EUR/USD: Breaks Below Channel Support, But Uptrend May Still Resume

by ForexCycle.com | August 29, 2024 7:25 am
EUR/USD has broken below the rising price channel on the 4-hour chart and is now approaching the key support level at 1.1097. What’s Next? Conclusion EUR/USD has dipped below its rising price channel, but the uptrend may...

AUD/USD Maintains Strong Uptrend: Key Levels to Watch

by ForexCycle.com | August 28, 2024 1:55 am
The AUD/USD currency pair has continued its impressive upward momentum, extending its move from 0.6349 to a recent high of 0.6812. This sustained growth reflects positive market sentiment and suggests potential for further gains in the near...

EUR/USD: Consolidation Within Uptrend Hints at Further Gains

by ForexCycle.com | August 28, 2024 1:33 am
For the past two days, EUR/USD has been moving sideways, trading within a range of 1.1149 to 1.1201. What Does This Mean? Conclusion EUR/USD is currently in a consolidation phase within a strong uptrend. While the pair...

GBP/USD: Uptrend Continues with New Targets Ahead

by ForexCycle.com | August 27, 2024 11:03 am
GBP/USD has extended its upward momentum, climbing from 1.2664 to a recent high of 1.3246. What’s Next? Conclusion GBP/USD is maintaining its strong upward trajectory, with potential targets at 1.3350 and 1.3500. However, traders should be cautious...

EUR/USD: Uptrend Strengthens with New Targets in Sight

by ForexCycle.com | August 26, 2024 3:37 am
EUR/USD has broken above the 1.1173 resistance level, extending its upward move from 1.0881 to reach as high as 1.1201. What’s Next? Conclusion EUR/USD is gaining momentum, with potential upside targets at 1.1300 and 1.1450. However, traders...

EUR/USD: Consolidation Phase Begins, but Uptrend Remains Intact

by ForexCycle.com | August 23, 2024 10:24 am
EUR/USD has pulled back from its recent high of 1.1173, breaking below the 1.1100 support level. This suggests that the pair is entering a consolidation phase within its broader uptrend that began at 1.0777. What to Watch...

EUR/USD: Uptrend Continues with Key Levels in Focus

by ForexCycle.com | August 22, 2024 1:11 am
EUR/USD has extended its upward move from 1.0777, reaching as high as 1.1173. What’s Next? Conclusion EUR/USD’s uptrend remains strong, with key levels at 1.1200 and 1.1250 on the upside. Traders should watch for a break below...

USD/CHF: Downtrend Continues with Further Decline Likely

by ForexCycle.com | August 21, 2024 4:41 am
USD/CHF has failed to break above the falling trend line on the 4-hour chart, leading to a sharp drop from 0.8748, extending as low as 0.8520. Current Trend Key Levels to Watch Conclusion USD/CHF continues to trend...

EUR/USD Continues Its Climb: Key Levels to Watch

by ForexCycle.com | August 21, 2024 2:36 am
EUR/USD has extended its upward movement from 1.0777, reaching a high of 1.1132 and breaking through the key resistance at 1.1100. What’s Next? Conclusion EUR/USD is maintaining its strong uptrend, with potential for further gains after a...