EURUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 6:50 am
The EURUSD currency pair has continued its sideways movement, trading within a range between the key levels of 1.0635 and 1.0778. The pair’s price action suggests a period of consolidation for the ongoing downtrend. While the price...

USDCAD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:43 am
The USDCAD currency pair has experienced a continued downside movement, extending from its recent high at 1.3654 to reach as low as 1.3387. The pair remains under selling pressure, indicating a bearish bias in the market. Given...

USDJPY Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:39 am
The USDJPY currency pair has been trading within a relatively narrow range, bounded by the support level at 138.42 and the resistance level at 140.91. This sideways movement suggests a period of consolidation for the pair after...

AUDUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:33 am
The AUDUSD currency pair is currently approaching a critical resistance level at 0.6709. A decisive breakout above this level could potentially trigger a further upside move, with the next target being the resistance at 0.6817. In the...

GBPUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:30 am
The GBPUSD currency pair remains entrenched in a downtrend that started from the peak at 1.2679. The recent pullback from the 1.2544 level suggests a resumption of the downward movement, as sellers exert their control over the...

EURUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:24 am
The EURUSD currency pair has been trading in a sideways movement, forming a trading range between the levels of 1.0635 and 1.0778. This consolidation phase comes after a previous downtrend in the market. Traders are closely monitoring...

USDCAD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:52 am
The USDCAD currency pair has experienced a breakdown below the key support level at 1.3406, signaling a continuation of its recent downtrend from 1.3654. The pair has subsequently declined to as low as 1.3392, with further downside...

USDJPY Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:48 am
The USDJPY currency pair has been trading within a defined range, moving sideways between the support level at 138.42 and the resistance level at 140.91. Traders are closely monitoring price action within this range, as it could...

AUDUSD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:42 am
The AUDUSD currency pair has been on a steady upward trajectory, extending its upside movement from the 0.6457 level to reach as high as 0.6683. Traders are now eyeing the potential for further gains as the pair...

GBPUSD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:37 am
The GBPUSD currency pair has been locked in a persistent downtrend from its peak at 1.2679. Despite a recent bounce from the 1.2307 level, it is likely a temporary consolidation within the broader downward movement. As the...