USDCAD Daily Analysis - December 28, 2016 Forex Analysis

USDCAD's upward movement from 1.3080 extended to as high as 1.3580. Further rise is still possible after a minor consolidation, and next target would be at 1.3700 area. Support is at 1.3471, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis - December 28, 2016 Forex Analysis

USDJPY moved sideways in a narrow range between 116.54 and 118.66. As long as 116.54 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.18, and further rise to 120.00 area is still possible. Key support is at 114.73, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 28, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7524, the rise from 0.7159 is likely consolidation of the downtrend. Resistance is at 1.7280, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000 area. Only break above 0.7280 resistance could signal completion of the downtrend.

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GBPUSD Daily Analysis - December 28, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.2774, the rise from 1.2228 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 1.2000 area is still possible. Key resistance is at 1.2500, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - December 28, 2016 Forex Analysis

EURUSD continued its sideways movement in a rang between 1.0352 and 1.0500. As long as 1.0500 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1299 (Nov 9 high) and another fall towards 1.0200 could be expected after consolidation. On the downside, a break of 1.0500 resistance will indicate that lengthier consolidation for the downtrend is needed, then further rally to 1.0700 area could be seen.

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USDCAD Daily Analysis - December 22, 2016 Forex Analysis

USDCAD continued its upward movement from 1.3080 and the rise extended to as high as 1.3446. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.3500 area. Key support is at 1.3280, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 22, 2016 Forex Analysis

AUDUSD's downward movement from 0.7524 extended to as low as 0.7219. Near term resistance is at 0.7280, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000 area. Key support is at 0.7330, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - December 22, 2016 Forex Analysis

EURUSD moved sideways in a trading range between 1.0352 and 1.0479. As long as 1.0500 resistance holds, the price action in the range could be treated as consolidation of the downtrend and further decline to 1.0200 area is still possible. Only break above 1.0500 resistance could signal completion of the downtrend.

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USDCAD Daily Analysis - December 21, 2016 Forex Analysis

USDCAD remains in uptrend from 1.3080, the price action from 1.3417 is likely consolidation of the uptrend. Support is at 1.3280, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.3500 area is possible.

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USDJPY Daily Analysis - December 21, 2016 Forex Analysis

USDJPY remains in uptrend from 101.18, the fall from 118.66 could be treated as consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area. Only break below 114.73 support could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 21, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7222. Resistance levels are at 0.7280 and 0.7360, as long as these levels hold, the downtrend could be expected to continue, and next target would be at 0.7000 area.

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GBPUSD Daily Analysis - December 21, 2016 Forex Analysis

GBPUSD's downward movement from 1.2774 extended to as low as 1.2312. Further decline could be expected after a minor consolidation and next target would be at 1.2250 area. Resistance is at 1.2500, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - December 21, 2016 Forex Analysis

EURUSD remains in downtrend from 1.0873, the price action from 1.0366 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.0200 area. Only break above 1.0500 resistance could signal completion of the downtrend.

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USDCAD Daily Analysis - December 19, 2016 Forex Analysis

USDCAD remains in uptrend from 1.3080, the fall from 1.3417 is likely consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.3500 area is possible.

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USDJPY Daily Analysis - December 19, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 118.66. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area. Only break below 114.73 support could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 19, 2016 Forex Analysis

AUDUSD broke below 0.7310 support, indicating that the downtrend from 0.7778 has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7200 area. Resistance is at 0.7380, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - December 19, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.2774, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2250 area. Resistance is at 1.2550, as long as this level holds, the downtrend will continue.

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EURUSD Daily Analysis - December 19, 2016 Forex Analysis

EURUSD's downward movement from 1.0873 extended to as low as 1.0366. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance levels are at 1.0550 and 1.0669, as long as these levels hold, the downtrend will continue.

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USDCAD Daily Analysis - December 16, 2016 Forex Analysis

USDCAD is in uptrend from 1.3080, the fall from 1.3417 could be treated as consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend will continue, and next target would be at 1.3500 area.

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USDJPY Daily Analysis - December 16, 2016 Forex Analysis

USDJPY remains in uptrend from 101.18. As long as 114.73 support holds, the uptrend could be expected to continue, and next target would be at 120.00 area. Only break below 114.73 support could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 16, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7337. Further decline to test 0.7310 support is possible, a break below this level will signal resumption of the longer term downtrend from 0.7778, then next target would be at 0.7200 area. Resistance is at 0.7450, only break above this level could trigger another rise to 0.7600 zone.

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GBPUSD Daily Analysis - December 16, 2016 Forex Analysis

GBPUSD's downward movement from 1.2774 extended to as low as 1.2376. Further decline could be expected and next target would be at 1.2250 area. Resistance is at 1.2550, as long as this level holds, the downtrend will continue.

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EURUSD Daily Analysis - December 16, 2016 Forex Analysis

EURUSD broke below 1.0462 (Mar 13, 2015 low) support, indicating that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed. Further decline could be expected and next target would be at 1.0200 area. Resistance levels are at 1.0550 and 1.0669, as long as these levels hold, the downtrend will continue.

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USDCAD Daily Analysis - December 15, 2016 Forex Analysis

USDCAD broke above the downward price channel on 4-hour chart, indicating that the downtrend from 1.3536 had competed at 1.3080 already. Further rally could be expected after a minor consolidation and next target would be at 1.3500 zone. Support is at 1.3200, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - December 15, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 117.85. Key support is now at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area. Only break below 114.73 support could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 15, 2016 Forex Analysis

AUDUSD's upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal resumption of the longer term downtrend from 0.7778, then next target would be at 0.7200 area. Resistance is at 0.7475, only break above this level could trigger another rise to 0.7600 zone.

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GBPUSD Daily Analysis - December 15, 2016 Forex Analysis

GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is at 1.2660, only break above this level could trigger another rise towards 1.2900.

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EURUSD Daily Analysis - December 15, 2016 Forex Analysis

EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break above this level could bring price back to 1.0950 zone.

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AUDUSD Daily Analysis - December 13, 2016 Forex Analysis

AUDUSD broke above 0.7508 resistance and continued its upward movement from 0.7369. Further rise could be expected and next target would be at 0.7600 area. Support level is at 0.7428, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - December 13, 2016 Forex Analysis

GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level will confirm that the uptrend had completed at 1.2774 already, then the following downward movement could bring price to 1.2000 zone.

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EURUSD Daily Analysis - December 13, 2016 Forex Analysis

EURUSD failed to break below 1.0505 support and rebounded to 1.0650 area. However another fall to test 1.0505 support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.1299, then next target would be at 1.0400 area. Resistance is at 1.0680, only break above this level could trigger another rise to 1.0950 zone.

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USDCAD Daily Analysis - December 12, 2016 Forex Analysis

USDCAD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.3536. Further decline could be expected and next target would be at 1.3000 area. Resistance is located at the top of the price channel, only a clear break above the channel resistance could signal completion of the downtrend.

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USDJPY Daily Analysis - December 12, 2016 Forex Analysis

USDJPY broke above 114.82 resistance and continued its upward movement from 101.18. Further rise could be expected over the next several days, and next target would be at 117.00 area. Support is now at 112.83, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 12, 2016 Forex Analysis

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.7369 had completed at 0.7508 already. The pair is now in downtrend, further decline could be expected and next target would be at 0.7350 area. Resistance is at 0.7480, only break above this level could trigger another rise to 07600 zone.

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GBPUSD Daily Analysis - December 12, 2016 Forex Analysis

GBPUSD broke below the bottom of the price channel on 4-hour chart, and is now in downtrend from 1.2774. Further decline would likely be seen in a couple of days, and next target would be at 1.2450 area. Resistance is at 1.2700, only break above this level could trigger another rise towards 1.2900.

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EURUSD Daily Analysis - December 12, 2016 Forex Analysis

EURUSD is in downtrend from 1.0873. Further decline would likely be seen after a minor consolidation and next target would be at 1.0400 area. Resistance is at 1.0680, only break above this level could trigger another rise to 1.0950 zone.

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USDCAD Daily Analysis - December 9, 2016 Forex Analysis

USDCAD's downward movement from 1.3588 extended to as low as 1.3183. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3355, only break above this level could signal completion of the downtrend.

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USDJPY Daily Analysis - December 9, 2016 Forex Analysis

USDJPY remains in uptrend from 101.18, the fall from 114.82 is likely consolidation of the uptrend. Support levels are at 112.83 and 111.35, as long as these levels hold, the uptrend could be expected to resume, and further rise to 118.00 area is still possible.

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AUDUSD Daily Analysis - December 9, 2016 Forex Analysis

AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend from 0.7369 could be expected to continue, and next target would be at 0.7600 area. However, a clear break below the trend line support will indicate that the uptrend had completed at 0.7508 already, then the following downward movement could bring price back to test 0.7310 support.

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GBPUSD Daily Analysis - December 9, 2016 Forex Analysis

GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 1.2302 had completed at 1.2774 already. Deeper decline could be expected in a couple of days, and next target would be at 1.2450 area. Resistance is at 1.2700, only break above this level could trigger another rise towards 1.2900.

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EURUSD Daily Analysis - December 9, 2016 Forex Analysis

EURUSD's upward movement from 1.0505 had completed at 1.0873 already. The pair is now in downtrend, deeper decline to test 1.0462 (Mar 13, 2015 low) support is possible. Near term resistance is at 1.0700, only break above this level could trigger another rise to 1.0950 zone.

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USDCAD Daily Analysis - December 8, 2016 Forex Analysis

USDCAD continued its downward movement from 1.3588 and the fall extended to as low as 1.3213. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3355, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis - December 8, 2016 Forex Analysis

AUDUSD broke above 0.7497 resistance, indicating that the uptrend from 0.7310 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.7600 zone. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.

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GBPUSD Daily Analysis - December 8, 2016 Forex Analysis

GBPUSD is facing the support of the upward price channel on 4-hour chart. As long as the channel support holds, the fall from 1.2774 could be treated as consolidation of the uptrend from 1.2302 and further rise to 1.2900 area is still possible. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 1.2774 already, then the following downward movement could bring price back to 1.2000 zone.

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AUDUSD Daily Analysis - December 7, 2016 Forex Analysis

AUDUSD failed to break above 0.7497 resistance. Another fall to test 0.7310 support would likely be seen in a couple of days, a breakdown below this level will confirm that the longer term downtrend from 0.7778 has resumed, then next target would be at 0.7200 area. On the upside, a break of 0.7497 resistance will indicate that the uptrend from 0.7310 has resumed, then the following upward movement could bring price to 0.7600 area.

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GBPUSD Daily Analysis - December 7, 2016 Forex Analysis

GBPUSD remains in uptrend from 1.2302, the fall from 1.2774 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and further rise to 1.2900 area is still possible. Only a clear break below the channel support could signal completion of the uptrend.

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EURUSD Daily Analysis - December 7, 2016 Forex Analysis

EURUSD remains in uptrend from 1.0505, the fall from 1.0796 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.0900 area. Support is at 1.0600, only break below this level could trigger another fall towards 1.0300.

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USDCAD Daily Analysis - December 6, 2016 Forex Analysis

USDCAD's downward movement from 1.3588 extended to as low as 1.3235. Further decline is still possible, and next target would be at 1.3100 area. Resistance levels are at 1.3360 and 1.3390, only break above these levels will signal completion of the downtrend.

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AUDUSD Daily Analysis - December 6, 2016 Forex Analysis

AUDUSD is facing 0.7497 resistance, a break of this level will indicate that the uptrend from 0.7310 has resumed, then next target would be at 0.7600 area. On the downside, as long as 0.7497 resistance holds, another fall to 0.7350 area is still possible.

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EURUSD Daily Analysis - December 6, 2016 Forex Analysis

EURUSD broke above 1.0689 resistance, indicating that the downtrend from 1.1299 is complete. Further rally could be expected in a couple of days, and next target would be at 1.0900 area. Support is at 1.0600, only break below this level could trigger another fall towards 1.0300.

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