British Pound Uptrend Remains Intact Despite Pullback

by ForexCycle.com | June 13, 2024 1:15 am
The GBPUSD currency pair has failed to break below the rising trendline on the 4-hour chart, instead extending its upside move that originated from the 1.2299 low on April 22nd. The rally carried the pair as high...

Euro Breaks Key Support Against US Dollar, Downside Risks Emerge

by ForexCycle.com | June 10, 2024 6:57 am
The EURUSD currency pair has broken below the key 1.0788 support level, indicating that the recent upside move from the 1.0600 low has likely completed at the 1.0915 high. This technical breakdown has opened the door for...

Euro Breaks Out Against US Dollar, Uptrend Resumes

by ForexCycle.com | June 4, 2024 12:51 am
After a period of consolidation, the EURUSD currency pair has broken out above the key 1.0894 resistance level, extending its upside move that originated from the 1.0600 low. The rally has carried the pair as high as...

US Dollar Consolidates After Extending Rally Against Japanese Yen

by ForexCycle.com | May 31, 2024 1:33 am
The USDJPY currency pair has extended its impressive upside move that originated from the 151.86 low, rallying as high as 157.70 in recent trading sessions. However, the subsequent pullback from the 157.70 high suggests that a consolidation...

Euro Breaks Key Support Against US Dollar, Correction Underway?

by ForexCycle.com | May 31, 2024 12:47 am
The EURUSD currency pair has broken below the key 1.0804 support level, suggesting that the recent upside move from the 1.0600 low has likely completed at the 1.0894 high. This technical breakdown has opened the door for...

US Dollar Extends Upside Momentum Against Japanese Yen

by ForexCycle.com | May 29, 2024 12:49 am
The USDJPY currency pair has broken out above the key 156.79 resistance level, extending its impressive upside move that originated from the 151.86 low. The rally has carried the pair as high as 157.37 in recent trading...

British Pound Extends Rally Against US Dollar

by ForexCycle.com | May 28, 2024 1:56 am
The GBPUSD currency pair has broken out above the 1.2761 resistance level, extending its impressive upside move that originated from the 1.2299 low. The rally has carried the pair as high as 1.2780 in recent trading sessions,...

Euro Breaks Out of Bearish Channel Against US Dollar

by ForexCycle.com | May 28, 2024 1:32 am
The EURUSD currency pair has broken out above the resistance of the falling price channel visible on the 4-hour chart. This technical breakout suggests that the recent pullback from the 1.0894 high has likely completed at the...

Australian Dollar Breaks Key Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:48 am
The AUDUSD currency pair’s pullback from the 0.6713 high has extended to as low as 0.6607, breaking below the support of the rising price channel visible on the 4-hour chart. This technical breakdown suggests that the recent...