EURUSD Analysis – September 21, 2023

by ForexCycle.com | September 21, 2023 12:48 am
The EUR/USD currency pair made an unsuccessful attempt to break above the 1.0768 resistance level and is now facing the 1.0631 support level. This suggests that the pair continues to be in a downtrend from the 1.1275...

GBPUSD Analysis – September 20, 2023

by ForexCycle.com | September 20, 2023 10:06 am
The GBP/USD currency pair has continued its downward trajectory, extending the move from 1.2745 to reach as low as 1.2332. With the price still below the falling trend line on the 4-hour chart, a bearish outlook is...

USDJPY Analysis – September 20, 2023

by ForexCycle.com | September 20, 2023 9:56 am
The USD/JPY currency pair has continued its upward momentum, extending the move from 137.23 to reach as high as 148.16. The pair has successfully surpassed the resistance level at 147.87, indicating a bullish sentiment in the market....

USDCAD Analysis – September 20, 2023

by ForexCycle.com | September 20, 2023 1:40 am
The USD/CAD currency pair has continued its downward movement from the 1.3694 level and reached as low as 1.3379. With the price still below the falling trend line on the 4-hour chart, the recent bounce from 1.3379...

USDCAD Analysis – September 19, 2023

by ForexCycle.com | September 19, 2023 9:11 am
In recent price action, the USD/CAD pair has broken below the 1.3488 support level, indicating that the previous upside move from 1.3092 to 1.3694 has likely concluded. With the price currently below the falling trend line on...

EURUSD Analysis – September 19, 2023

by ForexCycle.com | September 19, 2023 8:52 am
The EUR/USD currency pair has rebounded from the bottom of the falling price channel on the 4-hour chart, suggesting a potential rally in the coming days. The next target for the pair could be at the 1.0768...

USDCAD Analysis – September 18, 2023

by ForexCycle.com | September 18, 2023 8:51 am
The USD/CAD currency pair has recently broken below the support of the rising trend line on the 4-hour chart and is currently approaching the 1.3488 support level. If the price breaks below this support level, it would...

GBPUSD Analysis – September 18, 2023

by ForexCycle.com | September 18, 2023 8:24 am
The GBP/USD currency pair has further extended its downward movement, declining from 1.2745 to a low of 1.2369. Currently, as long as the price remains below the falling trend line on the 4-hour chart, the downside move...

USDJPY Analysis – September 15, 2023

by ForexCycle.com | September 15, 2023 10:32 am
The USD/JPY currency pair is currently encountering resistance at the level of 147.87. If the price successfully breaks above this level, it would suggest a continuation of the upward move that began from 137.23, with the next...

GBPUSD Analysis – September 15, 2023

by ForexCycle.com | September 15, 2023 10:23 am
The GBP/USD currency pair has experienced a downward movement, declining from 1.2745 to a low of 1.2395. Currently, if the resistance level at 1.2547 remains intact, it is likely that the downward movement will persist, with the...