EURUSD Analysis – September 15, 2023

by ForexCycle.com | September 15, 2023 10:12 am
EUR/USD has once again reached the bottom of the falling price channel on the 4-hour chart. This suggests that another bounce could be expected in the coming days, potentially leading to a move towards the next target...

USDJPY Analysis – September 13, 2023

by ForexCycle.com | September 13, 2023 6:00 am
USD/JPY experienced a failed attempt to break below the bottom of the rising price channel on the 4-hour chart and rebounded from 145.89. This suggests that the currency pair remains in an uptrend that commenced from 137.23....

EURUSD Analysis – September 13, 2023

by ForexCycle.com | September 13, 2023 5:46 am
EUR/USD is currently contained within a falling price channel on the 4-hour chart, indicating a downtrend that originated from 1.1275. As long as the channel resistance continues to hold, the recent bounce from 1.0685 could be viewed...

USDCAD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 5:19 am
USD/CAD is currently approaching the support of a rising trend line on its 4-hour chart. If this trend line support holds, the recent pullback from 1.3694 could be considered a consolidation phase within the larger uptrend that...

USDJPY Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 4:23 am
USD/JPY is currently approaching the support of a rising price channel on the 4-hour chart. If this channel support holds, the recent pullback from 147.87 could be considered a consolidation phase within the larger uptrend that started...

AUDUSD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 3:57 am
AUD/USD recently experienced a breakdown below the 0.6363 support level. However, the currency pair rebounded from 0.6356 and reached as high as 0.6449. Based on this rebound, it is likely that a further rally could occur in...

GBPUSD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 3:46 am
GBP/USD has broken above the falling trend line on its 4-hour chart, indicating a potential completion of the short-term downtrend that started from 1.2745. The price reached a low of 1.2444 before the breakout occurred. Based on...

EURUSD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 3:26 am
EUR/USD has experienced a rebound from its support level within the falling price channel on the 4-hour chart, starting from 1.0685 and breaking above the resistance level at 1.0760. This upward movement suggests that a further rally...

EURUSD Analysis – September 11, 2023

by ForexCycle.com | September 11, 2023 2:51 am
EUR/USD has reached the bottom of the falling price channel on the 4-hour chart, indicating a potential opportunity for a rebound in the coming days. If the price manages to break above the resistance level at 1.0760,...

GBPUSD Daily Analysis – September 7, 2023

by ForexCycle.com | September 7, 2023 9:03 am
GBP/USD has been experiencing a continued downward movement, reaching as low as 1.2456. As long as the price remains below the falling trend line on the 4-hour chart, it is likely that the downside momentum will continue....