http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-02-11.htmlAUDUSD's uptrend from 0.9861 extended to as high as 1.0844, the subsequent pullback is treated as consolidation of the uptrend. Key support is at 1.0525, as long as this level holds, one more rise to 1.0900-1.1000 area is still possible next week. On the downside, a breakdown below 1.0525 will indicate that a cycle top has been formed at 1.0844 on daily chart, and the rise from 0.9861 has completed, then the following downward movement could bring price back to 1.0000 area. For long termSat, 11 Feb 2012 03:59:45 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-02-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-02-04.htmlUSDCHF had formed a cycle top at 0.9594 on daily chart, and is now in downtrend. Further fall would likely be seen next week, and the target would be at the lower border of the price channel. Resistance is at 0.9350, only break above this level could signal completion of the downward movement from 0.9594. For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.Sat, 04 Feb 2012 04:35:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-02-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-01-21.htmlUSDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed at 0.9594 already, then the following downward movement could bring price back to 0.8850 area. However, as long as 0.9244 support holds, the price action from 0.9594 could possibly be consolidation of uptrend, another rise towards 1.0000 is still possible. For long term analysis, USDCHFSat, 21 Jan 2012 03:49:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-01-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-01-14.htmlEURUSD's downward movement extended to as low as 1.2624. Resistance is at the upper line of the price channel on daily chart, as long as the channel resistance holds, downtrend could be expected to continue, and next target would be at 1.2500, only a clear break above the channel resistance could signal completion of the downtrend. For long term analysis, EURUSD is in downtrend from 1.4939 (May 4, 2011 high). Further decline towards 1.1500 area is expected over the next several months.Sat, 14 Jan 2012 10:08:17 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2012-01-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-12-31.htmlUSDCHF remains in uptrend from 0.8569, the price action from 0.9546 is treated as consolidation of uptrend. Another rise towards 1.0000 could be expected after consolidation, and a break above 0.9546 could signal resumption of uptrend. Key support is now at 0.9244, only break below this level could indicate that the rise from 0.8569 has completed at 0.9546 already, then the following downward movement could bring price back towards 0.8569. For long term analysis, USDCHF remains in uptrend fromSat, 31 Dec 2011 02:35:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-12-31.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-12-10.htmlGBPUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom is being formed at 1.5423. Key resistance is at 1.5779, a break above this level will signal completion of the downtrend from 1.6164, then the following upward move could bring price to 1.6500 zone. On the other side, as long as 1.5779 resistance holds, the rise from 1.5423 could be treated as consolidation of downtrend, one more fall to test 1.5272 support is still possible. For long termSat, 10 Dec 2011 10:06:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-12-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-12-03.htmlBeing supported by 1.3146 previous low, EURUSD rebounded from 1.3212. However, the bounce would possibly be consolidation of downtrend from 1.4246, one more fall to re-test 1.3146 support is still possible next week, a breakdown below this level will indicate that the longer term downtrend from 1.4939 (May 4 high) has resumed, then further fall could be seen to 1.1500 area. Key resistance is at 1.3600, only break above this level could indicate that the fall from 1.4246 is complete. For longSat, 03 Dec 2011 10:46:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-12-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-11-26.htmlGBPUSD's downward movement from 1.6164 extended to as low as 1.5423. Further fall to test 1.5272 key support could be seen next week, a breakdown below this level will signal resumption of downtrend from 1.6745, then the following bearish move could bring price to 1.4500 zone. Resistance is now at 1.5600, only break above this level could indicate that the fall from 1.6164 is complete. For long term analysis, GBPUSD had formed a cycle bottom at 1.5272 on weekly chart. Further rise towardsSat, 26 Nov 2011 09:12:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-11-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-11-12.htmlGBPUSD is in uptrend from 1.5272, the price action from 1.6164 is treated as consolidation of uptrend. As long as 1.5800 support holds, uptrend could be expected to resume, and another rise towards 1.6500 is still possible. On the downside, a breakdown below 1.5800 support will indicate that the uptrend from 1.5272 had completed at 1.6164 already, then the following downward move could bring price back to 1.5600 zone. For long term analysis, GBPUSD had formed a cycle bottom at 1.5272 on weeklySat, 12 Nov 2011 03:13:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-11-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-11-05.htmlGBPUSD remains in uptrend from 1.5272, the fall from 1.6164 could be treated as consolidation of uptrend. Support is at 1.5800, as long as this level holds, uptrend could be expected to resume, and another rise towards 1.6500 is still possible. Only break below 1.5800 could indicate that the rise from 1.5272 had completed at 1.6164 already, then the following downward move could bring price back to 1.5600 zone. For long term analysis, GBPUSD had formed a cycle bottom at 1.5272 on weekly chart.Sat, 05 Nov 2011 03:10:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-11-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-10-15.htmlGBPUSD broke above 1.5715 resistance, suggesting that a cycle bottom has been formed on daily chart, and the fall from 1.6617 has completed. Further rise is expected after consolidation and next target would be at 1.6100 zone. Key support is now at 1.5272, only break below this level could signal resumption of downtrend. For long term analysis, GBPUSD is forming a cycle bottom at 1.5272 on weekly chart. Another rise towards 1.7000 would likely be seen in next several weeks.Sat, 15 Oct 2011 02:20:52 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-10-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-10-08.htmlGBPUSD is in downtrend from 1.6617, the price action started from 1.5327 is treated as consolidation of downtrend. Initial resistance is at 1.5715, as long as this level hoods, we'd expect downtrend to resume in early part of next week, and another fall towards 1.5000 is possible, only break above 1.5715 could indicate that lengthier consolidation of downtrend is underway. For long term analysis, GBPUSD is in downtrend from 1.6745. Deeper decline to 1.4500-1.5000 area is expected in nextSat, 08 Oct 2011 09:25:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-10-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-10-01.htmlGBPUSD has formed a cycle bottom at 1.5327 on daily chart. The rise from 1.5327 is treated as consolidation of downtrend from 1.6617. Range trading between 1.5327 and 1.5800 would likely be seen next week. Downtrend could be expected to resume after consolidation, and a breakdown below 1.5327 will trigger another fall towards 1.4500. For long term analysis, GBPUSD is in downtrend from 1.6745. Deeper decline to 1.4500-1.5000 area is expected in next several months.Sat, 01 Oct 2011 08:16:21 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-10-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-06-11.htmlUSDCHF stays below a downtrend line from 0.9774 to 0.9339, and remains in downtrend. Further fall is still possible in a couple of weeks, and next target would be at 0.8000-0.8100 area. Resistance is at the downtrend line, only a clear break above the trend line resistance could indicate that the fall from 0.9774 is complete. For long term analysis, USDCHF is in downtrend from 1.1730, further decline to 0.8000 area to reach next cycle bottom on weekly is expected. Weekly Forex ForecastSat, 11 Jun 2011 02:55:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-06-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-06-04.htmlEURUSD's rise from 1.3969 extended to as high as 1.4642. As long as 1.4939 key resistance holds, the rise is treated as correction of downtrend from 1.4939, and another fall towards 1.3500 is still possible. However, a break above 1.4939 will indicate that the long term uptrend from 1.2874 (Jan 10 low) has resumed, then next target would be at 1.5500 area. For long term analysis, EURUSD had formed a cycle top at 1.4939 on weekly chart. Further fall towards 1.1500 is possible in next severalSat, 04 Jun 2011 02:28:03 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-06-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-05-14.htmlEURUSD's fall from 1.4939 extended to as low as 1.4067. The pair is now in downtrend. Deeper decline could be expected next week, and next target would be at 1.3800. Resistance is at 1.4350, only break above this level will indicate that minor consolidation of downtrend is underway, then the following upward move could bring price to 1.4500-1.4600 area. For long term analysis, EURUSD had formed a cycle top at 1.4939 on weekly chart. Further fall towards 1.1500 is possible in next severalSat, 14 May 2011 02:34:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-05-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-05-07.htmlUSDJPY stays below a downtrend line and remains in downtrend from 85.51. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 78.00-79.00 area. However, a clear break above the trend line resistance will indicate that a cycle bottom is being formed at 79.58 on daily chart, then the following upward move could bring price to 82.50-83.00 area. For long term analysis, USDJPY is in consolidation of long term downtrend from 124.16 (2007Sat, 07 May 2011 09:19:13 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-05-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-03-12.htmlGBPUSD traded in a range between 1.5962 and 1.6343 for several weeks. The price action in the range is treated as consolidation of uptrend from 1.5344. As long as 1.5962 key support holds, uptrend could be expected to resumed, and another rise towards 1.7000 is still possible after consolidation. However, a breakdown below 1.5962 key support will indicate that the rise from 1.5344 had completed at 1.6343 already, then the following downward move could bring price back to 1.5500 area. For longSat, 12 Mar 2011 03:12:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-03-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-01-15.htmlEURUSD bounced strongly from 1.2874, suggesting that a cycle bottom had been formed on daily chart. Now the pair is facing 1.3497 key resistance, as long as this level holds, the price action from 1.2969 is treated as consolidation of downtrend from 1.4281 and another fall towards 1.2000 is still possible. However, a break above 1.3497 will indicate that the fall from 1.4281 had completed at 1.2874 already, then the following upward move could bring price back towards 1.4281 previous high. ForSat, 15 Jan 2011 05:11:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2011-01-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-12-18.htmlEURUSD is forming a cycle top at 1.3497 level on daily chart. The fall from 1.3497 could possibly be resumption of downtrend from 1.4281. Deeper decline to test 1.2969 key support is expected next week, a breakdown below this level will confirm the cycle top, then another fall to 1.2500 area could be seen. Resistance is at 1.3497, only break above this level could indicate that lengthier consolidation of downtrend is underway. For long term analysis, EURUSD had formed a cycle top at 1.4281Sat, 18 Dec 2010 11:07:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-12-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-12-11.htmlUSDCHF may be forming a cycle bottom at 0.9725 level on daily chart. Further rise towards 1.0066 would likely be seen next week, a break above this level will confirm the cycle bottom and indicate that the uptrend from 0.9463 has resumed, then next target would be at 1.3500 area. Support is at 0.9725, only break below this level could trigger another fall to 0.9650 area. For long term analysis, USDCHF has formed a cycle bottom at 0.9463 level on weekly chart. Bounce to 1.1000 is expected inSat, 11 Dec 2010 03:38:23 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-12-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-12-04.htmlSat, 04 Dec 2010 04:39:39 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-12-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-11-27.htmlSat, 27 Nov 2010 03:45:59 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-11-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-11-20.htmlBeing supported by the rising trend line from 1.5296 to 1.5649, GBPUSD rebounded from 1.5839. Now the bounce from 1.5839 is likely resumption of uptrend from 1.5296. Further rise towards 1.6298 previous high is expected next week, a break above this level will confirm the resumption of uptrend, then next target would be at 1.6500 area. However, a break below 1.5839 will indicate that the uptrend from 1.5296 has completed at 1.6298 already, then the following downward move could bring priceSat, 20 Nov 2010 04:57:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-11-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-11-06.htmlUSDJPY stays below a falling trend line from 94.98 to 85.92, and moved sideways in a trading range between 80.30 and 81.98 for several weeks. The price action in the trading range is more likely consolidation of downtrend from 94.98. As long as the trend line resistance holds, downtrend is expected to continue and another fall towards 79.75 (1995 low) is still possible, only a clear break above the trend line resistance could indicate that the fall from 94.98 is complete. For long termSat, 06 Nov 2010 04:51:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-11-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-10-23.htmlAUDUSD broke below the rising price channel on daily chart, suggesting that a cycle top has been formed at 0.9998 level. Deeper decline to 0.9300 is expected in a couple of weeks. As long as 0.9300 level holds, the fall from 0.9998 is treated as consolidation of uptrend and one more rise to 1.1000 area is still possible. However, below 0.9300 level will indicate that the uptrend from 0.8066 has completed at 0.9998 already, then the following downward move could bring price back 0.8700 area.Sat, 23 Oct 2010 04:27:28 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-10-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-10-09.htmlAUDUSD remains in uptrend from 0.8771 and the rise extended to as high as 0.9916 level. Support is at 0.9540, as long as this level holds, uptrend is expected to continue and next target would be at 1.0100 area. Only break below 0.9540 could indicate that the rise from 0.8771 has completed, then the following pullback would bring price back towards the uptrend line on daily chart. For long term analysis, AUDUSD is in uptrend from 0.8066, further rise to 1.1000 area is still possible in nextSat, 09 Oct 2010 09:13:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-10-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-09-25.htmlUSDCAD's downward move from 1.0672 extended to as low as 1.0191. Key resistance is now at 1.0378, as long as this level holds, downtrend from 1.0672 is expected to continue and one more fall towards 1.0107 support is possible next week. On the other side, the pair may be forming a cycle bottom at 1.0191 level on daily chart, a break above 1.0378 key resistance will confirm the cycle bottom and indicate that the fall from 1.0672 has completed, then another rise to re-test 1.0676 resistanceSat, 25 Sep 2010 03:20:57 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-09-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-09-18.htmlAUDUSD broke above 0.9404 (2009 high). Further rise is still possible next week and next target would be at 0.9600 area. Support is at 0.9240, as long as this level holds, uptrend from 0.8771 could be expected to continue. However, a breakdown below 0.9240 level will indicate that a cycle top has been formed on daily chart, then pullback to the lower border of the rising price channel could be seen to follow. For long term analysis, AUDUSD has formed a cycle bottom at 0.8066 level on weeklySat, 18 Sep 2010 05:16:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-09-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-09-05.htmlGBPUSD remains in downtrend from 1.5997 and the fall extended to as low as 1.5326. Resistance is at 1.5597, as long as this level holds, downward move is expected to continue and next target would be at 1.5200 area. However, a break above 1.5597 will indicate that a cycle bottom has been formed on daily chart and the fall from 1.5997 has completed at 1.5326 already, then the following upward movement could bring price back to 1.5700-1.5800 area. For long term analysis, GBPUSD is in uptrendSun, 05 Sep 2010 02:39:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-09-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-08-21.htmlUSDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line resistance could confirm the cycle bottom, then the following upward movement could bring price to 87.00-88.00 area. Support is at 84.72, only break below this level could trigger another fall to 82.00 zone. For long term analysis, USDJPY has formed a cycle top at 94.98 level on weekly chart. Drop to 80.00 is still possible after consolidation.Sat, 21 Aug 2010 04:24:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-08-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-08-07.htmlUSDCHF's downward movement extended further to as low as 1.0331 level. However, the pair had lost momentum, move sideways in a range between 1.0250 and 1.0550 would more likely be seen in a couple of weeks. Key resistance is at 1.0675, a break above this level will indicate that a cycle bottom has been formed on daily chart and the fall from 1.1730 is complete, then the following upward movement could bring price to 1.1200-1.1300 area. For long term analysis, USDCHF formed a cycle top atSat, 07 Aug 2010 01:27:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-08-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-07-24.htmlEURUSD remains in uptrend from 1.1876 and the fall from 1.3028 is treated as consolidation of uptrend. Support is now at 1.2732, as long as this level holds, another rise to 1.3200-1.3300 is still possible next week, and a break above 1.3028 will signal resumption of uptrend. However, below 1.2732 will suggest that lengthier consolidation of uptrend is underway, then pullback toward the uptrend line from 1.1876 to 1.2150 is expected. For long term analysis, EURUSD formed a cycle bottom atSat, 24 Jul 2010 02:44:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-07-24.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-07-17.htmlGBPUSD broke above the falling price channel on daily chart and is facing 1.5522 key resistance. Minor consolidation would more likely be seen next week before breaking above this level and the trading range would be within 1.4940-1.5470. However, another rise towards 1.5522 key resistance is still possible after consolidation, and a break above this level will indicate that the long term downtrend from from 1.7042 has completed at 1.4230 already, then the following uptrend could bring priceSat, 17 Jul 2010 03:10:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-07-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-06-26.htmlUSDCAD has reached the falling trend line from 1.0852 to 1.0678. A clear break above the trend line resistance will indicate that the fall from 1.0852 has completed at 1.0138 already, then further rally could be seen to 1.0600-1.0700 area. However, as long as the trend line resistance holds, the bounce from 1.0138 is treated as consolidation of downtrend, one more fall towards 1.0100 is still possible. For long term analysis, USDCAD formed a cycle top at 1.0852 level on weekly chart. RangSat, 26 Jun 2010 02:17:19 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-06-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-06-19.htmlGBPUSD's bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price channel. Pullback would more likely be seen next week. Support is now at the lower boundary of the rising price channel now at 1.4425, a clear break below the channel support will indicate that the long term downtrend from 1.7042 (2009 high) has resumed, then another fall to 1.4000 could be seen. For long term analysis, GBPUSD is in bearish movement from 1.7042 (AugSat, 19 Jun 2010 10:30:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-06-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-06-05.htmlUSDJPY consolidated in a range between 88.14 and 94.98 for several months. Another rise towards 94.98 would more likely be seen in a couple of weeks, a break above this level will indicate that the uptrend from 84.82 has resumed, then next target would be at 100.00 area. Key support is at 88.14, a breakdown below this level will suggest that the fall from 94.98 is resumption of long term downtrend from 124.16 (2007 high), then deeper decline could be seen to 80.00 or even lower. For long termSat, 05 Jun 2010 00:51:43 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-06-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-05-29.htmlEURUSD remains in downtrend and the price action from 1.2144 is more likely consolidation of downtrend. Rang trading between 1.2144 and 1.2671 is expected to continue next week. Support is at 1.2144, a breakdown below this level will indicate that the downtrend from 1.5144 has resumed, then deeper decline could be seen to 1.1300 area. Resistance is at 1.2671, above this level could bring price back to test 1.3000 key resistance. For long term analysis, EURUSD broke below 1.2329 (Oct 28, 2008Sat, 29 May 2010 03:48:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-05-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-05-22.htmlAfter breaking below 1.2329 (Oct 28, 2008 low) previous low, EURUSD bounced from 1.2144, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.2144 and 1.3000 would more likely be seen in a couple of weeks. As long as 1.3000 resistance holds, we would expected downtrend from 1.5144 to resume and deeper decline could be seen to 1.1300 area. However, a break above 1.3000 resistance will indicate that the fall from 1.5144 has completed, then the following uptrendSat, 22 May 2010 02:12:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-05-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-05-16.htmlAUDUSD stays in a trading range between 0.8577 and 0.9404. Sideways movement in the range could be expected to continue in a couple of weeks. Now a cycle bottom is being formed at 0.8715 level on daily chart. Key resistance is at 0.9080, a break above this level will confirm the cycle bottom, then another rise to 0.9200-0.9250 could be seen. Support is at 0.8715, only fall below this level could trigger deeper decline to 0.8000-0.8200 area. For long term analysis, AUDUSD formed a cycle bottomSun, 16 May 2010 03:08:27 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/long-term-forex-analysis/2010-05-16.html