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Long Term Forex Market Analysis


USDCAD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:05 UTC
USDCAD broke below the bottom of the price channel on daily chart, indicating that the uptrend from 1.2460 had completed at 1.3598 already. Further decline could be seen after a minor consolidation, and next target would be at 1.2500 area. Resistance is at 1.3360 only break above this level could tr ...

USDJPY Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:04 UTC
USDJPY broke below 114.73 support, indicating that the upward movement from 101.18 had completed at 118.66 already. Deeper decline could be expected over the next several weeks, and the target would be at 110.00 area. Resistance is at 116.60, only break above this level could trigger another rise to ...

AUDUSD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:03 UTC
AUDUSD broke above the downward trend line on daily chart, indicating that the downward movement from 0.7778 had completed at 0.7158 already. Further rise could be expected over the next several weeks, and next target would be at 0.8000 area. Support is at 0.7300, only break below this level could t ...

GBPUSD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:02 UTC
GBPUSD is facing 1.1946 support, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.1500 area. Near term resistance is at 1.2450, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then fur ...

EURUSD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:01 UTC
EURUSD remains in downtrend from 1.1366, the rise from 1.0340 is likely consolidation of the downtrend. Key resistance is at 1.0873, as long as this level holds, the downtrend could be expected to resume, and further decline to 1.0000 area is still possible. On the upside, a break of 1.0873 resistan ...

USDCAD Weekly Analysis - January 8, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 January 2017 02:35 UTC
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.2460. As long as the channel support holds, the price action from 1.3588 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.3800 area ...

USDJPY Weekly Analysis - January 8, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 January 2017 02:35 UTC
No changed in our view, USDJPY remains in uptrend from 101.18. As long as 114.73 support holds, the fall from 118.66 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 123.00 area. Only break below 114.73 support could sig ...

AUDUSD Weekly Analysis - January 8, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 January 2017 02:34 UTC
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.7778. As long as the trend line resistance holds, the rise from 0.7158 could be treated as consolidation of the downtrend. Further decline is still possible after consolidation and next target would be at 0.69 ...

GBPUSD Weekly Analysis - January 8, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 January 2017 02:34 UTC
GBPUSD remains in short term downtrend from 1.2774. Further decline to test 1.1946 support is still possible in a couple of weeks. Near term resistance is at 1.2500, only break above this level would trigger another rise towards 1.3500.

EURUSD Weekly Analysis - January 8, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 January 2017 02:33 UTC
EURUSD's downward movement from 1.1366 extended to as low as 1.0340. Near term resistance is at the top of the price channel on daily chart. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0000 area. Key resistance is at 1.0873, onl ...

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