EURUSD Weekly Analysis – August 5, 2023
EURUSD is in a long-term uptrend from 0.9535, and the price action from 1.1032 can be seen as a consolidation phase within this uptrend. The rising trend line on the weekly chart is a key support level...
Category: Long Term Forex Analysis
USDCAD Weekly Analysis – July 29, 2023
The USDCAD pair is currently holding below the descending trend line on the weekly chart, signaling a continuation of the downtrend that began from 1.3977. As long as the price remains below the trend line, we can...
USDJPY Weekly Analysis – July 29, 2023
The USDJPY pair is currently trading in a rising price channel on the weekly chart. This suggests that the long-term uptrend from 127.21 is still intact. The next target is at 151.94, the previous high. A break...
AUDUSD Weekly Analysis – July 29, 2023
AUDUSD has been moving sideways in a trading range between 0.6170 and 0.7157 for several weeks. This sideways movement is likely a consolidation for the long-term downtrend from 0.8006. As long as the resistance of the falling...
GBPUSD Weekly Analysis – July 29, 2023
GBPUSD has been staying above a rising trend line on the weekly chart, indicating that the pair remains in a long-term uptrend from 1.0352. As long as the trend line support holds, the pullback from 1.3141 could...
EURUSD Weekly Analysis – July 29, 2023
EURUSD has been staying within a rising price channel on the weekly chart, indicating that the pair remains in a long-term uptrend from 0.9535. As long as the channel support holds, the pullback from 1.1275 could be...
USDCAD Weekly Analysis – July 22, 2023
USDCAD continues to face downward pressure, staying below the falling trend line on the weekly chart and maintaining its downtrend from 1.3977. Market analysts and traders are closely observing this downward movement, with expectations of further declines...
USDJPY Weekly Analysis – July 22, 2023
USDJPY has demonstrated strength by remaining within a rising price channel on the weekly chart, affirming its position in the long-term uptrend from 127.21. Market participants are closely monitoring this upward movement, with expectations of continued gains...
AUDUSD Weekly Analysis – July 22, 2023
AUDUSD has been caught in a sideways consolidation phase, trading within a defined range between 0.6170 and 0.7157. Market analysts and traders are closely observing this price action, treating it as a consolidation phase within the context...
GBPUSD Weekly Analysis – July 22, 2023
GBPUSD has demonstrated its resilience on the weekly chart, remaining above the rising trend line and sustaining its long-term uptrend from 1.0352. Market analysts and traders are closely monitoring this upward movement, with expectations of further gains...