EURUSD Breaks Out: Bulls Take Control

by ForexCycle.com | September 25, 2024 8:52 am
The EURUSD pair has finally made its move, breaking above the key 1.1188 resistance level after a period of consolidation. This breakout signals a resumption of the upward trend that began at 1.1001, suggesting that the bulls...

EURUSD Stuck in Range: What’s Next for the Pair?

by ForexCycle.com | September 24, 2024 5:18 am
The EURUSD pair has hit a roadblock, failing to break above the 1.1188 resistance level. As a result, it’s now confined to a trading range between 1.1068 and 1.1188, leaving traders wondering about its next move. Despite...

EURUSD at a Crossroads: Key Levels to Watch

by ForexCycle.com | September 23, 2024 1:25 am
The EURUSD pair has reached a critical juncture, currently testing the 1.1188 resistance level. This price point could prove pivotal for the pair’s near-term direction. A successful breakout above 1.1188 would signal a resumption of the upward...

USDJPY Breaks Out: Is a New Uptrend Forming?

by ForexCycle.com | September 19, 2024 3:51 am
The USDJPY pair has made a significant technical move, breaking above the falling price channel on the 4-hour chart. This breakout suggests that the downward movement from 147.20 may have found its bottom at 139.57, potentially setting...

EURUSD Faces Resistance: What’s Next for the Pair?

by ForexCycle.com | September 19, 2024 3:16 am
The EURUSD pair has encountered a roadblock, failing to breach the 1.1201 resistance level and subsequently retreating from 1.1188 to 1.1068. This recent pullback is likely a correction within the broader uptrend that began at 1.1001. Despite...

EURUSD Shows Signs of Uptrend After Breaking Resistance

by ForexCycle.com | September 18, 2024 1:01 am
The EURUSD pair has made a significant move, bouncing from 1.1001 to reach 1.1146. This surge has broken through the resistance of the falling price channel on the 4-hour chart, suggesting that the previous downward movement from...

USD/JPY Update: Continued Downtrend Within Falling Channel

by ForexCycle.com | September 17, 2024 1:39 am
The USD/JPY pair has seen its downside move extend from 147.20 down to 139.57. Currently, the pair remains within a falling price channel on the 4-hour chart, indicating that the downtrend could persist as long as channel...

EUR/USD Update: Breakout Above Resistance but in Longer-Term Downtrend

by ForexCycle.com | September 16, 2024 1:56 am
The EUR/USD pair has successfully broken above the 1.1050 resistance, indicating that the downside move from 1.1154 may have completed at 1.1001. Despite this positive movement, the pair remains within a falling price channel on the 4-hour...

USD/CHF Bounce Faces Key Resistance: What’s Next?

by ForexCycle.com | September 12, 2024 12:56 am
USD/CHF has extended its bounce from 0.8374 to a high of 0.8532, but it is now facing resistance from the falling trend line on the 4-hour chart. Downside Scenario: Upside Potential: Conclusion USD/CHF’s bounce is facing key...

EUR/USD Breaks Key Support: Further Decline Expected

by ForexCycle.com | September 11, 2024 12:45 am
EUR/USD has broken below the crucial 1.1026 support level, signaling a potential continuation of its downward trend. What to Expect Next: Conclusion With EUR/USD breaking below key support at 1.1026, the downtrend is expected to continue unless...