EURUSD Analysis – May 8, 2023

by ForexCycle.com | May 8, 2023 2:24 am
EURUSD has been trading in a sideways range between 1.0909 and 1.1095, indicating a period of consolidation for the uptrend from the March low of 1.0515. The current trading range suggests that the market is undecided on...

USDCAD Analysis – May 5, 2023

by ForexCycle.com | May 5, 2023 11:25 am
The USDCAD pair extended its downside movement on Wednesday, as it broke below a key support level at 1.3527. The pair had been trading in a narrow range over the past few sessions, but the break below...

USDJPY Analysis – May 5, 2023

by ForexCycle.com | May 5, 2023 11:15 am
The USD/JPY currency pair has broken below the rising trend line on the 4-hour chart, indicating that the uptrend from the low of 129.63 has ended at the high of 137.77. This could signal a further decline...

AUDUSD Analysis – May 5, 2023

by ForexCycle.com | May 5, 2023 11:02 am
The AUD/USD currency pair has been showing signs of bullishness lately, as it recently broke above the resistance level at 0.6716, signaling a resumption of the uptrend from 0.6573. The pair is now trading at its highest...

GBPUSD Analysis – May 5, 2023

by ForexCycle.com | May 5, 2023 10:41 am
The GBP/USD pair has been in an uptrend since hitting a low of 1.1802 in March. Recently, the pair has broken above a key resistance level at 1.2583, indicating that the uptrend has resumed. With the resistance...

EURUSD Analysis – May 5, 2023

by ForexCycle.com | May 5, 2023 10:25 am
The EURUSD pair attempted to break above the key resistance level at 1.1095 but failed to do so and has since remained in a sideways movement within a trading range of 1.0909 to 1.1095. It is expected...

USDCAD Analysis – May 4, 2023

by ForexCycle.com | May 4, 2023 2:56 am
Recently, the USDCAD pair has been consolidating in a range between 1.3527 and 1.3667. The resistance level at 1.3667 is key for the next move in the pair. A break above this level could signal the resumption...

USDJPY Analysis – May 4, 2023

by ForexCycle.com | May 4, 2023 2:41 am
USDJPY has recently broken below the support level at 135.70, indicating a potential bearish bias for the near term. The next level of support can be found at the rising trend line on the 4-hour chart, which...

AUDUSD Analysis – May 4, 2023

by ForexCycle.com | May 4, 2023 2:26 am
The AUDUSD pair has been in a short-term uptrend from the low of 0.6573. However, recent price action shows that the pair has broken below the rising trend line on the 4-hour chart. This indicates that the...

GBPUSD Analysis – May 4, 2023

by ForexCycle.com | May 4, 2023 1:41 am
GBPUSD has been in a range between 1.2343 and 1.2583, with price testing the upper boundary of this range at 1.2583. A breakout above this resistance level could indicate the continuation of the uptrend and potentially lead...