USDCAD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:56 am
The USDCAD pair has experienced a significant break below the key support level at 1.3475, signaling a potential shift in market sentiment. This development suggests that the short-term uptrend from 1.3314 has likely reached its completion point...

USDJPY Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:48 am
The USDJPY pair has made a significant breakthrough, surpassing the key resistance level at 135.46. This development suggests a shift in market dynamics, indicating that the pair is now in an uptrend from its previous low of...

AUDUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:38 am
The AUDUSD pair has been entrenched in a downtrend since its peak at 0.6817, with the recent bounce from 0.6635 being viewed as a corrective consolidation within this overall downtrend. Traders should closely monitor the price action...

GBPUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:29 am
The GBPUSD pair recently experienced a failed attempt to break below the support level at 1.2435 and subsequently rebounded from a low of 1.2442. The price action suggests that the pair is currently facing resistance at the...

EURUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:18 am
The EURUSD pair has been facing challenges as it remains below a significant falling trend line on the 4-hour chart, indicating that the pair is still in a downtrend from the 1.1091 level. The downtrend has persisted...

USDCAD Analysis – May 15, 2023

by ForexCycle.com | May 15, 2023 2:58 am
The USDCAD pair has recently broken above the falling price channel on the 4-hour chart, indicating a reversal of the downtrend that started from the 1.3667 high. The pair has been in a downtrend since late April,...

USDJPY Analysis – May 15, 2023

by ForexCycle.com | May 15, 2023 2:47 am
The USDJPY has been trading in a range between 129.63 and 135.46 since May, but recent price action suggests that the uptrend from the March low has resumed. The pair failed to break below the key support...

AUDUSD Analysis – May 15, 2023

by ForexCycle.com | May 15, 2023 2:38 am
The AUDUSD pair has been trading in a bearish trend, with prices breaking below a significant support level. Let’s take a look at some of the key factors driving the market and what we can expect in...

GBPUSD Analysis – May 15, 2023

by ForexCycle.com | May 15, 2023 2:27 am
The GBPUSD pair has been experiencing some downward pressure recently, breaking below the rising trend line on the 4-hour chart. The pair is now facing a critical support level at 1.2435, and a break below this level...

EURUSD Analysis – May 15, 2023

by ForexCycle.com | May 15, 2023 2:11 am
EURUSD is currently trading in a downtrend after breaking below the key support level at 1.0909, indicating that the upside movement from the March low of 1.0515 has completed at 1.1095. This marks a significant shift in...