Long Term Forex Market Analysis
Providing long term forex market analysis and trading signals. Timing the forex market.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 11 May 2013 13:48 GMT
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GBPUSD remains in uptrend from 1.4831, the fall from 1.5605 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to resume, and... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 11 May 2013 13:46 GMT
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EURUSD breaks below 1.2955 support, suggesting that the upward movement from 1.2747 had completed at 1.3242 already. Deeper decline to test 1.2747 support would likely be seen next week,
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 05 May 2013 13:12 GMT
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USDCAD broke below 1.0083 support, suggesting that the downtrend from 1.0341 has resumed. Further decline could be seen over the next several days, and next target would be at 1.0000 area.
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 05 May 2013 13:11 GMT
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USDCHF stays in a trading range between 0.9206 and 0.9567. Support is at 0.9206, a breakdown below this level will indicate that the downtrend from 0.9567 has resumed, then further decline towards 0.9000 could be seen.
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 05 May 2013 13:10 GMT
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USDJPY moves sideways in a range between 95.82 and 99.94. As long as 95.82 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14, one more rise towards 105.00 is still possible after consolidation.
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 05 May 2013 13:10 GMT
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AUDUSD remains in downtrend from 1.0582, the rise from 1.0220 is treated as consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, another fall towards 1.0000 could be... |
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 05 May 2013 13:09 GMT
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GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4831. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be... |
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 05 May 2013 13:07 GMT
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EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be expected after consolidation.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 April 2013 07:25 GMT
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USDCAD remains in downtrend from 1.0341, the rise from 1.0083 is likely correction of the downtrend. Further decline could be expected next week, and next target would be at 1.0000. Key resistance is at 1.0293, only break above this level could... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 April 2013 07:24 GMT
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USDCHF remains in downtrend from 0.9567, the rise from 0.9206 is likely correction of the downtrend. As long as 0.9567 key resistance holds, the downtrend could be expected to resume, and anther fall towards 0.9000 is still possible.
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