GBPUSD on the Rise: Potential Targets Unveiled

by ForexCycle.com | January 23, 2024 12:02 am
In recent movements, GBPUSD has managed to extend its climb from 1.2596 to an impressive high of 1.2732. The rise doesn’t seem to be stopping here, as further ascension is a possibility in the upcoming days. Subsequently,...

EURUSD Faces Resistance: A Range Bound Scene

by ForexCycle.com | January 22, 2024 11:50 pm
The EURUSD pair tested but couldn’t break the 1.0910 resistance, leading it to remain within the trading range of 1.0844 and 1.0910. As long as the pair struggles to break past the 1.0910 resistance, the price action...

USDCAD Breaks Trend Line: A Look at What’s Ahead

by ForexCycle.com | January 22, 2024 6:46 am
In a recent development, the USDCAD pair has broken below the rising trend line on its 4-hour chart. This move insinuates that the uptick from 1.3176, which capped at 1.3541, is now wrapped up. Where are we...

USDJPY Maintains Uptrend: Key Levels Analyzed

by ForexCycle.com | January 22, 2024 5:55 am
Looking at the USDJPY pair, it seems to be holding its ground above a rising trend line on its 4-hour chart, a promising sign that the pair is persisting along the bullish trend that started at 140.25....

EURUSD Testing Key Resistance: Targets in Sight

by ForexCycle.com | January 22, 2024 4:44 am
EURUSD is currently pushing against the resistance at 1.0910. If this barrier is broken, we could gear up for another uptrend towards the resistance set at 1.0998. Should the pair breach this resistance, the focus then shifts...

GBPJPY Surges Higher: What’s Ahead?

by ForexCycle.com | January 19, 2024 11:17 am
GBPJPY has made a notable surge, scaling up from 178.72 right up to 188.90, and breaking past the previously set resistance at 188.64. However, we’ve started to see a pullback from this spire at 188.90, indicating that...

EURGBP Extends Downward Swing: Key Levels to Watch

by ForexCycle.com | January 19, 2024 10:56 am
Our focus in today’s Forex update is EURGBP, which has stretched its downside trend from 0.8714 to as far as 0.8554. In the current scenery, immediate resistance lies at 0.8590. As long as this mark serves as...

EURCAD Breaks Below Rising Channel: Key Levels to Monitor

by ForexCycle.com | January 19, 2024 10:41 am
In the Forex spotlight today we have EURCAD, which has managed to break below the bottom of the rising price channel as seen on its 4-hour chart. This suggests that we could potentially be in for a...

EURUSD Moving in Narrow Range: Key Levels and Possible Scenarios

by ForexCycle.com | January 19, 2024 10:17 am
In today’s Forex scenario, EURUSD seems to be making modest moves, lying low in a narrow range between 1.0844 and 1.0910. Provided the 1.0910 resistance holds firm, we might treat the ongoing sideways movement as a consolidation...