EURUSD Analysis – May 2, 2023

by ForexCycle.com | May 2, 2023 12:08 pm
The EURUSD pair has been under pressure in recent trading sessions, with the pair breaking below the support level of 1.0962. This has triggered a bearish signal, suggesting that the pair could be headed for further declines...

USDCAD Analysis – May 1, 2023

by ForexCycle.com | May 1, 2023 9:47 am
The USDCAD pair has been trading in a uptrend from 1.3300 over the past few weeks. However, on the 4-hour chart, the pair broke below the key support level of 1.3588, indicating that the upside movement from...

USDJPY Analysis – May 1, 2023

by ForexCycle.com | May 1, 2023 9:40 am
USDJPY has broken above the key resistance level at 135.13, indicating that the upside movement from the Mar 24 low of 129.63 has resumed. As long as the price remains above the rising trend line of the...

AUDUSD Analysis – May 1, 2023

by ForexCycle.com | May 1, 2023 9:31 am
The AUDUSD currency pair has been in a downtrend since reaching a high of 0.6771 in late April 2023. However, there are now signs that this downtrend may be coming to an end. The pair recently broke...

GBPUSD Analysis – May 1, 2023

by ForexCycle.com | May 1, 2023 9:16 am
GBPUSD has been showing strong bullish momentum, as it continues to trade above the key support level at 1.2352. The pair broke above the resistance level at 1.2545, indicating a resumption of the uptrend from the March...

EURUSD Analysis – May 1, 2023

by ForexCycle.com | May 1, 2023 9:09 am
EURUSD has been moving sideways in a range between 1.0909 and 1.1095. This range-bound movement suggests that the market is consolidating. As long as the 1.0909 support level holds, the sideways move could be treated as consolidation...

USDCAD Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:55 am
USDCAD extended its downside movement from 1.3715 (Jun 26 high) to as low as 1.3132. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to...

USDJPY Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:54 am
USDJPY is now in the downtrend from 107.05, the bounce from 105.10 is likely corrective consolidation for the downtrend. Further decline would likely be seen in the coming days and next target would be at 105.00 area....

AUDUSD Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:51 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6776 (Jun 15 low). As long as the trend line support holds, the upside movement could be expected to continue...

GBPUSD Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:45 am
GBPUSD broke above 1.3185 resistance and extended its upside movement from 1.2251 (Jun 29 low) to as high as 1.3266. Further rise would likely be seen in the coming days and next target would be at 1.3400...