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,...

AUDUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:48 am
The AUDUSD pair has been engaged in a sideways movement, oscillating within the range of 0.6170 and 0.7157. This consolidation phase comes after a long-term downtrend from 0.8006, suggesting that the pair is taking a breather before...

GBPUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:10 am
The GBPUSD pair has been on an impressive long-term uptrend, stretching from 1.0352 to as high as 1.3141. This sustained upward momentum signals the strength of the British pound against the US dollar and suggests that further...

EURUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:02 am
The EURUSD pair has experienced a significant breakthrough, breaking above the key resistance level at 1.1095 and reaching as high as 1.1244. This breakout suggests that the long-term uptrend from 0.9535 has resumed, signaling potential further gains...