USDCAD Daily Analysis - December 1, 2016 Forex Analysis

USDCAD's downward movement from 1.3588 extended to as low as 1.3356. Further decline is still possible, and next target would be at 1.3250 area. Resistance is at 1.3540, only break above this level could trigger another another rise towards 1.3800.

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USDJPY Daily Analysis - December 1, 2016 Forex Analysis

USDJPY broke above 113.89 resistance, indicating that the uptrend from 101.18 has resumed. Further rise could be expected, and next target would be at 118.00 area. Near term support is at 112.15, as long as this level holds, the uptrend will continue. Key support is at 111.35, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 1, 2016 Forex Analysis

AUDUSD's upward movement from 0.7310 had completed at 0.7497 already. The subsequent fall is likely resumption of the downtrend from 0.7778. Further decline to test 0.7310 is possible in a couple of days, a breakdown below this level will confirm that the downtrend has resumed, then next target would be at 0.7200 zone.

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GBPUSD Daily Analysis - December 1, 2016 Forex Analysis

GBPUSD's upward movement from 1.2302 extended to as high as 1.2540. Further rise is still possible and next target would be at 1.2600 area. Support is at 1.2400, a breakdown below this level will signal completion of the uptrend, then the following downward movement could bring price to 1.2000 area.

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EURUSD Daily Analysis - December 1, 2016 Forex Analysis

EURUSD is in consolidation of the downtrend from 1.1299. Range trading between 1.0518 and 1.0800 would likely be seen in a couple of days. Resistance is at 1.0800, as long as this level holds, the downtrend could be expected to resume, and another fall to test 1.0462 (Mar 13, 2015 low) support is still possible.

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AUDUSD Daily Analysis - November 29, 2016 Forex Analysis

AUDUSD's upward movement from 0.7310 extended to as high as 0.7497. Resistance is at 0.7550, as long as this level holds, the rise would possibly be correction of the downtrend from 0.7778, another fall to 0.7200 area is still possible after correction.

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GBPUSD Daily Analysis - November 29, 2016 Forex Analysis

GBPUSD's bounce from 1.2302 had completed at 1.2531 already. The subsequent fall is likely resumption of the downtrend from 1.2673. Further decline would likely be seen over the next several days, and the target would be at 1.2000 area.

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EURUSD Daily Analysis - November 29, 2016 Forex Analysis

EURUSD broke above 1.0657 resistance, indicating that the downtrend from 1.1299 had completed at 1.0518 already. Further rally is possible in a couple of days, and the target would be at 1.0800 area. Resistance is now at 1.0800, as long as this level holds, the downtrend could be expected to resume, and another fall to test 1.0462 (Mar 13, 2015 low) support is still possible.

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USDCAD Daily Analysis - November 28, 2016 Forex Analysis

USDCAD remains in downtrend from 1.3588, the rise from 1.3377 is likely consolidation of the downtrend. Another fall to 1.3250 area to complete the downward movement is possible.

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USDJPY Daily Analysis - November 28, 2016 Forex Analysis

USDJPY broke below the upward trend line on 4-hour chart, indicating that consolidation of the uptrend from 101.18 is underway. Range trading between 109.00 and 113.89 would likely be seen over the next several days. Support is at 109.00, as long as this level holds, the uptrend could be expected to resume, and further rise to 120.00 area is still possible after consolidation.

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AUDUSD Daily Analysis - November 28, 2016 Forex Analysis

AUDUSD broke above 0.7444 resistance, indicating that the downtrend from 0.7778 had completed at 0.7310 already. Range trading between 0.7310 and 0.7500 is possible over the next several days. Resistance is at 0.7500, as long as this level holds, the downtrend from 0.7778 could be expected to resume, and further decline to 0.7200 area is still possible.

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GBPUSD Daily Analysis - November 28, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.2673, the rise from 1.2302 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.2000 area.

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EURUSD Daily Analysis - November 28, 2016 Forex Analysis

EURUSD is facing 1.0657 resistance, a break of this level will indicate that the downward movement from 1.1299 had completed at 1.0518 already, then further rally to 1.0800 area could be seen. On the downside, as long as 1.0657 resistance holds, the rise from 1.0518 could be treated as consolidation of the downtrend, further decline to test 1.0462 (Mar 13, 2015 low) support is still possible.

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USDJPY Daily Analysis - November 25, 2016 Forex Analysis

USDJPY continued its upward movement from 101.18 and the rise extended to as high as 113.89. 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 116.00 area.

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AUDUSD Daily Analysis - November 25, 2016 Forex Analysis

AUDUSD broke above the downward price channel on 4-hour chart and is now facing 0.7441 resistance, a break of this level will indicate that the downward movement from 0.7778 had completed at 0.7310 already, then the following upward movement could bring price to 0.7500 zone. On the downside, as long as 0.7441 resistance holds, the rise from 0.7310 could be treated as consolidation of the downtrend, and further decline to 0.7200 area is still possible.

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EURUSD Daily Analysis - November 25, 2016 Forex Analysis

EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. Further decline to test 1.0462 (Mar 13, 2015 low) support would likely be seen in a couple of days. Near term resistance is at the downtrend line, and the key resistance is at 1.0657, only break above this level will indicate that the downtrend had completed at 1.0518 already, then the following upward movement could bring price back to 1.0800 zone.

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USDJPY Daily Analysis - November 24, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 112.97. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support is at 110.00, as long as this level holds, the uptrend will continue.

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AUDUSD Daily Analysis - November 24, 2016 Forex Analysis

AUDUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 0.7778. As long as the channel resistance holds, the downtrend will be expected to continue, and next target would be at 0.7200 area. Key resistance is now at 0.7444, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - November 24, 2016 Forex Analysis

GBPUSD is now in uptrend from 1.2302. Further rise to test 1.2673 resistance would likely be seen in a couple of days, a break of this level will confirm that the longer term uptrend from 1.1946 (Oct 7 low) has resumed, then next target would be at 1.2800 zone.

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EURUSD Daily Analysis - November 24, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1299, and the fall extended to as low as 1.0526. As long as the downward trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible. Key resistance is at 1.0657, only break above this level could signal completion of the downtrend.

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USDCAD Daily Analysis - November 22, 2016 Forex Analysis

USDCAD's downward movement from 1.3588 extended to as low as 1.3386. Further decline could be expected in a couple of days, and next target would be at 1.3250 area.

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USDJPY Daily Analysis - November 22, 2016 Forex Analysis

USDJPY remains in uptrend from 101.18, the fall from 111.36 is likely consolidation of the uptrend. Key support is at 108.50, as long as this level holds, the uptrend could be expected to continue, and next target would be at 114.00 zone.

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AUDUSD Daily Analysis - November 22, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Range trading between 0.7310 and 0.7460 is possible in a couple of days. Resistance is located 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 0.7200 area is still possible. Only a clear break above the channel resistance could signal completion of the downtrend.

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GBPUSD Daily Analysis - November 22, 2016 Forex Analysis

GBPUSD's downward movement from 1.2673 had completed at 1.2302 already. Further rise to test 1.2673 resistance is possible in a couple of days, a break of this level will confirm that the uptrend from 1.1946 (Oct 7 low) has resumed, then next target would be at 1.2800 zone.

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EURUSD Daily Analysis - November 22, 2016 Forex Analysis

EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.1299 had completed at 1.0569 already, then further rally to 1.0800 area could be seen. On the downside, as long as the trend line resistance holds, the rise from 1.0569 could be treated as consolidation of the downtrend, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible.

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USDCAD Daily Analysis - November 21, 2016 Forex Analysis

USDCAD failed to break above 1.3588, indicating that the pair remains in downtrend from 1.3588. Deeper decline is possible, and the target would be at 1.3250 area. On the upside, a break of 1.3588 resistance will signal resumption of the uptrend from 1.3005, then the following upward movement could bring price to 1.3700 zone.

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USDJPY Daily Analysis - November 21, 2016 Forex Analysis

USDJPY stays above the upward trend line on 4-hour chart and remains in uptrend from 101.18. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 114.00 area. Key support is at 108.50, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - November 21, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7778, and the fall extended to as low as 0.7313. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7420, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis - November 21, 2016 Forex Analysis

GBPUSD broke below 1.2350 support, indicating that the uptrend from 1.2082 had completed at 1.2673 already. Deeper decline could be expected, and next target would be at 1.2050 area. Near term resistance is at 1.2510, only break above this level could trigger another rise towards 1.2700.

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EURUSD Daily Analysis - November 21, 2016 Forex Analysis

EURUSD's downward movement from 1.1299 extended to as low as 1.0569. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible. On the other side, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.0569 already, then the following upward movement could bring price back to 1.0800 zone.

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USDCAD Daily Analysis - November 18, 2016 Forex Analysis

USDCAD is facing 1.3588 resistance, a break of this level will indicate that the uptrend from 1.3005 has resumed, then next target would be at 1.3700 area. On the downside, as long as 1.3588 resistance holds, the rise from 1.3399 would possibly be correction of the downtrend from 1.3558, another fall to 1.3250 area is still possible.

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USDJPY Daily Analysis - November 18, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 110.68. Near term support is at 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 114.00 area.

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AUDUSD Daily Analysis - November 18, 2016 Forex Analysis

AUDUSD's downward movement extended to as low as 0.7381. Further decline could be expected, and next target would be at 0.7200 area. Resistance is at 0.7480, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - November 18, 2016 Forex Analysis

EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible. Only a clear break above the trend line resistance could signal completion of the downtrend.

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USDJPY Daily Analysis - November 17, 2016 Forex Analysis

USDJPY remains in uptrend from 101.18, the fall from 109.75 is likely consolidation of the uptrend. Range trading between 107.00 and 109.75 would likely be seen in a couple of days. Support is at 107.00, as long as this level holds, the uptrend could be expected to resume, and further rise to 114.00 area is still possible.

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AUDUSD Daily Analysis - November 17, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7778 and the fall extended to as low as 0.7460. Further decline is still possible after a minor consolidation, and next target would be at 0.7300 area. Resistance levels are at 0.7525 and 0.7590, as long as these levels hold, the downtrend will continue.

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EURUSD Daily Analysis - November 17, 2016 Forex Analysis

EURUSD's downward movement from 1.1299 extended to as low as 1.0666. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0820 and 1.0900, as long as these levels hold, the downtrend will continue.

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USDCAD Daily Analysis - November 16, 2016 Forex Analysis

USDCAD's upward movement from 1.3264 had completed at 1.3588 already. Further decline could be expected in a couple of days, and the target would be at 1.3250 area. Resistance level is at 1.3500, only break above this level could trigger another rise towards 1.3800.

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USDJPY Daily Analysis - November 16, 2016 Forex Analysis

USDJPY continued its upward movement from 101.18, and the rise extended to as high as 109.33. Further rise is is still possible after a minor consolidation, and next target would be at 110.00 area. Support levels are at 107.60 and 106.00, as long as these levels hold, the uptrend will continue.

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AUDUSD Daily Analysis - November 16, 2016 Forex Analysis

AUDUSD's downward movement from 0.7778 extended to as low as 0.7511. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Resistance is at 0.7620, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - November 16, 2016 Forex Analysis

GBPUSD is facing 1.2350 support, a breakdown below this level will indicate that the upward movement from 1.2082 had completed at 1.2673 already, then the following downward move could bring price to 1.2000 area. On the upside, as long as 1.2350 support holds, the fall from 1.2673 could be treated as consolidation of the uptrend, further rise 1.2800 area is still possible after consolidation.

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EURUSD Daily Analysis - November 16, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1299, the rise from 1.0709 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0840 and 1.0900, as long as these levels hold, the downtrend will continue.

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USDCAD Daily Analysis - November 15, 2016 Forex Analysis

USDCAD's upward movement from 1.3264 extended to as high as 1.3588. Further rise is still possible and next target would be at 1.3800 area. Support levels are at 1.3500 and 1.3460, as long as these levels hold, the uptrend will continue.

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USDJPY Daily Analysis - November 15, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 108.54. Further rise could be expected after a minor consolidation and next target would be at 110.00 area. Support levels are at 106.60 and 105.00, as long as these levels hold, the uptrend will continue.

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AUDUSD Daily Analysis - November 15, 2016 Forex Analysis

AUDUSD broke below 0.7557 support. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7650, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis - November 15, 2016 Forex Analysis

GBPUSD remains in uptrend from 1.2082, the fall from 1.2673 is likely consolidation of the uptrend. Near term 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 continue, and next target would be at 1.2800 area. Key support is at 1.2350, only break below this level will indicate that the uptrend had completed at 1.2673 already, then the following downward movement could bring price back to 1.2000 area.

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EURUSD Daily Analysis - November 15, 2016 Forex Analysis

EURUSD's downward movement from 1.1299 extended to as low as 1.0709. Further decline is still possible after a minor consolidation and next target would be at 1.0600 area. Resistance levels are at 1.0840 and 1.0900, as long as these levels hold, the downtrend will continue.

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USDCAD Daily Analysis - November 11, 2016 Forex Analysis

USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3525. Further rise could be expected over the next several days, and next target would be at 1.3600 area. Key support is now at 1.3264, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis - November 11, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 106.94. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at 104.90, as long as this level holds, the uptrend will continue.

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AUDUSD Daily Analysis - November 11, 2016 Forex Analysis

AUDUSD is facing 0.7557 support, a breakdown below this level will confirm that the uptrend from 0.7506 had completed at 0.7778 already, then the following downward movement could bring price to 0.7000 area.

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