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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 May 2015 07:38 UTC
USDCAD continued its downward movement from 1.2835, and the fall extended to as low as 1.1939. 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 1.1500 area.

USDJPY Weekly Analysis - May 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 May 2015 07:37 UTC
USDJPY continued its sideways movement in the 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 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 May 2015 07:37 UTC
AUDUSD is now in uptrend from 0.7532, and the rise extended to as high as 0.8075. Further rise could be expected over the next several weeks, and next target would be at 0.8800 area. Support is at 0.7532, only break below this level could trigger another fall towards 0.7000.

GBPUSD Weekly Analysis - May 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 May 2015 07:36 UTC
GBPUSD is facing 1.5551 key resistance again, a break of this level will indicate that the downtrend from 1.7190 (Jul 15, 2014 high) had completed at 1.4565 already, then the following upward movement could bring price to 1.8000 zone. However, as long as 1.5551 resistance holds, the bounce from 1.45 ...

EURUSD Weekly Analysis - May 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 May 2015 07:35 UTC
EURUSD's bounce from 1.0462 extended to as high as 1.1391. Further rise to test 1.1533 key resistance is possible next week. As long as 1.1533 resistance holds, the bounce would possibly be consolidation of the downtrend from 1.3993 (May 8, 2014 high), another fall to 1.0000 area is still possible a ...

USDCAD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:32 UTC
USDCAD's downward movement from 1.2835 extended to as low as 1.1945. Further decline is still possible after a minor consolidation, and next target would be at 1.1500 area. Resistance is at the top of the price channel on daily chart, as long as the channel resistance holds, the downtrend will conti ...

USDJPY Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:31 UTC
USDJPY stayed in the trading range between 115.56 and 122.02 for several months. 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 is still possible after consolidation.

AUDUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:31 UTC
AUDUSD broke above 0.7938 resistance, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.7532 already. The pair is now in uptrend, further rise could be expected over the next several weeks, and next target would be at 0.8800 area. Support is at 0.7532, only break below ...

GBPUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:30 UTC
GBPUSD failed to break above 1.5551 resistance, indicating that the pair remains in downtrend from 1.7190 (Jul 15, 2014 high), and the rise from 1.4565 would possibly be consolidation of the downtrend. Further decline to test 1.4565 support is possible in a couple of weeks, a breakdown below this le ...

EURUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:29 UTC
EURUSD broke above 1.1052 resistance, indicating that lengthier consolidation for the downtrend from 1.3993 (May 8, 2014 high) is underway. Further rise to test 1.1533 key resistance is possible, as long as this level holds, the downtrend could be expected to resume, and one more fall towards 1.0000 ...

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