EURUSD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 1:42 am
The EURUSD pair has displayed resilience in recent trading sessions, breaking above the key resistance level at 1.0920 and signaling a potential shift in market dynamics. The breakout suggests that the pair is now in an uptrend...

USDCAD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:39 am
The USDCAD pair has shown persistent weakness, breaking below the previous low of 1.3138 and extending its downside move from 1.3654 to reach as low as 1.3131. The price action suggests a continuation of the downtrend, with...

USDJPY Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:31 am
The USDJPY currency pair has been exhibiting a resilient uptrend since its low of 138.42. Although the recent pullback from 143.86 may give the impression of a reversal, it is more likely a consolidation phase within the...

AUDUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:24 am
The AUDUSD currency pair is currently encountering a significant obstacle in the form of a resistance level represented by a falling trend line on the 4-hour chart. The pair’s recent rebound from 0.6662 is being viewed as...

GBPUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:13 am
The GBPUSD currency pair has been trading within a short-term downtrend, following its decline from the recent high of 1.2847. As long as the key resistance level at 1.2785 holds, market participants anticipate further downside potential, with...

EURUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:03 am
The EURUSD currency pair has recently broken above the key resistance level at 1.0920, indicating a potential shift in the market dynamics. This breakout suggests that the downside movement from 1.1011 has likely completed at the previous...

USDCAD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:48 am
The USDCAD currency pair has been experiencing a prolonged downtrend from 1.3654, and the recent price action from 1.3138 indicates a period of consolidation for the ongoing downtrend. As long as the price remains below the falling...

USDJPY Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:41 am
The USDJPY currency pair has shown remarkable strength, extending its upward move from 138.42 to as high as 143.86. The bullish momentum suggests that further gains could be expected in the coming days, with the next target...

AUDUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:33 am
The AUDUSD currency pair has continued its downward trajectory, extending its move from 0.6899 to as low as 0.6662. The prevailing bearish momentum suggests that further declines are still possible in the near term. The next target...

GBPUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:22 am
The GBPUSD currency pair has broken below the significant support level at 1.2690, indicating a continuation of the downtrend initiated from 1.2847. This development suggests that further declines are likely in the near term, with potential targets...