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Long Term Forex Market Analysis


USDCAD Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:22 UTC
USDCAD remains in downtrend from 1.1278, the price action from 1.0857 is likely consolidation of the downtrend. Another rise to the upper line of the price channel on daily chart to complete the consolidation would likely be seen next week. Key resistance is at 1.1053, as long as this level holds, t ...

USDCHF Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:21 UTC
USDCHF is facing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 0.8699 could be treated as consolidation of the downtrend from 0.9751 (Jul 9, 2013 high), one more fall to 0.8300 area to complete the downward movement is still possib ...

USDJPY Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:20 UTC
USDJPY is testing 100.75 key support, as long as this level 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 area is still possible. However, a breakdown below 100.75 support will indicate that the uptrend fro ...

AUDUSD Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:19 UTC
AUDUSD moved sideways in a range between 0.9202 and 0.9461. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, one more rise to 0.9550 - 0.9600 area to complete the upward movement is still possible. However, a breakdown below ...

GBPUSD Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:18 UTC
GBPUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the uptrend from 1.4813 (Jul 9, 2013 low) could be expected to resume, and further rise to 1.7200 area is still possible. On the downside, a clear break below the channel support will signal compl ...

EURUSD Weekly Analysis - May 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 17 May 2014 14:17 UTC
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3892 is likely consolidation of the uptrend. Range trading between 1.3477 and 1.3993 would likely be seen over the next several weeks. Key support is at 1.3477, as long as this level holds, the uptrend from 1.2747 could ...

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 ...

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