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Long Term Forex Market Analysis


USDCAD Weekly Analysis - December 13, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 December 2015 13:23 UTC
USDCAD broke above 1.3456 resistance, and reached as high as 1.3757, indicating that the uptrend from 1.1919 (May 14 low) has resumed. Further rise could be seen over the next several weeks, and next target would be at 1.4500 area. Support is at 1.3550, as long as this level holds, the uptrend will ...

USDJPY Weekly Analysis - December 13, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 December 2015 13:22 UTC
USDJPY broke below 122.00 support, indicating that the short term uptrend from 118.16 had completed at 123.75 already. Deeper decline is still possible in a couple of weeks, and the target would be at 118.00 area. Resistance is at 123.75, only break above this level could trigger another rise toward ...

AUDUSD Weekly Analysis - December 13, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 December 2015 13:21 UTC
AUDUSD failed to break above 0.7439 resistance, and continued its sideways movement in a range between 0.6907 and 0.7439. Another fall to test 0.6907 support would likely be seen in a couple of weeks, and a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 201 ...

GBPUSD Weekly Analysis - December 13, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 December 2015 13:21 UTC
GBPUSD stays in a descending wedge pattern on daily chart, and remains in downtrend from 1.5929. Near term resistance is located at the upper border of the wedge, as long as the wedge resistance holds, the downtrend could be expected to continue, and next target would be at 1.4700 - 1.4800 area. Key ...

EURUSD Weekly Analysis - December 13, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 December 2015 13:20 UTC
EURUSD is now in uptrend from 1.0517. Further rally could be expected after a minor consolidation, and next target would be at 1.2000 area. Support levels are at 1.0740 and 1.0517, only break below these levels could trigger another fall towards 1.0000.

USDCAD Weekly Analysis - December 6, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 December 2015 08:41 UTC
USDCAD is testing 1.3456 resistance, a break of this level will indicate that the uptrend from 1.1919 has resumed, then next target would be at 1.4000 area. Near term support is at 1.3200, only break below this level could trigger another fall to 1.2500 zone.

USDJPY Weekly Analysis - December 6, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 December 2015 08:41 UTC
No changed in our view, USDJPY remains in short term uptrend from 118.16, the fall from 123.75 is treated as consolidation of the uptrend. Further rise to test 125.85 resistance is possible, a break of this level will signal resumption of the long term uptrend from 75.57 (Oct 31, 2011 low), then nex ...

AUDUSD Weekly Analysis - December 6, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 December 2015 08:40 UTC
AUDUSD is facing 0.7439 resistance again, a break of this level will indicate that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6907 already, then the following upward movement could bring price to 0.8000 zone. However, as long as 0.7439 resistance holds, the sideways movement in ...

GBPUSD Weekly Analysis - December 6, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 December 2015 08:39 UTC
GBPUSD is in a descending wedge pattern on daily chart. Further decline would likely be seen over the next several weeks, and the target would be at 1.4700 - 1.4800 area. Near term resistance is at the upper border of wedge, and the key resistance is at 1.5400, only break above this level could brin ...

EURUSD Weekly Analysis - December 6, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 December 2015 08:39 UTC
Being contained by 1.0462 (Mar 13 low) support, EURUSD rebounded strongly to 1.0981, indicating that the downward movement from 1.1713 had completed. Further rally could be expected over the next several weeks, and the target would be at 1.2000 area.

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