Long Term Forex Market Analysis
Providing long term forex market analysis and trading signals. Timing the forex market.
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 21 January 2012 03:25 GMT
|
|
USDCAD broke below the triangle pattern on daily chart. Further decline could be seen over the next several weeks, and target would be at 0.9600-0.9700 area. Resistance is at 1.0230, as long as this level holds, downtrend will continue.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 21 January 2012 03:24 GMT
|
|
USDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed at 0.9594 already, then the following downward movement could bring price back to 0.8850 area. However, as long as 0.9244 support holds, the price action from 0.9594 could possibly be consolidation of uptrend, another rise towards 1.0000 is still possible.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 21 January 2012 03:23 GMT
|
|
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.55 on daily chart, a break above 77.32 resistance could trigger another rise towards 79.52.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 21 January 2012 03:22 GMT
|
|
AUDUSD continued its upward movement from 0.9861, and the rise extended to as high as 1.0487. Further rise could be seen next week, and next target would be at 1.0700 area. Support is at 1.0350, only break below this level could signal completion of the uptrend.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 21 January 2012 03:21 GMT
|
|
After breaking below 1.5272 previous low, GBPUSD rebounded strongly from 1.5236, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen over the next several weeks, and the target would be at 1.6000 area.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 21 January 2012 03:11 GMT
|
|
EURUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed. Further rally would likely be seen over the next several weeks, and the target would be at 1.3250 area. However, the rise is treated as consolidation of downtrend from 1.4939, another fall could be expected after consolidation.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 14 January 2012 10:04 GMT
|
|
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper line of the pattern would likely be seen next week, a clear break above the upper line will indicate that the uptrend from 0.9406 has resumed, then further rise towards 1.1000 could be seen.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 14 January 2012 10:03 GMT
|
|
USDCHF remains in uptrend from 0.8569, and the rise extended to as high as 0.9594. Further rise could be seen next week, and next target would be at 0.9750 area. Key support is at 0.9244, only break below this level could signal completion of the uptrend.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 14 January 2012 10:02 GMT
|
|
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.60 on daily chart. Another rise to towards 79.52 would likely be seen next week.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 14 January 2012 10:01 GMT
|
|
AUDUSD remains in uptrend from 0.9861. Further rise could be expected next week, and next target would be at 1.0600 area. Support is now at the 1.0145, only break below this level could trigger another fall to 0.9500 zone.
|
|
Read more...
|
|
|
|
|
Page 1 of 160 |
Recommended Forex Trading Platforms
|
Voted Best Trading Platform of the year 2011 by World Finance Magazine, 4XP is the premier online broker, offering commission-free Forex, CFD’s, tight fixed spreads and real-time prices. 4XP offers cutting-edge software, advanced charting, mobile trading, daily analysis and 24 hour multilingual support. |
|
Subscribe to Newsletter
To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.
|
