EURUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:22 pm
EURUSD continues to exhibit weakness as it remains below a prominent falling trend line on the 4-hour chart, signaling that the pair is still entrenched in a downtrend from its high of 1.1011. This suggests that sellers...

USDCAD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 2:04 pm
USDCAD continues to showcase strength as it remains in an uptrend from its low of 1.3116. Further upward movement is anticipated in the coming days, with the next target set at the 1.3387 resistance level. The upward...

USDJPY Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:57 pm
USDJPY, which had been displaying a notable uptrend from its low of 138.42, has encountered a significant development as it broke below the rising price channel on the 4-hour chart. This suggests that the pair may require...

AUDUSD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:48 pm
AUDUSD has been displaying a notable upside move, extending from its recent low of 0.6594 to a high of 0.6705. The pair is now facing a key resistance level at 0.6720, which could determine the next phase...

GBPUSD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:35 pm
GBPUSD is currently approaching a key resistance level at 1.2758, and a decisive break above this level could potentially trigger a further upside move towards the next resistance at 1.2847. Traders closely monitoring the price action will...

EURUSD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:23 pm
EURUSD has encountered significant resistance as it failed to break above a falling trend line on the 4-hour chart. This failure to breach the trend line indicates that the pair remains in a downtrend from the level...

USDCAD Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 4:01 am
USDCAD has exhibited a noteworthy development as it successfully broke above a previously dominant falling trend line on the 4-hour chart. This breakout suggests a potential shift in market dynamics, indicating that the pair is now in...

USDJPY Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 3:53 am
USDJPY has demonstrated resilience as it remains within a rising price channel on the 4-hour chart, affirming its ongoing uptrend from the low of 138.42. Traders who have been following the price action will likely continue to...

AUDUSD Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 3:44 am
AUDUSD has experienced a significant development as it broke above the falling trend line on the 4-hour chart. This breakout suggests a potential further rise in the currency pair, with the next target being the 0.6720 resistance...

GBPUSD Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 3:35 am
GBPUSD has made a notable move as it successfully broke above the key resistance level at 1.2690. This breakout suggests potential further upside momentum for the currency pair, with the next target being the 1.2758 resistance level....