Forex Daily Forecast, Analysis and Prediction

Amazon.com, Inc. (NASDAQ:AMZN) has always been known as the company that changed the way people shopped.

The EUR/USD pair fell during the course of the day on Wednesday, breaking an uptrend line which for me triggers a bearish flag.

The NZD/USD pair broke lower during the session on Wednesday, breaking the bottom of a shooting star from Tuesday.

Get the USD/JPY Forex signal for October 23, 2014 here.

Get the EUR/USD Forex signal for October 23, 2014 here.

Amazon.com, Inc. (NASDAQ:AMZN) which has been in the news for all the wrong reasons as of late, was embroiled in even more controversy during the past couple of days.

The EUR/USD pair initially tried to rally during the course of the day on Tuesday, but as we have seen several times in the past, the 1.28 level offered quite a bit of resistance and send the market lower.

The USD/JPY pair initially fell during the session on Tuesday, but we found enough buyers below the 107 level to turn things back around and form a fairly positive looking candle.

The USD/CAD pair fell during the totality of the session on Tuesday, but found the 1.12 level to be supportive enough to turn things back around and bring buyers into the marketplace.

The NZD/CAD pair initially broke above the 0.90 handle during the session on Tuesday, but not significantly enough to keep those gains and it ended up turning around in forming a fairly bearish candle.

The EUR/NZD pair fell during the session on Tuesday, slamming into the 1.59 level. With that, it appears that the market is testing a large support region that could influence the longer-term move of this marketplace.

Get the USD/JPY Forex signal for October 22, 2014 here.

Check out the EUR/USD Forex signal for October 22, 2014 here.

Get the signal trading updates from the month of September 2014 here.

International Business Machines Corp. (NYSE:IBM) was one of the biggest decliners in trade yesterday on the back of a dismal set of quarterly numbers reported by the company.