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Long Term Forex Market Analysis


USDCAD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:39 UTC
USDCAD's downward movement from 1.4689 extended to as low as 1.2592. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal comple ...

USDJPY Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:39 UTC
USDJPY broke above the downward trend line on daily chart, indicating that the downward movement from 123.75 had completed at 107.63 already. Further rally could be expected over the next several weeks, and the target would be at 115.00 area. Support is at 107.63, only break below this level could t ...

AUDUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:38 UTC
AUDUSD continued its upward movement from 0.6826, and the rise extended to as high as 0.7834. Further rise is still possible in a couple of weeks, and next target would be at 0.8000 area. Near term support is at the bottom of the price channel on daily chart, and the key support is at 0.7450, only b ...

GBPUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:37 UTC
GBPUSD moved sideways without trend in a trading range between 1.3835 and 1.4668 for several weeks. Key resistance is at 1.4668, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), another fall to 1.3000 area ...

EURUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:37 UTC
EURUSD is facing 1.1100 support, as long as this level holds, the fall from 1.1464 could be treated as consolidation of the uptrend from 1.0822, another rise towards 1.2000 could be expected after consolidation. On the downside, a breakdown below 1.1100 support will indicate that lengthier consolida ...

USDCAD Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:41 UTC
USDCAD remains in downtrend from 1.4689, and the downward movement extended to as low as 1.2744. 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 1.2500 area. Key ...

USDJPY Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:40 UTC
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. Further decline could be expected after a minor consolidation, and next target would be at 105.00 area. Resistance is at the trend line, only a clear break above the trend line resistance could signal co ...

AUDUSD Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:39 UTC
AUDUSD stays in the upward price channel on daily chart, and remains in uptrend from 0.6826. Near term support is at the bottom of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8000 area. Key support is at 0.7450, only bre ...

GBPUSD Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:39 UTC
GBPUSD stayed in a trading range between 1.3835 and 1.4668 for several weeks. The price action in the range is likely consolidation of the downtrend from 1.5929 (Jun 18, 2015 high). As long as 1.4668 resistance holds, the downtrend could be expected to resume, and further decline to 1.3000 area is s ...

EURUSD Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:38 UTC
EURUSD remains in uptrend from 1.0822, the fall from 1.1464 is likely consolidation of the uptrend. Support is at 1.1100, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.2000 area. On the downside, a breakdown below 1.1100 support will indicate tha ...

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