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Long Term Forex Market Analysis


USDCAD Weekly Analysis - October 23, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 October 2016 14:30 UTC
USDCAD has reached the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level could bring price back to the bottom of the channel.

USDJPY Weekly Analysis - October 23, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 October 2016 14:29 UTC
USDJPY moved sideways in a range between 98.97 and 107.48. As long as 107.48 key resistance holds, the downtrend from 123.75 (Nov 18, 2015 high) could be expected to continue, and next target would be at 90.00. Only break above 107.48 resistance could signal completion of the downtrend.

AUDUSD Weekly Analysis - October 23, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 October 2016 14:27 UTC
AUDUSD failed to break above 0.7755 resistance and stayed in the trading range between 0.7441 and 0.7755. 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 possib ...

GBPUSD Weekly Analysis - October 23, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 October 2016 14:26 UTC
GBPUSD remains in downtrend from 1.3444, further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance is at 1.2600, only break above this level will indicate that the downtrend had completed at 1.1946 already, then the following upward movement c ...

EURUSD Weekly Analysis - October 23, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 October 2016 14:25 UTC
EURUSD broke below 1.0911 support and reached as low as 1.0859. Further decline could be expected in a couple of weeks, and next target would be at 1.0600 area. Resistance is at 1.1080, only break above this level could signal completion of the downtrend.

USDCAD Weekly Analysis - October 16, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 October 2016 12:57 UTC
USDCAD is testing the resistance of the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level could bring price back to the bottom of the channel.

USDJPY Weekly Analysis - October 16, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 October 2016 12:56 UTC
USDJPY continued its sideways movement in a range between 98.97 and 107.48. As long as 107.48 key resistance holds, the downtrend from 123.75 (Nov 18, 2015 high) could be expected to continue, and next target would be at 90.00. Only break above 107.48 resistance could signal completion of the downtr ...

AUDUSD Weekly Analysis - October 16, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 October 2016 12:56 UTC
AUDUSD moved sideways 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 0.7441 support wi ...

GBPUSD Weekly Analysis - October 16, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 October 2016 12:55 UTC
GBPUSD is in consolidation of the downtrend from 1.3444. Range trading between 1.2050 and 1.2600 would likely be seen over the next several weeks. Resistance is at 1.2600, as long as this level holds, the downtrend could be expected to resume after consolidation, only a break of 1.2600 level could s ...

EURUSD Weekly Analysis - October 16, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 October 2016 12:55 UTC
EURUSD's downward movement from 1.1366 extended to as low as 1.0970. Further decline could be expected in a couple of weeks, and next target would be at 1.0700 area. Resistance is at 1.1150, only break above this level could trigger another rise towards 1.2000.

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