AUDUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:24 am
Once the AUDUSD currency pair reached the resistance level of the descending price channel on the 4-hour chart, it experienced a sharp decline, falling to 0.6456. The drop below the support level of 0.6496 suggests that the...

GBPUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:14 am
Following its interaction with the descending trend line on the 4-hour chart, the GBPUSD currency pair experienced a sharp decline, dropping to 1.2665. There is a possibility of a further decline, testing the support level at 1.2590....

EURUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:05 am
After reaching a resistance level of 1.1047, the EURUSD currency pair experienced a significant decline, dropping sharply to 1.0929. Currently, it is approaching a crucial support level at 1.0912. A decisive break below this support level would...

USDCAD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:30 am
USDCAD is currently in a consolidation phase for the uptrend from 1.3092. There is a possibility of range trading between 1.3375 and 1.3501 in the coming days as the consolidation continues. As long as the support level...

USDJPY Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:25 am
USDJPY has broken above the 143.88 resistance level, indicating the resumption of the uptrend from 1.3723. With this breakout, there is an expectation for further upward movement in the coming days. The next target for the pair...

AUDUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:18 am
AUDUSD has been moving sideways within a trading range between 0.6496 and 0.6609. As long as the price remains within the falling price channel on the 4-hour chart, there is an expectation for the downside move to...

GBPUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:10 am
GBPUSD has continued its sideways movement within a trading range between 1.2619 and 1.2791. As long as the price remains below the falling trend line on the 4-hour chart, the sideways movement can be considered as consolidation...

EURUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:05 am
EURUSD has indeed broken above the resistance of the falling trend line on the 4-hour chart. With this breakout, there is a potential for further upside movement in the pair, with the next target being the 1.1047...

USDCAD Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 2:10 am
USDCAD has extended its upside move from 1.3092 to reach as high as 1.3501 before experiencing a pullback. The subsequent pullback suggests that a consolidation phase for the uptrend may be underway. This could result in range...

USDJPY Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:58 am
USDJPY is currently approaching the resistance level at 143.88. A breakout above this level could potentially lead the price towards the 145.00 area, indicating further upside potential. On the downside, a key support level to watch is...