USDJPY: Sideways Shuffle or Downtrend Resumption?

by ForexCycle.com | February 21, 2024 2:02 am
USDJPY’s recent rally has hit a snag, breaking below the rising price channel on the 4-hour chart. Now, the pair finds itself caught in a tug-of-war between bulls and bears, oscillating within a trading range. Let’s analyze...

USDCHF Holds Uptrend, But Will It Climb Higher or Consolidate?

by ForexCycle.com | February 20, 2024 1:25 am
USDCHF continues its upward journey, staying above a rising trend line on its 4-hour chart. This indicates that the uptrend, initiated at 0.8550, remains in play. But will the recent pullback lead to further gains or just...

USDJPY on the Rise: Uptrend Continuation or Correction?

by ForexCycle.com | February 19, 2024 12:31 am
USDJPY continues its upward journey, staying within a rising price channel on the 4-hour chart. This suggests the uptrend initiated at 145.89 remains intact. Let’s dive into the technicals to understand the potential scenarios for the pair’s...

EURUSD at Crossroads: Breakout or Retreat in Downtrend?

by ForexCycle.com | February 18, 2024 11:44 pm
EURUSD faces a critical decision point, hovering near the key resistance level of 1.0805. Let’s dissect the technicals to understand whether a breakout or a retreat within the established downtrend is more likely. Upside Potential: Breakout or...

USDCAD Retreats: Range Trading or Trend Reversal?

by ForexCycle.com | February 16, 2024 2:32 am
USDCAD’s recent surge above 1.3543 resistance was short-lived, as the pair has pulled back and broken below 1.3510 support. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Range Trading or Downtrend?...

USDCHF Pulls Back: Will Support Hold or Give Way?

by ForexCycle.com | February 16, 2024 2:10 am
USDCHF’s recent rally encountered resistance at 0.8885, leading to a pullback that’s currently testing support at 0.8775. Let’s analyze the technicals to understand whether this is a temporary pause or a sign of a deeper decline. Uptrend...