EURUSD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:02 am
The EURUSD currency pair finds itself at a critical juncture as it confronts the resistance of a falling trend line on the 4-hour chart. Traders are closely observing this price level as it has the potential to...

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by ForexCycle.com | May 22, 2023 11:12 pm
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USDCAD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:49 am
The USDCAD currency pair has continued its sideways movement, consolidating within a trading range between 1.3403 and 1.3567. Traders should closely monitor key support and resistance levels as the pair remains in this range-bound phase. In the...

USDJPY Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:45 am
The USDJPY currency pair has recently broken below its rising trend line on the 4-hour chart, suggesting that a period of consolidation for the uptrend from 133.49 is currently underway. Traders should exercise caution and closely monitor...

AUDUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:37 am
The AUDUSD currency pair remains entrenched in a persistent downtrend, with the recent bounce from 0.6604 being viewed as a period of consolidation within this overall bearish trend. Traders should exercise caution as the pair navigates key...

GBPUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:34 am
The GBPUSD currency pair remains locked in a persistent downtrend, with the recent bounce from 1.2391 being viewed as a period of consolidation within this overall bearish trend. Traders should exercise caution as the pair grapples with...

EURUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:29 am
The EURUSD currency pair continues to face challenges as it remains below a prominent falling trend line on the 4-hour chart, reaffirming its downtrend from 1.1091. The price action following the bounce from 1.0759 can be interpreted...

USDCAD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 3:11 am
The USDCAD currency pair has recently displayed resilience as it failed to break below the rising price channel on the weekly chart. This price action suggests that the pair remains in a long-term uptrend that originated from...

USDJPY Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 3:04 am
The USDJPY currency pair has recently exhibited a significant move, breaking above the key resistance level at 137.90. This breakout suggests that the downward correction from 151.94 has likely concluded at the 127.21 level, opening the door...

AUDUSD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 2:59 am
The AUDUSD currency pair is currently experiencing a period of consolidation as it navigates within a defined range. Traders are closely monitoring this range, as it provides insights into the potential future direction of the pair. It...