AUDUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:06 am
AUDUSD has extended its downward movement from 0.6894, reaching as low as 0.6526. The analysis suggests that further decline is possible after a minor consolidation, with the next potential target area being around 0.6450. Immediate resistance can...

GBPUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:56 am
GBPUSD has continued its downward movement from 1.3141, reaching as low as 1.2679. As long as the pair remains below the descending trend line on the 4-hour chart, there is a likelihood for the downside move to...

EURUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:47 am
EURUSD has broken below the support level at 1.0943 and has continued its downward movement from 1.1275, reaching as low as 1.0917. As long as the price remains below the descending trend line on the 4-hour chart,...

USDCAD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 2:00 am
USDCAD is currently exhibiting a sideways movement within a rising price channel on the 4-hour chart. Despite being in a sideways trend, there is still potential for further upward movement, with the next target area being around...

USDJPY Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:44 am
USDJPY has continued its upward momentum, expanding from the 138.05 level to a high of 143.54. Based on this trend, it is plausible to anticipate further upside movement in the upcoming days, with the next potential target...

AUDUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:37 am
AUDUSD has breached the support level at 0.6622 and is currently approaching the next support level at 0.6594. If the price breaks below this level, it could potentially trigger further downside movement towards 0.6550, followed by 0.6450....

GBPUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:28 am
GBPUSD has broken below the support level at 1.2762, indicating the resumption of the downtrend from 1.3141. With this breakout, it is likely that further decline may be observed in the upcoming days. The next potential targets...

EURUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:17 am
EURUSD has been trading within a range between 1.0943 and 1.1047, displaying a sideways movement. As long as the price remains below the descending trend line on the 4-hour chart, it is likely that the sideways movement...

USDJPY Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 7:11 am
USDJPY has successfully broken above the resistance level at 141.94, indicating the resumption of the uptrend from 137.23. With this breakout, it becomes plausible to anticipate further upward movement in the upcoming days. The next potential target...

AUDUSD Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 7:02 am
AUDUSD is currently below the descending trend line on the 4-hour chart, indicating its continued downtrend from 0.6894. The recent price action from 0.6622 is likely a period of consolidation within this downtrend. As long as the...