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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:19 UTC
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2499. Further decline is still possible over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resi ...

USDJPY Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:19 UTC
After consolidation, USDJPY continued tis downward movement from 123.75, and the fall extended to as low as 106.27. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 111.88, only break above this level could signal completion of the downtrend.

AUDUSD Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:18 UTC
AUDUSD broke below the support of the upward price channel on daily chart. Deeper decline to test 0.7450 key support is possible next week, a breakdown below this level will indicate that the uptrend from 0.6826 had completed at 0.7834 already, then the pair will find support around 0.7100. On the u ...

GBPUSD Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:18 UTC
GBPUSD is facing 1.4668 resistance, a break of this level will indicate that the downtrend from 1.5929 (Jun 18, 2015 high) had completed at 1.3835 already, then the following upward movement could bring price to 1.5300 area. On the other side, as long as 1.4668 resistance holds, the rise from 1.3835 ...

EURUSD Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:17 UTC
EURUSD remains in uptrend from 1.0517. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term support is at 1.1100, and the key support is located at the upward trend line on daily chart, only a clear break below the trend line support could si ...

USDCAD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:39 UTC
USDCAD's downward movement from 1.4689 extended to as low as 1.2592. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal comple ...

USDJPY Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:39 UTC
USDJPY broke above the downward trend line on daily chart, indicating that the downward movement from 123.75 had completed at 107.63 already. Further rally could be expected over the next several weeks, and the target would be at 115.00 area. Support is at 107.63, only break below this level could t ...

AUDUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:38 UTC
AUDUSD continued its upward movement from 0.6826, and the rise extended to as high as 0.7834. Further rise is still possible in a couple of weeks, and next target would be at 0.8000 area. Near term support is at the bottom of the price channel on daily chart, and the key support is at 0.7450, only b ...

GBPUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:37 UTC
GBPUSD moved sideways without trend in a trading range between 1.3835 and 1.4668 for several weeks. Key resistance is at 1.4668, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), another fall to 1.3000 area ...

EURUSD Weekly Analysis - April 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 April 2016 07:37 UTC
EURUSD is facing 1.1100 support, as long as this level holds, the fall from 1.1464 could be treated as consolidation of the uptrend from 1.0822, another rise towards 1.2000 could be expected after consolidation. On the downside, a breakdown below 1.1100 support will indicate that lengthier consolida ...

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