EUR/USD at Key Support: Will the Downtrend Continue?

by ForexCycle.com | September 10, 2024 12:19 am
EUR/USD is currently testing the key support level at 1.1026, a critical point for the pair’s next move. Potential Scenarios Conclusion EUR/USD is at a pivotal moment, with support at 1.1026 in focus. A break below this...

EUR/USD Pulls Back After Upside Move: What’s Next?

by ForexCycle.com | September 9, 2024 2:09 am
EUR/USD extended its rally from 1.1026 to a recent high of 1.1154. However, the subsequent pullback from 1.1154 suggests that the upward move may have completed. What’s Next? Conclusion EUR/USD has pulled back after its recent upside...

GBP/USD Breaks Key Trend Line: Upside Momentum Builds

by ForexCycle.com | September 5, 2024 2:48 am
GBP/USD has broken above the falling trend line on the 4-hour chart, signaling that the downtrend from 1.3265 has likely ended at 1.3087. What’s Next? Conclusion GBP/USD has shifted into a bullish phase after breaking above the...

USD/JPY: Downtrend Extends with Key Support Levels in Focus

by ForexCycle.com | September 5, 2024 2:26 am
USD/JPY has continued its downside move, falling from 147.20 to as low as 143.18, breaking below the key support at 143.44. What to Watch Next: Conclusion: USD/JPY remains in a downtrend with potential for further declines toward...

EUR/USD Tests Key Resistance: What’s Next?

by ForexCycle.com | September 5, 2024 1:32 am
EUR/USD is currently testing the key resistance level at 1.1100, a pivotal point for its next move. Potential Scenarios: Conclusion: EUR/USD is at a critical juncture. A break below 1.1065 could lead to further declines, while a...

GBP/USD Breaks Key Support: What’s Next?

by ForexCycle.com | September 3, 2024 1:52 am
GBP/USD has broken below the rising price channel on the 4-hour chart, indicating that the uptrend from 1.2664 has likely ended at 1.3265. Current Outlook Conclusion GBP/USD is currently in a downward trend after breaking key support...

USD/JPY Approaches Key Resistance: What’s Next?

by ForexCycle.com | September 3, 2024 1:24 am
USD/JPY is currently testing the 147.34 resistance level, a critical point that could determine the pair’s next move. Potential Scenarios Conclusion USD/JPY is at a pivotal point, with the 147.34 resistance level in focus. A breakout could...

EUR/USD: Downtrend Extends with Key Resistance in Focus

by ForexCycle.com | September 2, 2024 4:51 am
EUR/USD has continued its downward move, dropping from 1.1201 to a low of 1.1041. Key Levels to Watch Conclusion EUR/USD is in a downtrend, with the key resistance at 1.1100 determining the next move. A break below...

USD/JPY: Uptrend Resumes After Breaking Key Resistance

by ForexCycle.com | September 2, 2024 2:15 am
USD/JPY has broken above the falling trend line on the 4-hour chart, signaling that the downtrend from 149.36 has likely ended at 143.44. What to Expect Next? Conclusion USD/JPY has shifted back into an uptrend after breaking...

EUR/USD: Continued Downside with Key Support Levels in Focus

by ForexCycle.com | August 30, 2024 10:06 am
EUR/USD has extended its decline from 1.1201, dropping to a low of 1.1055. What’s Next? Conclusion EUR/USD remains under pressure with further downside possible if it breaks below key support at 1.1055. Traders should watch for potential...