MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trade Recommendations » Long Term Trade Recommendations

[sdotwewen]

USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards 0.9900 is still possible in a couple of week. Key resistance is located at 1.0337, above this level will indicate that the fall from 1.1021 has completed at 1.0032 level already, then the following uptrend could bring price back to 1.0800 area.

For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.

[sdotwewen]

AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following pullback could take price to 0.8500 zone, however, a break below 0.8916 key support is needed to confirm such case. On the other side, as long as 0.8916 support holds, another rise towards 0.9500 is still possible.

For long term analysis, AUDUSD is in long term bullish movement. Further rise towards 0.9500 area to reach next cycle top on weekly chart is still possible in next several weeks.

[sdotwewen]

EURUSD dropped below the lower border of the rising price channel on daily chart. Range trading between 1.4626 and 1.5144 would more likely be seen next week. As long as 1.4626 support holds, the price action in the trading range may be treated as consolidation of uptrend from 1.3748, one more rise towards 1.5200-1.5250 area is still possible. However, a breakdown below 1.4626 key support will indicate that the rise from 1.3748 has completed at 1.5144 level already, then deeper decline could be seen to 1.4300 or even 1.4000.

For long term analysis, EURUSD remains in long term bullish movement from 1.2456, further rise is still possible to 1.5200-1.5500 area. However, next cycle top on weekly chart is nearing, a break below 1.4626 key support will indicate that a long term cycle top has been formed.

[sdotwewen]

EURUSD broke below 1.4626 key support, suggesting that the uptrend from 1.3748 has completed at 1.5144 level already. Further decline is now in favor and next targets would be at 1.4300 area. Resistance is at 1.4800, only rise above this level could signal minor consolidation of downtrend.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Pullback towards 1.4000-1.4300 area to reach next cycle bottom is expected in next several weeks.

[sdotwewen]

EURUSD continues its bearish movement and drops sharply to as low as 1.4261 level. Deeper decline is still in favor next week and next target would be at 1.4100 area. Resistance levels are at 1.4450 and 1.4550, as long as these levels hold, downtrend from 1.5144 could be expected to continue.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Pullback towards 1.4000 area to reach next cycle bottom is expected in next several weeks.

[sdotwewen]

EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds, another fall could still be seen and next target would be at 1.4000-1.4050 area. However, above 1.4480 could indicate that a cycle bottom has been formed at 1.4218 and the fall from 1.5144 has completed, then the following uptrend could bring price back to 1.4600 or even higher.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Pullback towards 1.4000 area to reach next cycle bottom is expected in next several weeks.

[sdotwewen]

EURUSD traded in a narrow range between 1.4218 and 1.4457 for several days. As long as 1.4457 resistance holds, downtrend from 1.5144 could be expected to continue and another fall towards 1.4000 area is still possible. However, a break above 1.4457 key resistance could indicate that a cycle bottom has been formed at 1.4218 on daily chart, and the fall from 1.5144 has completed, then further rally could be seen to 1.4600 or even 1.4700.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Pullback towards 1.4000 area to reach next cycle bottom is expected in next several weeks.

[sdotwewen]

EURUSD broke above 1.4457 key resistance, suggesting that a cycle bottom has been formed on daily chart and the fall from 1.5144 has completed. Bounce to 1.4600 area to reach next cycle top is expected next week. Support level is located at 1.4218, only fall below this level will indicate that the downtrend from 1.5144 has resumed, then another fall could be seen to 1.4000 zone.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Pullback towards 1.4000 area to reach next cycle bottom is expected in next several weeks.

Long Term Forex Market Analysis

[sdotwewen]

EURUSD's downtrend form 1.5144 extended further to as low as 1.3861 level. Deeper decline is still possible next week and next target would be at 1.3500-1.3600 area. Resistance is at the falling trend line on daily chart. As long as the trend line resistance holds, downtrend could be expected to continue.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.3000 area to reach next cycle bottom is expected in next several weeks.

http://www.forexcycle.com/long-term-forex-analysis.html

[sdotwewen]

EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the falling trend line on daily chart, only a clear break above the trend line resistance could indicate that the fall from 1.5144 has completed.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.3000 area to reach next cycle bottom is expected in next several weeks.

http://www.forexcycle.com/long-term-forex-analysis.html

[sdotwewen]

EURUSD remains in downward movement from 1.5144 and the bounce from 1.3443 is more likely consolidation of downtrend. Range trading between 1.3443 and 1.3838 is expected next week. As long as 1.3838 resistance holds, another fall towards 1.3300-1.3400 area is possible. However, above 1.3838 key resistance will indicate that a cycle bottom has been formed at 1.3443 level on daily chart, and the fall from 1.5144 has completed.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.3000 area to reach next cycle bottom is possible in next several weeks.

Long Term Forex Market Analysis

[sdotwewen]

EURUSD is forming a cycle top at 1.3817 level on daily chart. Key support is located at 1.3435, a break below this level will confirm the cycle top and indicate that the long term downtrend from 1.5144 has resumed, then next target would be at 1.3000-1.3200 area. Resistance is at 1.3817, only rise above this level will suggest that the pair remains in lengthier consolidation of downtrend.

For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.3000 area to reach next cycle bottom is possible in next several weeks.

Long Term Forex Market Analysis