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[sdotwewen]

EURUSD rebounds from 1.2884, suggesting that a cycle is being formed on daily chart. Further rise is expected to test 1.3392 key resistance next week. A break above this level will confirm the cycle bottom and indicate that the fall from 1.3738 has completed, and then the following uptrend will take price to 1.4100-1.4200 area.

For long term analysis, EURUSD is forming a sideways consolidation in a range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high), moving without trend in this range is expected in next several months.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD is testing 1.3392 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2884 level on daily chart, and then further rally could be seen to 1.3500-1.3600 area. If 1.3392 resistance holds, the following downtrend could take price back to 1.2500-1.2600 zone.

For long term analysis, EURUSD might be forming a cycle top at 1.3738 level on weekly chart. Key support is now at 1.2884 level, a break below this level will confirm the cycle top.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD broke above 1.3392 key resistance, suggesting that a cycle bottom had been formed at 1.2884 level on daily chart and the rise from 1.2884 is possibly be resumption of the uptrend from 1.2456. Further rise is expected to test 1.3738 previous high resistance next week, a break above this level will signal further rally to 1.4150-1.4200 area. Near term support is now at the rising trend line on daily chart, now at 1.3350, as long as the trend line support holds, the uptrend from 1.2884 will continue.

For long term analysis, EURUSD stays in a trading range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high). Rebound towards 1.4400-1.4500 area is expected in next several weeks.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

Being contained by 1.3738 previous high resistance, EURUSD pulls back from 1.3721, suggesting that a short term cycle top is being formed. Consolidation below 1.3738 level is expected in a couple of week and the pullback could be seen to 1.3200-1.3300 area. Key resistance is at 1.3738, above this level will indicate that the uptrend from 1.2884 has resumed and then further rally could be seen to 1.4150-1.4200 area.

For long term analysis, EURUSD stays in a trading range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high). Rebound towards 1.4400-1.4500 area is expected in next several weeks.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[pimaru]

O.K.Thanks for your information

[sdotwewen]

EURUSD remains in uptrend from 1.2884. Further rally is expected to 1.4150-1.4200 area next week. Initial support is at 1.3800, and followed by the rising trend line on daily chart now at 1.3590. As long as the pair stays above the trend line support, uptrend will continue.

For long term analysis, EURUSD stays in a trading range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high). Rebound towards 1.4400-1.4500 area is expected in next several weeks.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD stays above the rising trend line on daily chart and remains in uptrend form 1.2884. Further rally to towards 1.4500 is expected next week. Initial support remains at the rising trend line and key support is now at 1.3793, only fall below this level could take price back to1.3500 zone.

For long term analysis, EURUSD stays in a trading range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high). Rebound towards 1.4400-1.4500 area is expected.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD remains in uptrend from 1.2884. Range trading between 1.3793 and 1.4338 would more likely be seen next week. Initial support is at the rising trend line on daily chart now at 1.3915, below this level will signal deeper decline to test 1.3793 support. As the next cycle bottom is nearing, rebound could be expected before breaking below 1.3700 level. Key resistance is at 1.4338, above this level will indicate that the uptrend from 1.2884 has resumed, and then further rally is expected to 1.4600 zone.

For long term analysis, EURUSD stays in a trading range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high). Rebound towards 1.4400-1.4700 area is expected.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD is forming a cycle bottom at 1.3804 level on daily chart. Range trading between 1.3793 and 1.4338 is expected next week. Key resistance is at 1.4338, a break above this level will confirm the cycle bottom, and then further rally could be seen to 1.4600-1.4700 area. However, below 1.3793 key support will indicate that the uptrend from 1.2884 has completed at 1.4338 already, and the following pullback will take price to 1.3450-1.3500 area.

For long term analysis, EURUSD stays in a trading range between 1.2329 (Oct 28, 2008 low) and 1.4719 (Dec 18, 2008 high). Rebound towards 1.4400-1.4700 area is expected.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

USDCAD is moving to the next cycle top on daily chart. Further rebound to 1.1500 is still possible next week. However, the next cycle top is nearing, and the pair could be topping at 1.1448 level. Key support is now located at 1.1100, a break down below this level will confirm the cycle top, then the following downtrend will take price to 1.0000 zone.

For long term analysis, USDCAD has formed a cycle top at 1.3063 level on weekly and monthly chart. The pair is now in long term bearish movement. Further fall towards 1.0000 is expected in next several weeks.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD has formed a cycle top at 1.4338 level on daily chart. Further fall is now in favor and the next target would be at 1.3500 zone. Near term resistance is at the falling trend line on daily chart, and the key resistance is located at 1.4338, only break above this level will indicate that the uptrend from 1.2456 has resumed.

For long term analysis, EURUSD might be forming a cycle top at 1.4338 level on weekly chart. Further fall towards 1.2700 zone to reach the next cycle bottom would more likely be seen.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

No changed in our view, EURUSD has formed a cycle top at 1.4338 level on daily chart. Drop to test 1.3748 support is expected next week, a break down below this level will signal deeper decline to 1.3400 zone. Key resistance is at 1.4338, only break above this level will indicate that the uptrend from 1.2456 has resumed, then further rally could be seen to 1.4800-1.5000 area.

For long term analysis, EURUSD might be forming a cycle top at 1.4338 level on weekly chart. Key support is located at 1.3748, a break below this level will confirm the cycle top.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD traded in a range between 1.3748 and 1.4338. Further fall to test 1.3748 key support is possible next week, a break below this level will signal deeper decline towards 1.3500 zone. Near term resistance is at 1.4200 and key resistance is at 1.4338, only rise above 1.4338 previous high will signal further rally to 1.4800-1.5000 area.

For long term analysis, EURUSD might be forming a cycle top at 1.4338 level on weekly chart. Key support is located at 1.3748, a break below this level will confirm the cycle top.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD stays in a trading range between 1.3748 and 1.4338. Fall down to test 1.3748 key support is possible next week, a break below this level will signal deeper decline to 1.3500 zone. Near term resistance is at 1.4197, and key resistance is at 1.4338, only rise above this level will indicate that the uptrend from 1.2456 has resumed, then further rally could be seen to 1.4800-1.5000 area.

For long term analysis, EURUSD might be forming a cycle top at 1.4338 level on weekly chart. Key support is located at 1.3748, a break below this level will confirm the cycle top.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis

[sdotwewen]

EURUSD stays in a trading range between 1.3748 and 1.4338. Moving sideways without trend in the range is expected next week. Near term resistance is at 1.4197, and key resistance is at 1.4338, a break above 1.4338 level will suggest that the uptrend from 1.2456 has resumed, then further rally could be seen to 1.4800-1.5000 area. However, fall down to 1.3500 zone would more likely be seen after the sideways consolidation.

For long term analysis, EURUSD might be forming a cycle top at 1.4338 level on weekly chart. Key support is located at 1.3748, a break below this level will confirm the cycle top.

Forex Market Analysis - ForexCycle.com - Long Term Forex Analysis