EURUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:27 am
The EURUSD currency pair has entered a consolidation phase within the context of its overall uptrend from 0.9535. Traders can anticipate range trading between the support level around 1.0515 and the resistance level near 1.1095 over the...

USDCAD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 3:11 am
The USDCAD currency pair has recently displayed resilience as it failed to break below the rising price channel on the weekly chart. This price action suggests that the pair remains in a long-term uptrend that originated from...

USDJPY Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 3:04 am
The USDJPY currency pair has recently exhibited a significant move, breaking above the key resistance level at 137.90. This breakout suggests that the downward correction from 151.94 has likely concluded at the 127.21 level, opening the door...

AUDUSD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 2:59 am
The AUDUSD currency pair is currently experiencing a period of consolidation as it navigates within a defined range. Traders are closely monitoring this range, as it provides insights into the potential future direction of the pair. It...

GBPUSD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 2:53 am
The GBPUSD currency pair is currently encountering a significant level of support as it approaches the rising trend line on the weekly chart. Traders are closely monitoring this level, as it could play a crucial role in...

EURUSD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 2:47 am
The EURUSD currency pair has recently broken below the rising trend line on the weekly chart, signaling the start of a lengthier consolidation period for the long-term uptrend from 0.9535. This development has garnered attention from traders...

USDCAD Analysis – May 14, 2023

by ForexCycle.com | May 14, 2023 3:48 am
USDCAD has been trading in a range between 1.3225 and 1.3977, indicating a period of consolidation after the long-term uptrend from the May 2021 low of 1.2006. The pair has been following a rising price channel on...

USDJPY Analysis – May 14, 2023

by ForexCycle.com | May 14, 2023 3:43 am
USDJPY is currently facing a key resistance level at 137.90, and traders are closely watching to see whether the currency pair will be able to break above this level. If USDJPY manages to break through 137.90, it...

AUDUSD Analysis – May 14, 2023

by ForexCycle.com | May 14, 2023 3:37 am
The AUDUSD currency pair has been forming a sideways consolidation pattern for the long-term downtrend from the February 2021 high. As the pair remains below the falling trend line on the weekly chart, the downside movement is...

GBPUSD Analysis – May 14, 2023

by ForexCycle.com | May 14, 2023 3:29 am
GBPUSD is currently trading near a critical support level, the rising trend line on the weekly chart. The pair has been in a long-term uptrend since hitting a low of 1.0352 in September 2022. As long as...