EURUSD Weekly Analysis – June 10, 2023

by ForexCycle.com | June 10, 2023 1:25 am
The EURUSD currency pair has been trading in a consolidation phase, indicating a pause in the long-term uptrend that originated from 0.9535. The price action from 1.1032 is likely a period of consolidation before the uptrend potentially...

USDCAD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:54 am
The USDCAD currency pair has been exhibiting a period of consolidation, characterized by a sideways movement within a defined trading range. This range is currently observed between the support level at 1.3225 and the resistance level at...

USDJPY Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:49 am
The USDJPY currency pair has shown strong upward momentum, extending its move from 127.21 to reach as high as 140.92. This bullish trend has provided traders and investors with opportunities for potential gains. As the pair continues...

AUDUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:44 am
The AUDUSD currency pair has experienced a significant fall from its recent high at 0.7157, extending down to 0.6457. Market participants are now anticipating the possibility of further downside movement over the next several weeks, with the...

GBPUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:36 am
The GBPUSD currency pair has entered a phase of consolidation following the previous uptrend from 1.0352. Traders are closely monitoring the price action, with expectations of a potential decline towards the 1.1800 level over the coming weeks....

EURUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:32 am
The EURUSD currency pair has been trading within a relatively tight range, fluctuating between 1.0515 support and 1.1095 resistance. This price action suggests a period of consolidation for the pair, following the significant uptrend from 0.9535. Traders...

USDCAD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:58 am
The USDCAD currency pair has displayed a resilient uptrend, remaining within a rising price channel on the weekly chart. This upward movement has been in play since the pair found support at 1.2006, indicating the dominance of...

USDJPY Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:53 am
The USDJPY currency pair has displayed a strong bullish momentum, extending its upside movement from 127.21 to reach as high as 140.72. This upward surge indicates that the bulls remain in control and suggests the potential for...

AUDUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:40 am
The AUDUSD currency pair has recently broken below the significant support level at 0.6560, signaling a shift in market sentiment and suggesting further downside potential over the next several weeks. This break indicates that bearish pressure has...

GBPUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:35 am
The GBPUSD currency pair has recently broken below a rising trend line on the weekly chart, indicating that a period of consolidation for the uptrend from 1.0352 is currently underway. This consolidation phase suggests a temporary pause...