AUDUSD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 12:58 am
AUDUSD has been showing a strong uptrend since hitting a low of 0.6573. The pair remains above the rising trend line on the 4-hour chart, indicating the continued strength of the uptrend. However, as the pair approaches...

GBPUSD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 12:50 am
GBPUSD has been trading in a consolidating pattern recently, with the pair pulling back from its recent high of 1.2668. This suggests that a period of consolidation for the uptrend from the Mar low of 1.1802 is...

EURUSD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 12:43 am
EURUSD has been moving sideways in a tight range between 1.0909 and 1.1095, with neither the bulls nor the bears taking control of the pair. The lack of directional bias has kept the pair within the range...

USDCAD Analysis – May 8, 2023

by ForexCycle.com | May 8, 2023 3:37 am
The USD/CAD pair continued its downward momentum, hitting as low as 1.3369. It appears that the pair is consolidating at these levels before making another move, and the next target could be at the 1.3300 support level....

USDJPY Analysis – May 8, 2023

by ForexCycle.com | May 8, 2023 3:23 am
The pair rebounded from the rising trend line on the 4-hour chart, which has been supporting the price since mid-April. The rebound could signal a possible further rally for the pair, with the next target at 135.80....

AUDUSD Analysis – May 8, 2023

by ForexCycle.com | May 8, 2023 3:08 am
The AUDUSD currency pair has been showing a strong uptrend from its low of 0.6573. Currently, the pair is trading above a rising trend line on the 4-hour chart, indicating that the trend is still intact. As...

GBPUSD Analysis – May 8, 2023

by ForexCycle.com | May 8, 2023 2:40 am
GBP/USD has continued its upward momentum as it stays above a rising trend line on the 4-hour chart. The pair remains in an uptrend from the low of 1.1802 set on March 8th. Traders are watching for...

EURUSD Analysis – May 8, 2023

by ForexCycle.com | May 8, 2023 2:24 am
EURUSD has been trading in a sideways range between 1.0909 and 1.1095, indicating a period of consolidation for the uptrend from the March low of 1.0515. The current trading range suggests that the market is undecided on...

USDCAD Analysis – May 7, 2023

by ForexCycle.com | May 7, 2023 10:28 am
USDCAD has been moving within a range-bound price channel on the weekly chart for quite some time. The currency pair has remained in the uptrend from 1.2006 and is currently consolidating within the trading range between 1.3225...

USDJPY Analysis – May 7, 2023

by ForexCycle.com | May 7, 2023 10:12 am
The USDJPY currency pair has been moving sideways in a trading range between 127.21 and 137.90 for a while. As long as the resistance at 137.90 holds, the pair’s current sideways move could be considered as a...