AUDUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:05 am
AUDUSD has been moving sideways in a trading range between 0.6170 and 0.7157 for several weeks. This sideways movement is likely a consolidation for the long-term downtrend from 0.8006. As long as the resistance of the falling...

GBPUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:39 am
GBPUSD has been staying above a rising trend line on the weekly chart, indicating that the pair remains in a long-term uptrend from 1.0352. As long as the trend line support holds, the pullback from 1.3141 could...

EURUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:29 am
EURUSD has been staying within a rising price channel on the weekly chart, indicating that the pair remains in a long-term uptrend from 0.9535. As long as the channel support holds, the pullback from 1.1275 could be...

USDCAD Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 3:04 am
USDCAD continues to face downward pressure, staying below the falling trend line on the weekly chart and maintaining its downtrend from 1.3977. Market analysts and traders are closely observing this downward movement, with expectations of further declines...

USDJPY Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 2:47 am
USDJPY has demonstrated strength by remaining within a rising price channel on the weekly chart, affirming its position in the long-term uptrend from 127.21. Market participants are closely monitoring this upward movement, with expectations of continued gains...

AUDUSD Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 2:34 am
AUDUSD has been caught in a sideways consolidation phase, trading within a defined range between 0.6170 and 0.7157. Market analysts and traders are closely observing this price action, treating it as a consolidation phase within the context...

GBPUSD Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 2:24 am
GBPUSD has demonstrated its resilience on the weekly chart, remaining above the rising trend line and sustaining its long-term uptrend from 1.0352. Market analysts and traders are closely monitoring this upward movement, with expectations of further gains...

EURUSD Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 2:13 am
The EURUSD currency pair has displayed remarkable strength, extending its upside move to reach as high as 1.1275. This impressive performance suggests that the pair remains in a long-term uptrend, which originated from the 0.9535 level. Traders...

USDCAD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:12 am
The USDCAD pair has experienced an extended downtrend, reaching as low as 1.3092 from the high of 1.3977. This decline indicates the continuation of the long-term bearish movement. Traders should be aware of the potential for further...

USDJPY Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:05 am
The USDJPY pair has experienced a significant development as it broke below the key support level at 137.90. This break suggests that the upside move from 127.21 has reached its completion at the high of 145.06. Currently,...