58 am
The USDCAD currency pair has displayed a resilient uptrend, remaining within a rising price channel on the weekly chart. This upward movement has been in play since the pair found support at 1.2006, indicating the dominance of...

USDJPY Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:53 am
The USDJPY currency pair has displayed a strong bullish momentum, extending its upside movement from 127.21 to reach as high as 140.72. This upward surge indicates that the bulls remain in control and suggests the potential for...