Forex Daily Forecast, Analysis and Prediction

The USD/MXN pair fell initially during the course of the day on Friday, but found enough support near the 16.4 level to turn things back around and bounce.

The NZD/USD pair fell during the course of the session on Friday, testing the 0.6750 handle. This is an area that has previously been resistance, and now appears to be offering quite a bit of support.

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching.

Get the Forex forecast using quant vs. chart reading analysis for major pairs for the week of October 26, 2015 here.

Get the weekly Forex forecast for the week of October 26, 2015 featuring major currency pairs here.

During the session on Thursday, the USD/CAD pair initially tried to rally but found the area near the 1.3150 level to be far too resistive.

The USD/SGD pair initially tried to rally during the session on Thursday, but as you can see we ended up forming a shooting star for the day, as the Wednesday session also provided the same type of action.

The AUD/USD pair initially fell during the course of the session on Thursday, breaking below the 0.72 level. However, the market turned back around and bounced enough to form a bit of a hammer.

The European Central Bank announced during the day on Thursday that perhaps going deeper into stimulus was not completely out of the question.

Gold prices closed lower on Wednesday, erasing all of the previous day's gains, and settled at $1166.92 an ounce as the U.S. dollar continued to strengthen.

Check out the NZD/USD Forex signal for October 22, 2015 here.

Get the AUD/USD Forex signal for October 22, 2015 here.

Get the USD/JPY Forex signal for October 22, 2015 here.

Get the USD/CAD Forex signal for October 22, 2015 here.

Get the USD/CHF Forex signal for October 22, 2015 here.