Long Term Forex Market Analysis
Providing long term forex market analysis and trading signals. Timing the forex market.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 23 March 2013 09:55 GMT
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USDJPY may be forming a cycle top at 96.70 on daily chart. Pullback to 92.00 - 93.00 area would likely be seen next week. However, the fall from 96.70 would possibly be consolidation of the uptrend from 77.14, one more rise towards 100.00 is still... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 23 March 2013 09:54 GMT
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AUDUSD is now in uptrend from 1.0115. Support is at 1.0340, as long as this level holds, further rise could be expected next week, and next target would be at 1.0600 area, only break below 1.0340 support level could signal completion of the uptrend... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 23 March 2013 09:53 GMT
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GBPUSD is facing the resistance of the downward trend line on daily chart, a clear break above the trend line resistance will indicate that the downtrend from 1.6339 had completed at 1.4831 already, then the following upward movement could bring... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 23 March 2013 09:51 GMT
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EURUSD remains in downtrend from 1.3711, the rise from 1.2843 is likely consolidation of the downtrend. Another fall to 1.2750 area would likely be seen next week. Key resistance is now at 1.3100, only break above this level could indicate that a... |
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 17 March 2013 03:00 GMT
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USDCAD is facing the support of the lower line of the upward price channel on daily chart. As long as the channel support holds, the fall from 1.0341 could be treated as consolidation of the uptrend from 0.9815, another rise to 1.0500 area is still... |
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 17 March 2013 02:59 GMT
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USDCHF is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the fall from 0.9567 could be treated as consolidation of the uptrend from 0.9021, another rise to 97.00 area is still possible.
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 17 March 2013 02:58 GMT
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USDJPY's upward movement from 77.14 extends to as high as 96.70. Further rise is still possible after consolidation, and next target would be at 98.50 area. Support is at 93.00, only break below this level could signal completion of the uptrend.
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 17 March 2013 02:54 GMT
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AUDUSD breaks above 1.0400 key resistance and reaches as high as 1.0413, suggesting that the downtrend from 1.0597 had completed at 1.0115 already. Further rise could be seen over the next several days, and next target would be at 1.0500 area.
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 17 March 2013 02:54 GMT
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GBPUSD remains in downtrend from 1.6339, the rise from 1.4831 would possibly be consolidation of the downtrend. Key resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected... |
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Forex Market Analysis |
Written by ForexCycle.com |
Sunday, 17 March 2013 02:50 GMT
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EURUSD's downward movement from 1.3711 extends to as low as 1.2911. Further decline is still possible after a minor consolidation, and next target would be at 1.2750 area. Key resistance is at 1.3200, as long as this level holds, the downtrend could... |
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