USDJPY Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:46 pm
The USDJPY pair has experienced a significant breakthrough as it broke above the key resistance level at 137.77. With the breach of the previous high resistance, the USDJPY pair has opened the door for additional gains. As...

AUDUSD Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:40 pm
The AUDUSD pair has witnessed a significant development as it broke below the support level at 0.6635. This break suggests that the downtrend from the previous high of 0.6817 has resumed, signaling a shift in market sentiment...

GBPUSD Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:36 pm
The GBPUSD pair has encountered a significant development as it broke below the key support level at 1.2442. This break suggests that the downtrend from the previous high of 1.2679 has resumed, indicating a shift in the...

EURUSD Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:30 pm
The EURUSD pair has experienced a notable bearish development as it broke below the support level at 1.0845. The downward move from the previous high of 1.1091 has extended, with the price reaching as low as 1.0805....

Analysis of WTI Crude Oil Price Trend

by ForexCycle.com | May 17, 2023 3:48 am
After reaching a high of 126.35 in March 2022, prices have consistently declined, hitting a low of 63.95 on May 4th this year. The completion or continuation of this downward trend hinges on the key resistance level...

USDCAD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:54 am
The USDCAD pair has continued its downward trajectory, with the recent decline extending as low as 1.3403. This suggests that the bears are still in control, and further downside movement is a possibility. Traders should closely monitor...

USDJPY Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:48 am
The USDJPY pair has continued its upward trajectory, with the recent rally pushing the price as high as 136.67. This extension of the upside movement suggests underlying strength in the pair, and further upward momentum could be...

AUDUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:41 am
The AUDUSD pair has been moving within a relatively tight range, oscillating between 0.6635 and 0.6709. This consolidation phase suggests a period of indecision in the market and is likely a temporary pause in the overall downtrend...

GBPUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:32 am
The GBPUSD pair experienced a brief encounter with the 1.2540 resistance level, only to pull back and establish a trading range between 1.2442 and 1.2540. This price action suggests that the pair remains within a downtrend, which...

EURUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:21 am
The EURUSD pair has continued to exhibit a bearish bias, as it failed to break above the resistance level at 1.0909 and instead moved sideways within a narrow range between 1.0845 and 1.0909. This price action suggests...