EURUSD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 4:19 am
The EURUSD currency pair has made a notable breakthrough, breaking above a falling trend line on the 4-hour chart. This development suggests that the downside move from 1.1011 has potentially concluded at 1.0833. Traders will now shift...

USDCAD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 6:04 am
The USDCAD currency pair has continued its upward trajectory, extending the rally from 1.3116 to reach as high as 1.3372. The pair is currently facing a key resistance level at 1.3387, which will be closely watched by...

USDJPY Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 5:54 am
The USDJPY currency pair is currently consolidating within a range as it holds steady in its uptrend from 138.42. The price is expected to trade between the support level at 142.67 and the resistance level at 145.06...

AUDUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:12 am
The AUDUSD currency pair is currently facing a critical support level at 0.6594. A decisive breakdown below this level could potentially lead to further downside momentum, targeting the next support at 0.6550. Traders will closely monitor price...

GBPUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:04 am
GBPUSD has successfully broken above the key resistance level at 1.2758, indicating a potential resumption of the upside move from 1.2307. This breakthrough suggests a shift in market sentiment and a possible continuation of the bullish momentum...

EURUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 3:57 am
EURUSD finds itself once again facing the resistance of a prominent falling trend line on the 4-hour chart. This resistance level has proven significant in the recent price action, serving as a potential barrier for further upside...

USDCAD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 1:02 pm
USDCAD has continued its upward trajectory from 1.3116, reaching as high as 1.3328. The currency pair exhibits signs of further potential upside movement in the near term, with the next target set at the 1.3387 resistance level....

USDJPY Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:56 pm
USDJPY has entered a consolidation phase after its recent uptrend from 138.42. The currency pair is currently range-bound between the support level at 142.67 and the resistance level at 145.06. This period of consolidation suggests a temporary...

AUDUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:43 pm
AUDUSD encountered a significant obstacle as it failed to break above the key resistance level at 0.6720. This lack of upward momentum has resulted in a break below the support level at 0.6640, signaling potential downside pressure...

GBPUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:30 pm
GBPUSD has experienced a notable breakthrough as it surpassed the key resistance level at 1.2758. This bullish move suggests a potential continuation of the upward momentum, with traders anticipating further gains in the near term. As the...