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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:32 UTC
USDCAD's downward movement from 1.2835 extended to as low as 1.1945. Further decline is still possible after a minor consolidation, and next target would be at 1.1500 area. Resistance is at the top of the price channel on daily chart, as long as the channel resistance holds, the downtrend will conti ...

USDJPY Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:31 UTC
USDJPY stayed in the trading range between 115.56 and 122.02 for several months. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011), one more rise to 130.00 area is still possible after consolidation.

AUDUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:31 UTC
AUDUSD broke above 0.7938 resistance, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.7532 already. The pair is now in uptrend, further rise could be expected over the next several weeks, and next target would be at 0.8800 area. Support is at 0.7532, only break below ...

GBPUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:30 UTC
GBPUSD failed to break above 1.5551 resistance, indicating that the pair remains in downtrend from 1.7190 (Jul 15, 2014 high), and the rise from 1.4565 would possibly be consolidation of the downtrend. Further decline to test 1.4565 support is possible in a couple of weeks, a breakdown below this le ...

EURUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:29 UTC
EURUSD broke above 1.1052 resistance, indicating that lengthier consolidation for the downtrend from 1.3993 (May 8, 2014 high) is underway. Further rise to test 1.1533 key resistance is possible, as long as this level holds, the downtrend could be expected to resume, and one more fall towards 1.0000 ...

USDCAD Weekly Analysis - April 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 April 2015 09:27 UTC
USDCAD is now in downtrend from 1.2835. Further decline would likely be seen over the next several weeks, and next target would be at 1.1500 area. Resistance is at 1.2450, only break above this level could trigger another rise towards 1.3500.

USDJPY Weekly Analysis - April 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 April 2015 09:27 UTC
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Another fall to 115.00 area to complete the consolidation would likely be seen over the next several weeks. Key support is at 112.00, as long as this level holds, the sideways movement could be treated as consolidation ...

AUDUSD Weekly Analysis - April 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 April 2015 09:26 UTC
AUDUSD continued its sideways movement in a range between 0.7532 and 0.7938. Resistance is at 0.7938, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.7000 is still possible after cons ...

GBPUSD Weekly Analysis - April 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 April 2015 09:25 UTC
GBPUSD is facing the resistance of the price channel on daily chart, as long as the channel resistance holds, the rise from 1.4565 could be treated as consolidation of the downtrend from 1.7190 (Jul 15, 2014 high), another fall towards 1.4000 is still possible after consolidation. On the upside, a c ...

EURUSD Weekly Analysis - April 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 April 2015 09:25 UTC
EURUSD continued tis sideways movement in a range between 1.0462 and 1.1052. Near term resistance is at the top of the price channel on daily chart, followed by 1.1052. As long as 1.1052 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3993 (May 8, 20 ...

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