US Dollar Breaks Key Support Against Swiss Franc

by ForexCycle.com | May 16, 2024 7:16 am
The USDCHF currency pair has broken below the rising trendline support visible on the daily chart, followed by a breakdown below the key 0.8997 support level. This technical breakdown suggests that the recent upside move from the...

US Dollar Pullback Tests Key Support Against Swiss Franc

by ForexCycle.com | May 7, 2024 3:43 am
The USDCHF currency pair has broken below the rising trendline support visible on the daily chart and is now testing the key 0.8997 support level. This area will likely determine the pair’s near-term directional bias. Key Support...

US Dollar Breaks Key Support Against Offshore Chinese Yuan

by ForexCycle.com | May 6, 2024 1:21 pm
The USDCNH currency pair has broken below the 7.1713 key support level, suggesting that the recent upside move from the 7.0869 low has likely completed at the 7.2826 high. This technical breakdown opens the door for further...

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...