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Long Term Forex Market Analysis


USDCAD Weekly Analysis - February 5, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 February 2017 09:24 UTC
USDCAD broke below the upward price channel on daily chart and is now in downtrend from 1.3598. Further decline could be expected over the next several weeks, and next target would be at 1.2600 area. Resistance is at 1.3387, only break above this level could signal completion of the downtrend.

USDJPY Weekly Analysis - February 5, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 February 2017 09:23 UTC
USDJPY's downward movement from 118.66 extended to as low as 112.05. Further decline is still possible in a couple of weeks and next target would be at 110.00 area. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 115.65, only break above this level cou ...

AUDUSD Weekly Analysis - February 5, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 February 2017 09:23 UTC
AUDUSD's upward movement from 0.7158 extended to as high as 0.7695. Further rise is still possible over the next several weeks, and next target would be at 0.8000 area. Support is now at 0.7500, only break below this level could bring price back to 0.7300 zone.

GBPUSD Weekly Analysis - February 5, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 February 2017 09:22 UTC
GBPUSD moved sideways in a trading range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050. As long as these levels hold, the price action from 1.1946 could be treated as consolidation of the downtrend 1.5016, and further decline to 1.1500 area is still possible after consolidati ...

EURUSD Weekly Analysis - February 5, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 February 2017 09:21 UTC
EURUSD's bounce from 1.0340 extended to as high as 1.0828. However, the bounce is likely consolidation of the downtrend from 1.1616 (May 3, 2016 high). 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 resume, an ...

USDCAD Weekly Analysis - January 29, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 January 2017 07:10 UTC
USDCAD is testing that support of the bottom of the price channel on daily chart. As long as the channel support holds, the price action from 1.3588 could be treated as consolidation of the uptrend from 1.2460 (May 3, 2016 low) and further rise to 1.3900 area could be expected after consolidation. K ...

USDJPY Weekly Analysis - January 29, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 January 2017 07:09 UTC
USDJPY remains in uptrend from 98.97 (Jun 24, 2016 low), the fall from 118.66 is likely consolidation of the uptrend. Range trading between 110.00 and 118.66 could be expected over the next several weeks. Support is at 110.00, as long as this level holds, the uptrend could be expected to resume, and ...

AUDUSD Weekly Analysis - January 29, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 January 2017 07:09 UTC
AUDUSD remains in uptrend from 0.7158. Further rise is possible 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 trigger another fall towards 0.6900.

GBPUSD Weekly Analysis - January 29, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 January 2017 07:08 UTC
GBPUSD is facing 1.2774 resistance. As long as this level holds, the price action in the trading range between 1.1946 and 1.2774 could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500 area is possible after consolidation.

EURUSD Weekly Analysis - January 29, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 January 2017 07:07 UTC
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the rise from 1.0340 is likely consolidation of the downtrend. Further rally is possible in a couple of weeks, and the target would be at the top of the price channel on daily chart. On the downside, as long as the channel resistance holds, ...

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