Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair continued to tread water during the Friday session, stubbornly refusing to go down for any real length of time. We have seen this out of Europe before, and it does tend to frustrate those of us that understand the enormity of the problems on the continent.

The AUD/USD pair could be one of the more interesting charts as we enter the Monday trading session. Friday saw this pair selloff quite strongly, but he did in the day above the 1.04 handle, suggesting that there could be a bit of support in that general vicinity.

The GBP/USD pair had a pretty stellar day when you look at how it started. The fact that the pair tried to break down, and even broke down below the bottom of the three shooting stars only to turn around and bounce is extremely impressive.

EUR/USD had a bullish session on Thursday as the 1.2250 level has held as support again. The candle did not quite clear the top of the shooting star from the Tuesday, but the action was bullish enough that it essentially would mean the same thing.

The AUD/USD pair had a slightly bullish session on Thursday as the 1.05 level looks to hold as support again. We had formed a hammer on the Wednesday close, and this of course suggested that the 1.0450 level was going to hold as support as well.

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According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.

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USD/JPY is one of the most interesting Forex pairs to me right now. This is simply because we have a central bank, the Bank of Japan that is very active in this pair, and perhaps already intervening.

AUD/USD fell during much of the session as the "risk off" trade came back into play during the Wednesday session. However, by the end of the trading day we saw the Australian dollar bounce in order to form a hammer at the vicinity of 1.05 as a very positive sign.

The EUR/USD pair fell during the session on Wednesday as the shooting star on Tuesday got triggered to the downside. The pair is currently drifting higher in what is known as a rising wedge formation, and this of course is rather bearish.

According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.

Yesterday the EUR/CAD pair made another attempt of breaking back above 1.2250 but was once again unsuccessful.

GBP/USD rose during the session on Tuesday, but just like Monday - it failed to hold above the 1.57 level and formed a shooting star. This is to shooting stars in a row, and under normal circumstances I would find this extremely bearish.

The USD/CAD pair had a relatively quiet day on Tuesday, as the markets simply have very little in the form of headlines to move on. Most of you will know that the Canadian dollar tends to follow the price of oil, and more specifically the light sweet crude markets.