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Long Term Forex Market Analysis


USDCAD Weekly Analysis - July 31, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 31 July 2016 10:28 UTC
After touching 1.3188 resistance, USDCAD pulled back into the trading range between 1.2460 and 1.3250, indicating that the pair remains in downtrend from 1.4689, and the price action from 1.2460 could be treated as consolidation of the downtrend. Near term support is at 1.2800, a breakdown below thi ...

USDJPY Weekly Analysis - July 31, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 31 July 2016 10:28 UTC
Being contained by the resistance of the downward trend line on daily chart, USDJPY pulled back from 107.48, indicating that the pair remains in downtrend from 123.75 (Nov 18, 2015 high), and the bounce from 98.97 could be treated as consolidation of the downtrend. Resistance is now at 107.48, as lo ...

AUDUSD Weekly Analysis - July 31, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 31 July 2016 10:27 UTC
AUDUSD's upward movement from 0.7144 extended to as high as 0.7676. Further rise would likely be seen after a minor consolidation, and next target would be at 0.8000 area. Near term support is at 0.7400, only break below this level could bring price back to 0.6900 area.

GBPUSD Weekly Analysis - July 31, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 31 July 2016 10:27 UTC
GBPUSD moved sideways in a range between 1.2795 and 1.3480. As long as 1.3800 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.2000 area is still possible after consolidation.

EURUSD Weekly Analysis - July 31, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 31 July 2016 10:26 UTC
EURUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend from 1.1616 could be expected to continue, and next target would be at 1.0600 area. However, a clear break above the trend line resistance will signal completion of th ...

USDCAD Weekly Analysis - July 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 July 2016 09:15 UTC
USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. On the downside, a breakdown below 1.2800 support could bring price back to test 1.2460 support.

USDJPY Weekly Analysis - July 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 July 2016 09:14 UTC
USDJPY is testing that resistance of the downward trend line on daily chart. A clear break above the trend line resistance will indicate that the downtrend from 123.75 (Nov 18, 2015 high) had completed at 98.97 already, then the following upward movement could bring price to 115.00 zone. On the down ...

AUDUSD Weekly Analysis - July 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 July 2016 09:14 UTC
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall to 0.6900 area to complete the downward movement could be expected. Key resistance is at 0.7834, only break above this level could bring price to 0.9000 zone.

GBPUSD Weekly Analysis - July 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 July 2016 09:13 UTC
No changed in our view, GBPUSD is in downtrend from 1.5016, the rise from 1.2795 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000.

EURUSD Weekly Analysis - July 24, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 July 2016 09:12 UTC
EURUSD remains in downtrend from 1.1616, the rise from 1.0911 is possibly be consolidation of the downtrend. 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 1.0600 area. On t ...

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