EUR/USD Technical Analysis: Short-Term Bearish Trend Likely to Continue

by ForexCycle.com | July 22, 2024 3:36 am
The EUR/USD pair showed interesting price action last Friday, providing insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that the EUR/USD may continue its...

GBP/USD Technical Analysis: Range-Bound Trading Expected

by ForexCycle.com | July 22, 2024 3:13 am
The British Pound (GBP) has recently experienced a significant move against the US Dollar (USD), breaking below a key support level. Let’s break down what this means for traders and what to expect in the coming days....

AUD/USD Falls Amid Weak Chinese GDP Data and Commodity Prices

by ForexCycle.com | July 17, 2024 10:31 am
On Tuesday, July 16th, the Australian dollar (AUD) fell by 0.4% against the US dollar (USD), closing at 0.6733. Earlier in the day, the pair had dropped to a low of 0.6712. This decline was driven by...

USD/JPY Rises Amid Fed and BOJ Speculations

by ForexCycle.com | July 10, 2024 9:31 am
On Tuesday, July 9th, the USD/JPY pair increased by 0.29%, closing at 161.28. This keeps the pair just below the 38-year high of 161.95 reached last week. Key Factors Influencing USD/JPY Upcoming Events to Watch Technical Analysis...

GBP/USD Technical Analysis: Consolidation Phase After Recent Rally

by ForexCycle.com | July 10, 2024 12:35 am
The British Pound (GBP) has shown impressive strength against the US Dollar (USD) recently, extending its upward move from 1.2612 to reach a high of 1.2845. However, the pair is now facing resistance at the 1.2860 level,...