GBPUSD Daily Analysis - September 1, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.3278. The rise from 1.3059 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 1.2900 area. Key resistance is at 1.3278, only break above this level could trigger another rise towards 1.3800.

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EURUSD Daily Analysis - September 1, 2016 Forex Analysis

EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123. Further decline is still possible after a minor consolidation, and next target would be at 1.1000 area. Resistance is at 1.1210, only break above this level will indicate that the downtrend had completed at 1.1123 already, then the following upward movement could bring price back to 1.1500 zone.

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USDCAD Daily Analysis - August 31, 2016 Forex Analysis

USDCAD's upward movement from 1.2763 extended to as high as 1.3112. Further rise could be expected after a minor consolidation, and next target would be at 1.3200 area. Support is at 1.3000, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - August 31, 2016 Forex Analysis

USDJPY's upward movement from 99.52 extended to as high as 103.22. Further rise is still possible over the next several days, and next target would be at 106.00 area. Support is at 101.70, only break below this level could trigger another fall to test 98.97 (Jun 24, 2016 low) support.

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AUDUSD Daily Analysis - August 31, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500. Further decline is still possible over the next several days, and next target would be at 0.7250 area. Near term resistance is at 0.7585, only break above this level could bring price back to test the resistance of the downward trend line on 4-hour chart.

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GBPUSD Daily Analysis - August 31, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.3278. Further decline could be expected in a couple of days, and next target would be at 1.2900 area. Resistance is at 1.3278, only break above this level could trigger another rise towards 1.3800.

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EURUSD Daily Analysis - August 31, 2016 Forex Analysis

EURUSD's downward movement from 1.1366 extended to as low as 1.1132. Resistance is at 1.1210, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1000 area. On the upside, a break of 1.1210 resistance will indicate that the downward movement had completed at 1.1132 already, then the following upward movement could bring price back to 1.1500 zone.

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USDCAD Daily Analysis - August 30, 2016 Forex Analysis

USDCAD is in uptrend from 1.2763. Further rise is still possible over the next several days, and next target would be at 1.3200 area. Support levels are at 1.2900 and 1.2830, only break below these levels could bring price back towards 1.2500.

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AUDUSD Daily Analysis - August 30, 2016 Forex Analysis

AUDUSD is in downtrend from 0.7755. Further decline could be expected in a couple of days, and next target would be at 0.7250 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could trigger another rise towards 0.8000.

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USDJPY Daily Analysis - August 29, 2016 Forex Analysis

USDJPY failed to break below 98.97 (Jun 24, 2016 low) support and rebounded strongly from 99.52, indicating that the downward movement from 107.48 had completed. Further rally could be expected in a couple of days, and next target would be at 106.00 area.

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GBPUSD Daily Analysis - August 29, 2016 Forex Analysis

GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3278 already. Further decline could be expected in a couple of days and next target would be at 1.2900 area.

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EURUSD Daily Analysis - August 29, 2016 Forex Analysis

EURUSD is in downtrend from 1.1366. Further decline could be expected over the next several days, and next target would be at 1.1000 area. Resistance is at 1.2270, only break above this level could trigger another rise towards 1.1500.

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