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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:29 UTC
USDCAD remains in uptrend from 1.2460, the fall from 1.3188 is likely consolidation of the uptrend. Further rise could be expected, and next target would be at 1.3600 area. Support level is at 1.2750, as long as this level holds, the uptrend will continue.

USDJPY Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:28 UTC
USDJPY is forming a sideways consolidation in a range between 105.54 and 111.88. As long as 111.88 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 123.75, one more fall to 100.00 area is still possible after consolidation. On the upside, a break of 111 ...

AUDUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:28 UTC
AUDUSD's downward movement from 0.7834 extended to as low as 0.7144. Further decline is still possible after a minor consolidation, and next target would be at 0.7000 area. Near term resistance is at 0.7300, only break above this level will indicate that the downward movement is complete, then the f ...

GBPUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:27 UTC
GBPUSD is testing 1.4769 resistance, a break of this level will signal resumption of the uptrend from 1.3835, then next target would be at 1.5000 area. Support is at 1.4332, a breakdown below this level will confirm that the uptrend from 1.3835 had completed at 1.4769 already, then the following dow ...

EURUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:26 UTC
EURUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the fall from 1.1616 would possibly be consolidation of the uptrend from 1.0517, and one more rise to 1.2000 area to complete the upward movement is still possible. On the downside, a clear break ...

USDCAD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:39 UTC
USDCAD's upward movement from 1.2460 extended to as high as 1.3162. Further rise could be expected over the next several weeks, and next target would be at 1.3600 area. Support level is at 1.2750, as long as this level holds, the uptrend will continue.

USDJPY Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:39 UTC
USDJPY broke above the downward trend line on daily chart. However, as long as 111.88 resistance holds, the rise from 105.54 could be treated as consolidation of the downtrend from 123.75, another fall towards 100.00 is still possible after consolidation. Only break above 111.88 key resistance could ...

AUDUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:38 UTC
AUDUSD continued its downward movement from 0.7834, and the fall extended to as low as 0.7175. Further decline could be expected after a minor consolidation, and next target would be at 0.7000 area. Resistance is at 0.7380, only break above this level could bring price back to 0.7600 zone.

GBPUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:37 UTC
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend. Further decline to test 1.3835 previous low support is possible over the next several weeks. Resistance is at 1.4769, only break above this level could trigger another rise towards 1.5000. ...

EURUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:37 UTC
EURUSD's fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week. As long as the channel support holds, the price action from 1.1616 could be treated as consolidation of the uptrend from 1.0517, one more ris ...

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