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Long Term Forex Market Analysis


GBPUSD Weekly Analysis - May 31, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 31 May 2014 05:38 UTC
GBPUSD broke below the bottom of the price channel on daily chart, indicating that lengthier consolidation of the uptrend from 1.4813 (Jul 9, 2013 low) is underway. Deeper decline would likely be seen next week, and next target would be at 1.6600 area. On the upside, as long as 1.6465 key support ho ...

EURUSD Weekly Analysis - May 31, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 31 May 2014 05:37 UTC
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3892 could be treated as consolidation of the uptrend. Key support is at 1.3477, as long as this level holds, the uptrend could be expected to resume, and one more rise to 1.4500 area is still possible. On the downside, ...

USDCAD Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:04 UTC
USDCAD remains in downtrend from 1.1278, the rise from 1.0813 could be treated as consolidation of the downtrend. Key resistance is at 1.1053, as long as this level holds, the downtrend could be expected to resume, and next target would be at 1.0650 area. Support is at 1.0813, a breakdown below this ...

USDCHF Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:04 UTC
USDCHF is testing the resistance of the upward price channel on daily chart. A clear break above the upper line of the channel will indicate that the downtrend from 0.9751 (Jul 9, 2013 high) had completed at 0.8699 already, then further rise to 0.9200 area could be seen. On the downside, as long s t ...

USDJPY Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:03 UTC
USDJPY is testing 100.75 support, a breakdown below this level will signal completion of the uptrend from 93.79 (Jun 13, 2013 low), 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 from 105.44 would possibly be con ...

AUDUSD Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:03 UTC
AUDUSD is facing 0.9202 support, a breakdown below this level will signal completion of the uptrend from 0.8660, then the following downward movement could bring price back to 0.8500 area. On the upside, as long as 0.9202 support holds, the fall from 0.9461 could be treated as consolidation of the u ...

GBPUSD Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:02 UTC
GBPUSD stays in a upward price channel on daily 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. As long as the channel support holds, the uptrend could be expected to resume, and one more rise to 1.7200 area is still ...

EURUSD Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:02 UTC
EURUSD's fall from 1.3993 extended to as low as 1.3615. Deeper decline to test 1.3477 support is still possible, as long as this level holds, the price action from 1.3892 would possibly be consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one more rise to 1.4500 area to complete the upward ...

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 ...

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