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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:54 UTC
USDCAD broke above the top of the price channel on daily chart, indicating that the downtrend from 1.2835 had completed at 1.1919 already. Further rise could be expected, and next target would be at 1.2650 area. Support is at 1.1919, only break below this level could trigger another fall to 1.1500 z ...

USDJPY Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:54 UTC
USDJPY is facing 122.02 resistance, a break of this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011) has resumed, then the following upward movement could bring price to 130.00 area. Key support is at 115.56, only break below this level could signal completion of the uptrend. ...

AUDUSD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:53 UTC
AUDUSD remains in uptrend from 0.7532, the fall from 0.8162 is likely consolidation of the uptrend. Support is at 0.7750, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.8800 area. On the downside, a breakdown below 0.7750 support will indicate t ...

GBPUSD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:53 UTC
GBPUSD remains in uptrend from 1.4565, the fall from 1.5814 is likely consolidation of the uptrend. Support is at 1.5080, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.6500 area. On the downside, a breakdown below 1.5080 support will indicate t ...

EURUSD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:52 UTC
EURUSD failed to break above 1.1533 resistance, indicating that the pair remains in downtrend from 1.3993 (May 8, 2014 high), and the price action from 1.0462 would possibly be consolidation of the downtrend. Further decline would likely be seen, and next target would be at 1.0650 area. Key resistan ...

USDCAD Weekly Analysis - May 17, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 May 2015 06:58 UTC
USDCAD's downward movement from 1.2835 extended to as low as 1.1919. Further decline could be expected over the next several weeks, and next target would be at 1.1500 area. Resistance is at the top of the price channel on daily chart, only a clear break above the channel resistance could signal comp ...

USDJPY Weekly Analysis - May 17, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 May 2015 06:57 UTC
USDJPY is forming a sideways movement in a range between 115.56 and 122.02. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011), one more rise to 130.00 area could be expected after the sideways move.

AUDUSD Weekly Analysis - May 17, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 May 2015 06:57 UTC
AUDUSD's upward movement extended to as high as 0.8162. Further rise could be expected, and next target would be at 0.8800 area. Support levels are at 0.7780 and 0.7532, only break below these levels could trigger another fall towards 0.7000.

GBPUSD Weekly Analysis - May 17, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 May 2015 06:55 UTC
GBPUSD broke above 1.5551 resistance, indicating that the downward movement from 1.7190 (Jul 15, 2014 high) had completed at 1.4565 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be at 1.6500 area. Support is at 1.5400, only bre ...

EURUSD Weekly Analysis - May 17, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 May 2015 06:54 UTC
EURUSD is facing 1.1533 resistance, a break of this level will indicate that the downtrend from 1.3993 (May 8, 2014 high) had completed at 1.0462 already, then the following upward movement could bring price to 1.3000 area. However, as long as 1.1533 resistance holds, the rise from 1.0462 would poss ...

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