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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:39 UTC
USDCAD's upward movement from 1.2460 extended to as high as 1.3162. Further rise could be expected over the next several weeks, and next target would be at 1.3600 area. Support level is at 1.2750, as long as this level holds, the uptrend will continue.

USDJPY Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:39 UTC
USDJPY broke above the downward trend line on daily chart. However, as long as 111.88 resistance holds, the rise from 105.54 could be treated as consolidation of the downtrend from 123.75, another fall towards 100.00 is still possible after consolidation. Only break above 111.88 key resistance could ...

AUDUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:38 UTC
AUDUSD continued its downward movement from 0.7834, and the fall extended to as low as 0.7175. Further decline could be expected after a minor consolidation, and next target would be at 0.7000 area. Resistance is at 0.7380, only break above this level could bring price back to 0.7600 zone.

GBPUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:37 UTC
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend. Further decline to test 1.3835 previous low support is possible over the next several weeks. Resistance is at 1.4769, only break above this level could trigger another rise towards 1.5000. ...

EURUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:37 UTC
EURUSD's fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week. As long as the channel support holds, the price action from 1.1616 could be treated as consolidation of the uptrend from 1.0517, one more ris ...

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 ...

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