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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 15, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 May 2016 09:56 UTC
USDCAD is now in uptrend from 1.2460. Further rally could be expected over the next several weeks, and the target would be at 1.3600 area. Support levels are at 1.2700 and 1.2460, only break below these levels could trigger another fall towards 1.2000.

USDJPY Weekly Analysis - May 15, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 May 2016 09:55 UTC
USDJPY remains in downtrend from 123.75, the rise from 105.54 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 100.00 area. ...

AUDUSD Weekly Analysis - May 15, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 May 2016 09:55 UTC
AUDUSD's downward movement from 0.7834 extended to as low as 0.7253. Near term resistance is at 0.7450, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000 area.

GBPUSD Weekly Analysis - May 15, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 May 2016 09:54 UTC
GBPUSD is now in downtrend from 1.4769. Further decline could be expected over the next several weeks, and next target would be at 1.4000 area. Resistance levels are at 1.4550 and 1.4769, only break above these levels could trigger another rise towards 1.5000.

EURUSD Weekly Analysis - May 15, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 May 2016 09:53 UTC
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517, the fall from 1.1616 is likely consolidation of the uptrend. Support is located at the bottom of the channel. As long as the channel support holds, the uptrend could be expected to resume, and another rise t ...

USDCAD Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:40 UTC
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.4689 had completed at 1.2460 already. Further rally could be expected over the next several weeks, and the target would be at 1.3600 area.

USDJPY Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:39 UTC
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 100.00 area. On the upside, a clear break above the trend line resistance will indicat ...

AUDUSD Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:39 UTC
AUDUSD broke below 0.7450 support, indicating that the upward movement from 0.6826 had completed at 0.7834 already. Further decline could be expected over the next several weeks, and next target would be at 0.7000 area.

GBPUSD Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:38 UTC
After touching 1.4668 resistance, GBPUSD pulled back from 1.4769, indicating that the upward movement from 1.3835 had completed 1.4769 already. Deeper decline could be expected over the next several weeks, and the target would be at 1.4100 area.

EURUSD Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:37 UTC
EURUSD's upward movement from 1.0517 extended to as high as 1.1616. Support is at 1.1200, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2000 area. On the downside, a breakdown below 1.1200 support will indicate that the uptrend had completed at ...

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