EURUSD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 4:19 am
The EURUSD currency pair has made a notable breakthrough, breaking above a falling trend line on the 4-hour chart. This development suggests that the downside move from 1.1011 has potentially concluded at 1.0833. Traders will now shift...

USDCAD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:29 am
The USDCAD currency pair has been entrenched in a long-term downtrend, originating from 1.3977. This downtrend suggests the likelihood of further declines in the coming weeks. Traders with a bearish outlook anticipate the next target to be...

USDJPY Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:25 am
The USDJPY currency pair has maintained its long-term uptrend, which originated from 127.21. Despite potential periods of consolidation, the overall upward trajectory suggests the possibility of further gains in the future. Traders with a bullish outlook anticipate...

AUDUSD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:21 am
The AUDUSD currency pair has been experiencing a period of sideways movement, trading within a range between 0.6170 and 0.7157. This consolidation phase suggests a pause in the long-term downtrend that originated from 0.8006. However, it is...

GBPUSD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:18 am
The GBPUSD currency pair has been maintaining its long-term uptrend, which originated from 1.0352. This upward trajectory suggests that further gains could be expected in the coming weeks, with a potential next target in the 1.3200 area....

EURUSD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:14 am
The EURUSD currency pair has been experiencing a period of consolidation, as it continues to trade within a range between 1.0515 and 1.1095. Currently, the pair is approaching the resistance level at 1.1095, which holds significance for...

USDCAD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 6:04 am
The USDCAD currency pair has continued its upward trajectory, extending the rally from 1.3116 to reach as high as 1.3372. The pair is currently facing a key resistance level at 1.3387, which will be closely watched by...

USDJPY Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 5:54 am
The USDJPY currency pair is currently consolidating within a range as it holds steady in its uptrend from 138.42. The price is expected to trade between the support level at 142.67 and the resistance level at 145.06...

AUDUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:12 am
The AUDUSD currency pair is currently facing a critical support level at 0.6594. A decisive breakdown below this level could potentially lead to further downside momentum, targeting the next support at 0.6550. Traders will closely monitor price...

GBPUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:04 am
GBPUSD has successfully broken above the key resistance level at 1.2758, indicating a potential resumption of the upside move from 1.2307. This breakthrough suggests a shift in market sentiment and a possible continuation of the bullish momentum...