EUR/USD Analysis: Key Resistance at 1.0945

by ForexCycle.com | August 13, 2024 2:55 am
The EUR/USD pair is currently encountering a significant resistance level at 1.0945. Understanding how this level plays out could be crucial for traders looking to capitalize on potential price movements. Current Market Outlook Support Levels Summary The...

EUR/USD Analysis: Pullback from 1.1008 Finds Support at 1.0870

by ForexCycle.com | August 12, 2024 1:15 am
The EUR/USD pair has experienced a pullback from the 1.1008 resistance level, extending as low as 1.0881. However, as long as the price remains above the 1.0870 support, this pullback can be treated as a correction within...

AUD/USD Analysis: Struggling to Maintain Gains Amid Market Volatility

by ForexCycle.com | August 8, 2024 8:39 am
On Wednesday, August 7th, the Australian dollar (AUD) slipped by 0.01% against the US dollar (USD), closing at 0.6517. This drop erased an earlier 0.85% gain, leaving the AUD nearly unchanged from the previous day’s close. Recent...

Yen’s Volatility Amid BOJ’s Policy Stance

by ForexCycle.com | August 8, 2024 8:13 am
On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized...

EUR/USD Analysis: Key Support and Resistance Levels to Watch

by ForexCycle.com | August 8, 2024 3:24 am
On Wednesday, the EUR/USD pair experienced some movements, finding support above 1.0905 and encountering resistance below 1.0940. This suggests that after a short-term rise, the EUR/USD might continue its downward trend. Key Levels to Watch Potential Scenarios...

GBP/USD Analysis: Downtrend Continues with Key Levels to Watch

by ForexCycle.com | August 7, 2024 12:45 am
The GBP/USD pair has extended its downward move from 1.3044 to a recent low of 1.2672. Let’s break down the key levels and potential scenarios for traders to watch in the coming days. Current Trend Key Levels...

USD/JPY Technical Analysis: Consolidation and Key Levels to Watch

by ForexCycle.com | August 6, 2024 1:23 am
The USD/JPY pair has seen significant movement recently, extending its decline from 161.95 to a low of 141.68. However, a subsequent bounce to 146.36 suggests that the pair is currently in a consolidation phase. Here’s what to...