EURUSD Tests Resistance: Uptrend Signal or Correction Within Downtrend?

by ForexCycle.com | May 3, 2024 10:26 am
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Encounters Resistance: Upside Potential on...

USDJPY Breaks Down: Uptrend Over or Correction Incoming?

by ForexCycle.com | May 2, 2024 10:27 am
USDJPY’s price action has shifted, raising questions about the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. USDJPY Breaks Key Levels: Potential Scenarios: Overall Sentiment: The technical outlook for...

USDCHF Charges Higher: Uptrend Confirmed or Further Gains Ahead?

by ForexCycle.com | May 1, 2024 2:30 am
USDCHF has displayed continued strength, with the price reaching new highs. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDCHF Maintains Uptrend: Upside Targets in Focus: Support Levels to Consider: Overall...

EURUSD Breaks Channel Support: Uptrend Over or Short-Term Correction?

by ForexCycle.com | May 1, 2024 1:26 am
EURUSD’s price action has shifted, raising questions about the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Falls Below Channel: Downtrend Resumption or Pullback? Support Levels in Focus:...

USDCAD Stalls at Resistance: Downtrend to Resume or Uptrend Signal?

by ForexCycle.com | April 30, 2024 4:37 am
USDCAD faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. USDCAD Encounters Resistance: Downtrend Consolidation or Reversal? Uptrend...

AUDUSD Climbs: Uptrend in Play or Correction Unfolding?

by ForexCycle.com | April 30, 2024 4:03 am
AUDUSD has been on the rise, extending its gains from recent lows. This analysis examines the technical situation and explores potential scenarios for the currency pair. AUDUSD Stages Rally: Upside Targets in Focus: Support Levels to Consider:...

GBPUSD Stages Rally: Uptrend or Correction Within Downtrend?

by ForexCycle.com | April 30, 2024 3:33 am
GBPUSD has displayed renewed buying pressure, breaking above a key level. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Stages Rally: Uptrend or Correction? Falling Trend Line in Focus: Downtrend...

EURUSD Climbs Within a Channel: Uptrend or Correction Within Downtrend?

by ForexCycle.com | April 30, 2024 3:10 am
EURUSD has displayed positive momentum, but faces a key resistance level. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Within Rising Channel: Upside Potential Within the Channel: Falling Trend Line...

USDJPY: Uptrend on Hold or Correction Incoming?

by ForexCycle.com | April 29, 2024 10:21 am
USDJPY’s recent price action suggests a shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Breaks Trend Line: Consolidation or Reversal? Scenario 1: Uptrend Resumption: Scenario 2: Deeper...