Forex Daily Forecast, Analysis and Prediction

A foul forecast is set for the Euro's side of the EUR/USD, while a favorable forecast is set to aid the Dollar's recent diminishing strength in this pair's ongoing power struggle.

Over last couple of days the EUR/JPY has been trying to find direction. The support or the trendline will be broken soon, indicating the direction of the next move for the EUR/JPY.

Looking at the Aussie, we currently find the pair ranging after a prolonged uptrend. A probability of the AUD/USD pair making a trend after a break of either resistance or support is high.

No forecast variance to hang a limit order or hat onto, just a uptrend that is opposed to what each of the technicals are telling us, when we look into their windows.

Following a very positive labor report last week, the Australian Dollar enjoyed a strong rally. That stalled on Friday, with the AUD/USD staying in a very tight range, in relation to preceding days.

Lack of great news to guide the EUR/USD on the daily graph, has us turn to the technicals. Bollinger Bands,

Trader sentiment is forecast to favor America's only currency, the Dollar. That will aid in guiding the EUR/USD pair's path down.

The Euro has bounced off its lows, in a broad move, engulfing most of its pairs. This includes the EUR/GBP.

A rapid turnaround in the Canadian economy can be clearly seen by reflected in the price of Loonie. On countless occasions, economists and traders predict that parity is in the making between Canada and its bigger neighbor to the south.

Having explored the benefits of going high and low this week, the EUR/USD is still showing a range-bound aptitude.

After Reserve Bank of Australia left the interest rates at bay of 4.5%, the Aussie rose abruptly.

Every one of the EUR/USD technical windows is voting for a downward movement today also.

The USD/CAD price behavior creates a strong impression of the USD/CAD forming an extended and, possibly, a long-term bottom.

Nonostante il forte rialzo sopra la resistenza, rimane valida la posizione neutrale. Cercate per ribassi al momento verso la barriera di prezzo di 1.2388. Si e’ formato un ristretto range di scambi, situazione piatta. Posizioni di attesa con opportunità di vendita in target.

During the last month, the Swiss Franc made large advances against most of the other major currencies. No other Franc pair exemplifies it better than the EUR/CHF. Chances are that a sharp correction is about to take place.