EUR/USD Analysis: Breaking Resistance and Key Levels Ahead

by ForexCycle.com | August 20, 2024 3:15 am
The EUR/USD pair has recently broken above the resistance level of 1.1047, extending its upward movement from 1.0777 to a high of 1.1087. This bullish trend indicates a strong momentum in the market. Current Market Dynamics The pair is currently moving...

GBP/USD Analysis: Continuing Upside Momentum

by ForexCycle.com | August 19, 2024 2:05 am
The GBP/USD pair has recently extended its upward movement from 1.2664 to a high of 1.2952, successfully breaking above the 1.2942 resistance level. This bullish trend indicates strong momentum in the market. Current Market Dynamics As long as the price remains above...

AUD/USD Analysis: Uptrend and Key Levels to Watch

by ForexCycle.com | August 15, 2024 3:11 am
The AUD/USD pair is currently moving within a rising price channel on the 4-hour chart, indicating that the uptrend from 0.6349 remains intact. The recent pullback from 0.6642 appears to be a consolidation phase for this upward movement. Current Market Dynamics...

EUR/USD Analysis: Key Resistance and Potential Movements

by ForexCycle.com | August 15, 2024 2:37 am
The EUR/USD pair has recently broken above the resistance level of 1.1008, extending its upward movement from 1.0777 to a high of 1.1047. Following this rise, a pullback from 1.1047 suggests that the market is now consolidating, setting the stage for...

USD/JPY Analysis: Sideways Movement and Key Levels to Watch

by ForexCycle.com | August 15, 2024 1:17 am
The USD/JPY pair has been trading sideways within a range of 145.42 and 148.22 for several days. This consolidation phase presents important trading opportunities as we look ahead. Current Market Dynamics As long as the support level at 145.42 holds, this sideways movement...

USD/CAD Analysis: Sharp Decline and Key Levels to Watch

by ForexCycle.com | August 14, 2024 4:08 am
The USD/CAD pair has experienced a significant decline, dropping sharply from 1.3946 to as low as 1.3703. This movement raises important questions about the pair’s future direction and potential trading opportunities. Current Market Dynamics As long as...

GBP/USD Analysis: Bullish Momentum Continues

by ForexCycle.com | August 14, 2024 2:11 am
The GBP/USD pair has recently broken above the resistance level at 1.2839, extending its upward movement from 1.2664 to a high of 1.2872. This bullish trend suggests that further gains could be on the horizon. Key Levels...

EUR/USD Analysis: Breaking Through Resistance at 1.0945

by ForexCycle.com | August 14, 2024 12:31 am
The EUR/USD pair has recently broken above the resistance level at 1.0945 and is now approaching the next key resistance at 1.1008. This upward movement signals a potential continuation of the bullish trend that began from the...

USD/JPY Update: Market Movements and Key Levels to Watch

by ForexCycle.com | August 13, 2024 5:14 am
On Monday, August 12th, the USD/JPY pair briefly surged above the 148 level before experiencing a pullback. Recent data from the Commodity Futures Trading Commission and the London Stock Exchange Group revealed that leveraged funds have reduced...