EURUSD Daily Analysis – June 13, 2023

by ForexCycle.com | June 13, 2023 7:08 am
The EURUSD currency pair has continued its upward movement, extending from 1.0635 to reach a recent high of 1.0797. This bullish momentum suggests that further upside potential remains in the market, with traders eyeing key resistance levels...

USDCAD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:47 am
The USDCAD currency pair has continued its downward movement, extending from 1.3654 to a recent low of 1.3312. The pair is currently facing a critical support level at 1.3300, which will play a crucial role in determining...

USDJPY Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:43 am
The USDJPY currency pair has been engaged in a period of sideways movement, maintaining a trading range between 138.42 and 140.91. This consolidation phase suggests a temporary pause in the market before the next directional move. As...

AUDUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:37 am
The AUDUSD currency pair has exhibited a strong upward movement, extending from 0.6457 to reach as high as 0.6750. This surge in price indicates the potential for further upside momentum in the near term. Notably, the price...

GBPUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:31 am
The GBPUSD currency pair has recently surpassed a significant resistance level at 1.2545, signaling a potential completion of the preceding downward move from 1.2679, which ended at 1.2307. This breakout suggests a shift in market sentiment and...

EURUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:26 am
The EURUSD currency pair has recently broken above a key resistance level at 1.0778, indicating a potential completion of the previous downside move from 1.1095, which ended at 1.0635. This breakout suggests a shift in market sentiment...

USDCAD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 7:10 am
The USDCAD currency pair has experienced a continued downward movement from its recent high at 1.3654, reaching as low as 1.3320 and breaking below the 1.3340 support level. Currently, the pair is facing a critical support level...

USDJPY Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 7:06 am
The USDJPY currency pair has been trading within a defined range between the support level at 138.42 and the resistance level at 140.91. This range-bound price action indicates a period of consolidation for the uptrend that started...

AUDUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 7:01 am
The AUDUSD currency pair recently touched the resistance level at 0.6709 and subsequently pulled back from 0.6717. This price action suggests that a period of consolidation is currently underway, following the uptrend from 0.6457. Traders should closely...

GBPUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 6:55 am
The GBPUSD currency pair has been experiencing a short-term downtrend since its peak at 1.2544. The recent bounce from 1.2367 can be seen as a consolidation phase within this downward movement. Traders should be aware that further...