GBPUSD Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:24 am
After touching the 1.2963 resistance level, GBPUSD dropped sharply to 1.2762, breaking below the 1.2797 support level. This suggests that the pair remains in a downtrend from 1.3141. Further decline is likely to be seen in the...

EURUSD Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:16 am
After touching the 1.1146 resistance level, EURUSD dropped sharply to 1.0943, breaking below the 1.1020 support level. This indicates that the pair remains in a downtrend from 1.1275. Further decline is still possible in the coming days,...

USDCAD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:37 am
USDCAD has failed to break above the 1.3242 resistance level and remains within a trading range between 1.3092 and 1.3242. In the coming days, another fall towards the 1.3092 support level is likely. If the price were...

USDJPY Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:29 am
USDJPY has recently broken below the support of a rising price channel on the 4-hour chart, suggesting that the upside move from 137.23 has already completed at 141.94. The fall from 141.94 has now reached as low...

AUDUSD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:19 am
AUDUSD has recently broken above the falling trend line on the 4-hour chart, suggesting that the downside move from 0.6894 has already completed at 0.6714. This could lead to a further rally in the coming days, with...

GBPUSD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:11 am
GBPUSD has recently extended its upward trend, rising from 1.2797 to as high as 1.2976 and breaking above the 1.2883 resistance level. This could lead to further rise in the coming days, with the next target being...

EURUSD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:00 am
EURUSD has recently broken above the falling trend line on the 4-hour chart, suggesting that the downside move from 1.1275 has already completed at 1.1020. This could lead to a further rally, with the next target being...

USDCAD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:57 am
USDCAD has continued its sideways movement within a trading range between 1.3092 and 1.3242. As long as the 1.3242 resistance level holds, this sideways movement could be seen as a consolidation for the downtrend from 1.3386. If...

USDJPY Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:53 am
USDJPY is currently testing the support of a rising price channel on the 4-hour chart. As long as this channel support holds, the pullback from 141.94 could be seen as a consolidation for the uptrend from 137.23,...

AUDUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:46 am
AUDUSD is currently facing resistance from a falling trend line on the 4-hour chart. As long as this trend line resistance holds, the bounce from 0.6714 could be seen as a consolidation for the downtrend from 0.6894,...