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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 15:00 UTC
USDCAD broke below 1.0857 support and reached as low as 1.0813. However, lengthier consolidation of the downtrend from 1.1278 is possible next week, and one more rise to the top of the price channel on daily chart to complete the consolidation would likely be seen. Support is now at 1.0800, only bre ...

USDCHF Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 14:59 UTC
USDCHF failed to break below 0.8699 support and stays in a trading range between 0.8699 and 0.8952, indicating that lengthier consolidation of the downtrend from 0.9751 (Jul 9, 2013 high) is underway. Resistance is located at the upper line of the price channel on daily chart. As long as the channel ...

USDJPY Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 14:58 UTC
USDJPY is facing 100.75 support again, a breakdown below this level will indicate that the uptrend from 93.79 (Jun 13, 2013 low) had completed at 105.44 already, then the following downward movement could bring price to 96.00 area. On the upside, as long as 100.75 support holds, the price action fro ...

AUDUSD Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 14:57 UTC
AUDUSD remains in uptrend from 0.8660, the fall from 0.9461 is likely consolidation of the uptrend. One more rise to 0.9550 - 0.9600 area to complete the upward movement is still possible. Support is now at 0.9202, only break below this level will indicate that the uptrend had completed at 0.9461 al ...

GBPUSD Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 14:57 UTC
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.6996 could be treated as consolidation of the uptrend. Near term support is located at the bottom of the channel. As long as the channel support holds, the uptrend could be e ...

EURUSD Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 14:56 UTC
After touching 1.3966 resistance, EURUSD pulled back from 1.3993, indicating that lengthier consolidation of the uptrend from 1.2747 (Apr 4, 2013 low) is underway. Deeper decline would likely be seen over the next several weeks, and the target would be at 1.3500 area. Key resistance is now at 1.3993 ...

USDCAD Weekly Analysis - May 4, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 04 May 2014 07:29 UTC
No changed in our view, USDCAD is now in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Support is at 1.0857, a breakdown below this level will signal resumption of the downtrend, then next target would be at 1.0700 area. Resistance levels are at 1.1100 and 1.1 ...

USDCHF Weekly Analysis - May 4, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 04 May 2014 07:29 UTC
USDCHF moved sideways in a range between 0.8699 and 0.8952. Key resistance is located at the upper line of the price channel on daily chart, as long as the channel resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9751 (Jul 9, 2013 high), anoth ...

USDJPY Weekly Analysis - May 4, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 04 May 2014 07:28 UTC
USDJPY moved sideways in a range between 100.75 and 105.44. As long as 100.75, support holds, the price action from 105.44 could be treated as consolidation of the uptrend from 93.79 (Jun 13, 2013 low), one more rise to 110.00 is still possible after consolidation. On the downside, a breakdown below ...

AUDUSD Weekly Analysis - May 4, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 04 May 2014 07:27 UTC
AUDUSD broke below the lower line of the price channel on daily chart, indicating that the uptrend from 0.8660 had completed at 0.9461 already. Further decline would likely be seen over the next several weeks, and next target would be at 0.8850 area. Resistance is at 0.9380, only break above this le ...

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