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Long Term Forex Market Analysis


USDCAD Weekly Analysis - January 22, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 January 2017 05:45 UTC
After touching the bottom of the price channel on daily chart, USDCAD rebounded back into the channel, indicating that the pair remains in uptrend from 1.2460 (May 3, 2016 low). Further rise could be expected over the next several weeks, and next target would be at 1.3900 area. Key support is at 1.3 ...

USDJPY Weekly Analysis - January 22, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 January 2017 05:44 UTC
USDJPY is in consolidation of the uptrend from 98.97 (Jun 24, 2016 low). Range trading between 110.00 and 118.66 would likely be seen over the next several weeks. As long as 110.00 support holds, the uptrend could be expected to resume, and further rise to 123.00 area is still possible after consoli ...

AUDUSD Weekly Analysis - January 22, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 January 2017 05:44 UTC
AUDUSD is now in uptrend from 0.7158. Further rise could be expected 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 22, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 January 2017 05:43 UTC
GBPUSD failed to break below 1.1946 previous low support and stayed in the trading range between 1.1946 and 1.2774. Further rise to test 1.2774 resistance could be expected in a couple of weeks. As long as 1.2774 resistance holds, the price action in the trading range could be treated as consolidati ...

EURUSD Weekly Analysis - January 22, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 January 2017 05:43 UTC
EURUSD is in downtrend from 1.1616 (May 3, 2016 high), the rise from 1.0340 could be treated as consolidation of the downtrend. Further rise would likely be seen in a couple of weeks, and the target would be at the top of the price channel on daily chart. However, as long as the channel resistance h ...

USDCAD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:05 UTC
USDCAD broke below the bottom of the price channel on daily chart, indicating that the uptrend from 1.2460 had completed at 1.3598 already. Further decline could be seen after a minor consolidation, and next target would be at 1.2500 area. Resistance is at 1.3360 only break above this level could tr ...

USDJPY Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:04 UTC
USDJPY broke below 114.73 support, indicating that the upward movement from 101.18 had completed at 118.66 already. Deeper decline could be expected over the next several weeks, and the target would be at 110.00 area. Resistance is at 116.60, only break above this level could trigger another rise to ...

AUDUSD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:03 UTC
AUDUSD broke above the downward trend line on daily chart, indicating that the downward movement from 0.7778 had completed at 0.7158 already. Further rise could be expected 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 t ...

GBPUSD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:02 UTC
GBPUSD is facing 1.1946 support, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.1500 area. Near term resistance is at 1.2450, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then fur ...

EURUSD Weekly Analysis - January 15, 2017

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 January 2017 06:01 UTC
EURUSD remains in downtrend from 1.1366, the rise from 1.0340 is likely consolidation of the downtrend. Key resistance is at 1.0873, as long as this level holds, the downtrend could be expected to resume, and further decline to 1.0000 area is still possible. On the upside, a break of 1.0873 resistan ...

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