USDCAD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:57 am
USDCAD has continued its sideways movement within a trading range between 1.3092 and 1.3242. As long as the 1.3242 resistance level holds, this sideways movement could be seen as a consolidation for the downtrend from 1.3386. If...

USDJPY Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:53 am
USDJPY is currently testing the support of a rising price channel on the 4-hour chart. As long as this channel support holds, the pullback from 141.94 could be seen as a consolidation for the uptrend from 137.23,...

AUDUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:46 am
AUDUSD is currently facing resistance from a falling trend line on the 4-hour chart. As long as this trend line resistance holds, the bounce from 0.6714 could be seen as a consolidation for the downtrend from 0.6894,...

GBPUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:35 am
GBPUSD has recently broken above the 1.2883 resistance level, suggesting that the downside move from 1.3141 has completed at 1.2797. This could lead to a further rally, with the next target being 1.2963. If the price rises...

EURUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:25 am
EURUSD has been staying within a falling trend line on the 4-hour chart, indicating that the downtrend from 1.1275 is still in place. The downside move has extended to as low as 1.1020. As long as the...

USDCAD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:28 am
USDCAD has recently been moving sideways in a trading range between 1.3092 and 1.3242. As long as the 1.3242 resistance level holds, this sideways movement could be seen as a consolidation for the downtrend from 1.3386. If...

USDJPY Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:17 am
USDJPY has been staying within a rising price channel on the 4-hour chart, suggesting that the pair remains in an upside move from 137.23. As long as the price stays within the channel, the upside move could...

AUDUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:08 am
AUDUSD has been staying below a falling trend line on the 4-hour chart, indicating that the downtrend from 0.6894 is still in place. As long as the trend line resistance holds, the downside move could be expected...

GBPUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 7:57 am
GBPUSD has recently extended its downward trend, falling from 1.3141 to as low as 1.2797. Despite this significant drop, there is immediate resistance at 1.2883. As long as this level holds, the downside move could be expected...

EURUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 7:46 am
EURUSD has recently extended its downward trend, falling from 1.1275 to 1.1059. Despite this significant drop, further decline is still possible, with the next target being the 1.1000 area. If the price falls below this level, it...