EURUSD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:14 am
EURUSD has seen its downward trajectory persist, with the price reaching as low as 1.0765 after descending from the 1.1065 level. As things stand, the key determinant of its future direction is the descending trend line visible...

EURUSD Daily Analysis – August 25, 2023

by ForexCycle.com | August 25, 2023 10:34 am
EURUSD continues to trade below a declining trend line on the 4-hour chart, firmly entrenched in the downtrend that originated from 1.1065. As long as this trend line serves as a barrier, we can anticipate further downward...

EURUSD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 12:52 am
EURUSD has experienced a significant decline, extending its downward trajectory from 1.1275 to a low of 1.0802. If the resistance at 1.0930 remains unbroken, it suggests that the currency pair is likely to continue its downward movement....

EURUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:37 am
The EURUSD currency pair has broken below the key support level at 1.0844 and continued its downward movement from 1.1275, reaching as low as 1.0832. This indicates a resumption of the downside move in the pair. It...

EURUSD Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 7:15 am
The EURUSD currency pair has recently surpassed the descending trend line displayed on the 4-hour chart, indicating a potential reversal in the downward movement that began from 1.1065 and concluded at 1.0844. Given this development, there is...

EURUSD Daily Analysis – August 21, 2023

by ForexCycle.com | August 21, 2023 1:10 am
EURUSD has experienced a continued decline, starting from 1.1065 and reaching a low of 1.0844. The current trend indicates that the price is expected to continue moving downwards as long as it remains below the falling trend...

EURUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:05 am
After reaching a resistance level of 1.1047, the EURUSD currency pair experienced a significant decline, dropping sharply to 1.0929. Currently, it is approaching a crucial support level at 1.0912. A decisive break below this support level would...

USDJPY Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:25 am
USDJPY has broken above the 143.88 resistance level, indicating the resumption of the uptrend from 1.3723. With this breakout, there is an expectation for further upward movement in the coming days. The next target for the pair...

EURUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:05 am
EURUSD has indeed broken above the resistance of the falling trend line on the 4-hour chart. With this breakout, there is a potential for further upside movement in the pair, with the next target being the 1.1047...

EURUSD Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:23 am
EURUSD has been moving sideways within a trading range between 1.0912 and 1.1047. As long as the price remains below the trend line resistance, the sideways movement could be considered as consolidation within the ongoing downtrend from...