USDCAD: Stuck in a Range, Eyes on 1.3977 and 1.3092

by ForexCycle.com | January 14, 2024 2:49 am
USDCAD has been trapped in a lateral dance between 1.3092 and 1.3977 for months, frustrating traders with its indecisiveness. The pair recently flirted with a downside break but held ground at 1.3092, suggesting that another push towards...

EURUSD: Stuck in Neutral, Awaiting Breakout or Breakdown

by ForexCycle.com | January 14, 2024 2:25 am
EURUSD has been stuck in a holding pattern for months, trapped within a trading range between 1.0447 and 1.1275. The currency pair is currently facing a critical decision point at the upper end of this range, with...

USDJPY Rebounds, Potential for Upside Move in Long-term

by ForexCycle.com | January 10, 2024 2:05 am
USDJPY has rebounded from the support level at 140.25, with the falling trend line on the weekly chart providing additional support. This suggests that the pullback from 151.90 has completed, indicating a potential for another rise in...

USDCAD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 4:01 am
USDCAD is currently confronting the resistance of the falling trend line on the weekly chart. As long as the price remains below the trend line resistance, the bounce from 1.3092 could be considered a consolidation phase within...

USDJPY Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:57 am
USDJPY is within a rising price channel on the weekly chart, and it remains in a long-term uptrend from 127.21. The recent pullback from 145.06 can be seen as a consolidation phase within this uptrend. As long...

AUDUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:55 am
AUDUSD has been trading in a sideways range between 0.6170 and 0.7157 for several weeks. The sideways movement is likely a consolidation phase within the long-term downtrend from 0.8006. As long as the resistance of the falling...

GBPUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:52 am
GBPUSD is in a long-term uptrend from 1.0352, and the pullback from 1.3141 can be seen as a consolidation phase within this uptrend. The bottom of the rising price channel on the weekly chart serves as a...

EURUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:48 am
EURUSD is in a long-term uptrend from 0.9535, and the price action from 1.1032 can be seen as a consolidation phase within this uptrend. The rising trend line on the weekly chart is a key support level...

USDCAD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:23 am
The USDCAD pair is currently holding below the descending trend line on the weekly chart, signaling a continuation of the downtrend that began from 1.3977. As long as the price remains below the trend line, we can...

USDJPY Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:16 am
The USDJPY pair is currently trading in a rising price channel on the weekly chart. This suggests that the long-term uptrend from 127.21 is still intact. The next target is at 151.94, the previous high. A break...