GBPUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:35 am
GBPUSD has recently broken above the 1.2883 resistance level, suggesting that the downside move from 1.3141 has completed at 1.2797. This could lead to a further rally, with the next target being 1.2963. If the price rises...

EURUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:25 am
EURUSD has been staying within a falling trend line on the 4-hour chart, indicating that the downtrend from 1.1275 is still in place. The downside move has extended to as low as 1.1020. As long as the...

USDCAD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:28 am
USDCAD has recently been moving sideways in 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 25, 2023

by ForexCycle.com | July 25, 2023 8:17 am
USDJPY has been staying within a rising price channel on the 4-hour chart, suggesting that the pair remains in an upside move from 137.23. As long as the price stays within the channel, the upside move could...

AUDUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:08 am
AUDUSD has been staying below a falling trend line on the 4-hour chart, indicating that the downtrend from 0.6894 is still in place. As long as the trend line resistance holds, the downside move could be expected...

GBPUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 7:57 am
GBPUSD has recently extended its downward trend, falling from 1.3141 to as low as 1.2797. Despite this significant drop, there is immediate resistance at 1.2883. As long as this level holds, the downside move could be expected...

EURUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 7:46 am
EURUSD has recently extended its downward trend, falling from 1.1275 to 1.1059. Despite this significant drop, further decline is still possible, with the next target being the 1.1000 area. If the price falls below this level, it...

USDCAD Daily Analysis – July 24, 2023

by ForexCycle.com | July 24, 2023 1:23 am
USDCAD is currently confronting a significant resistance level at 1.3242, and traders are keenly observing the potential for a breakout. Should the currency pair decisively breach this level, it could signal further upside momentum towards the next...

USDJPY Daily Analysis – July 24, 2023

by ForexCycle.com | July 24, 2023 1:15 am
USDJPY has showcased its resilience by staying above a rising trend line on the 4-hour chart, reaffirming its position in the uptrend from 137.23. Market analysts and traders are closely monitoring this upward movement, with expectations of...

AUDUSD Daily Analysis – July 24, 2023

by ForexCycle.com | July 24, 2023 1:04 am
AUDUSD has sustained its downward move, extending from 0.6894 to reach as low as 0.6721. Market analysts and traders are closely monitoring this bearish movement, with expectations of further declines in the AUDUSD pair. The next significant...