USDJPY Holds Uptrend: Breakout or Retracement on the Horizon?

by ForexCycle.com | February 16, 2024 1:50 am
USDJPY continues its upward journey, but is a further rally imminent, or is a period of consolidation or even a pullback brewing? Let’s analyze the technicals to understand the potential scenarios. Uptrend Intact: Consolidation or Further Gains?...

USDCHF Climbs Higher: Consolidation or Continued Rally?

by ForexCycle.com | February 15, 2024 1:36 am
USDCHF has been on a tear, extending its upward journey from 0.8550 to reach a new high of 0.8885. But will this bullish momentum continue, or is a period of consolidation or even a pullback on the...

GBPUSD Breaks Support: Downtrend Resumes or Brief Dip?

by ForexCycle.com | February 15, 2024 1:16 am
GBPUSD has dropped below the key support level of 1.2571, raising concerns about a potential continuation of the downtrend from 1.2827. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Downtrend Resumption...

EURUSD Stuck in Downtrend: Will It Break Lower or Consolidate?

by ForexCycle.com | February 15, 2024 1:02 am
EURUSD remains trapped beneath a bearish technical picture, raising concerns about further declines. Let’s analyze the key levels and potential scenarios based on current technicals. Downtrend in Play: Key Support Levels to Watch Hope for Consolidation or...

USDCAD Breaks Resistance: Will the Rally Continue?

by ForexCycle.com | February 14, 2024 1:29 am
USDCAD has displayed bullish momentum, breaking above the key resistance level of 1.3543 and extending its uptrend from 1.3358. This breakout raises questions about the pair’s future direction. Let’s analyze the technicals to understand what this means...

USDJPY Surges Higher: Further Gains or Correction Ahead?

by ForexCycle.com | February 14, 2024 1:13 am
USDJPY has been on a tear, extending its rally from 145.89 to reach a new high of 150.88. But will this bullish momentum continue, or is a correction on the horizon? Let’s delve into the technical analysis...

AUDUSD Breaks Support: Further Downturn or Bounce in Sight?

by ForexCycle.com | February 14, 2024 12:58 am
The AUDUSD pair has made a decisive move, breaking below the key support level of 0.6468 after trading sideways between 0.6468 and 0.6543. This breakdown raises questions about the pair’s future direction. Let’s dive into the technical...

GBPUSD Tests Support: Will It Hold or Break?

by ForexCycle.com | February 14, 2024 12:45 am
GBPUSD has reached a make-or-break point, testing the key support level at 1.2571. The technical analysis reveals two potential scenarios depending on whether this support holds or not. Scenario 1: Support Holds, Uptrend Resumes Scenario 2: Support...

EURUSD Plunges Below Support: Key Levels to Watch

by ForexCycle.com | February 14, 2024 12:34 am
The EURUSD pair has taken a tumble, breaking below the key support level of 1.0723 and extending its decline from 1.1139 to reach a new low of 1.0700. Let’s break down the technical analysis to understand where...