Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair initially fell during the course of January, but did get a little bit of a bounce once we hit the 1.50 level.

The USD/CAD pair broke higher during the course of January, and now is well above the 1.25 level at the time of writing.

The NZD/USD pair recently has broken below the 0.75 handle, and as a result looks as if it’s ready to continue falling. You have to keep in mind that the Royal Bank of New Zealand has recently even gone so far as to intervene in this pair, to drive down the value of the Kiwi dollar.

The EUR/USD pair initially tried to rally during the course of the day on Thursday, but as you can see struggled and turned back around to form a little bit of a shooting star.

The NZD/USD pair continued falling during the session on Thursday, even after the massive selloff during the Wednesday session.

The GBP/USD pair fell during the course of the session on Thursday, as we fell all the way down to test the 1.50 level yet again.

The USD/JPY pair which had previously been so bullish continues to consolidate as the 118 level seems to be a bit of a magnet at this point in time.

The EUR/GBP pair broke out to the upside during the session on Thursday, clearing the top of a couple of shooting stars.

Gold prices fell for a second day and settled at $1256.85 an ounce, losing $27.18, on growing perception the U.S. Federal Reserve is on course to raise interest rates as early as June.

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Check out the USD/JPY Forex signal for January 29, 2015 here.

Get the GBP/USD Forex signal for January 29, 2015 here.

Get the EUR/USD Forex signal for January 29, 2015 here.

Get the USD/CHF Forex signal for January 29, 2015 here.

The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but as you can see pullback from the 1.14 level.