EURUSD Daily Analysis – September 7, 2023

by ForexCycle.com | September 7, 2023 8:44 am
EUR/USD has been experiencing a continued downward movement, starting from 1.1275 and reaching as low as 1.0702. The pair is currently encountering support at the bottom of the price channel on the 4-hour chart. In the coming...

USDCAD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 2:21 am
USD/CAD has experienced a notable upward move, starting from 1.3092 and reaching as high as 1.3669. Based on the current bullish momentum, there is a possibility for USD/CAD to continue rising in the coming days, with the...

USDJPY Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 2:09 am
USD/JPY has experienced significant upward movement, starting from 137.23 and reaching as high as 147.81. This rally included a break above the resistance level at 147.37. Based on this upward momentum, it is possible for USD/JPY to...

AUDUSD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 1:58 am
AUD/USD has recently broken below the support level at 0.6363. This breakdown suggests that further decline is likely in the coming days, with the next target potentially being in the 0.6300 area. The immediate resistance level to...

GBPUSD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 1:46 am
GBP/USD is currently encountering support from the falling price channel on the 4-hour chart. In the coming days, we might observe range trading between the levels of 1.2515 and 1.2640. If the 1.2640 resistance level holds, it...

EURUSD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 1:37 am
EUR/USD has experienced a downside movement from 1.1275, reaching as low as 1.0705. Currently, the pair is facing the support of the price channel on the 4-hour chart. This suggests that we may see minor consolidation in...

USDCAD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:47 am
USDCAD has broken above the 1.3639 resistance level, indicating a potential resumption of the upside move from 1.3092. This breakout suggests that further upward movement is possible in the coming days, with the next target area around...

USDJPY Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:38 am
USD/JPY is currently encountering a resistance level at 147.37. If the price successfully breaks above this resistance level, it could potentially trigger further upside movement towards the 148.00 level. On the downside, the immediate support to watch...

AUDUSD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:31 am
AUD/USD is currently encountering support at the 0.6363 level. If the price breaks below this support level, it could potentially trigger additional downside movement towards the 0.6300 area. On the other hand, the immediate resistance to monitor...

GBPUSD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:23 am
GBP/USD has broken below the 1.2547 support level and extended its downside move from 1.3141 to as low as 1.2527. Since the price is currently within a falling price channel on the 4-hour chart, it is likely...