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Long Term Forex Market Analysis


USDCAD Weekly Analysis - November 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 November 2016 10:41 UTC
USDCAD's upward movement from 1.2460 extended to as high as 1.3465. Key support is at 1.3000, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3700 area. On the downside, a breakdown below 1.3000 support will indicate that the uptrend is complete, ...

USDJPY Weekly Analysis - November 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 November 2016 10:40 UTC
USDJPY continued its sideways movement in a range between 98.97 and 107.48. Another fall to test 98.97 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 125.85 (Jun 5, 2015 high), then next target would be at 90.00 area. Key resistance ...

AUDUSD Weekly Analysis - November 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 November 2016 10:39 UTC
AUDUSD stayed in the narrow range between 0.7441 and 0.7755 for several weeks. Key support is at 0.7441, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000 area is still possible after consolidation. Onl ...

GBPUSD Weekly Analysis - November 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 November 2016 10:39 UTC
GBPUSD remains in downtrend from 1.5016, the rise from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 is possible over the next several weeks. Resistance is at 1.2700, as long as this level holds, the downtrend could be expected to resume, and further declin ...

EURUSD Weekly Analysis - November 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 November 2016 10:38 UTC
EURUSD broke above 1.1060 resistance, indicating that the downward movement from 1.1366 had completed at 1.0851 already. Further rally could be expected, and next target would be at 1.1500 area. Support is at 1.0851, only break below this level could trigger another fall towards 1.0500.

USDCAD Weekly Analysis - October 30, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 30 October 2016 03:07 UTC
USDCAD broke above the top of the price channel on daily chart. Further rise could be expected over the next several weeks, and next target would be at 1.3700 area. Support is at 1.3200, only break below this level could bring price back to the bottom of the channel.

USDJPY Weekly Analysis - October 30, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 30 October 2016 03:06 UTC
USDJPY remains in the sideways movement in a range between 98.97 and 107.48. Key resistance is at 107.48, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 125.85 (Jun 5, 2015 high), further decline to 90.00 area is still possible after consol ...

AUDUSD Weekly Analysis - October 30, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 30 October 2016 03:06 UTC
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7755. As long as 0.7441 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000 area is still possible after consolidation. On the downside, a breakdown below ...

GBPUSD Weekly Analysis - October 30, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 30 October 2016 03:05 UTC
GBPUSD is in downtrend from 1.3444, the price action from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2600 is possible over the next several weeks. Only break above 1.2600 resistance will indicate that the downtrend had completed at 1.1946 already, then the fo ...

EURUSD Weekly Analysis - October 30, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 30 October 2016 03:04 UTC
EURUSD's downward movement from 1.1366 extended to as low as 1.0851. Further decline is till possible after a minor consolidation, and next target would be at 1.0600 area. Resistance is at 1.1060, only break above this level will indicate that the downtrend had completed at 1.0851 already, then the ...

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