Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair had a fairly wild day on Wednesday as the markets went between a “risk off” attitude and a “risk on” one. The original fall is simply a continuation of all of the problems in Europe and the potential Chinese slowdown weighing on the Aussie in general.

The Japanese Yen is still holding its own against the US Dollar, possibly one of the few currencies this week that is. Although the Greenback has been attempting to break the descending trend-line on the daily chart, it has been unsuccessful over numerous attempts for the past 2 months.

According to DailyForex's analysis of the EUR/GBP and EUR/USD today, trader profited on a binary options platform.

The Singapore Dollar is popular today on DailyForex.com. See what this trader recommends for this pair with this free Forex signal.

Here is another Forex signal from our pro trader Fadi. See where this pair is headed using the Elliot Wave method.

Continue the week right with this free Forex EUR/USD Signal. It seems like the Euro is picking up! Get the analysis here.

How have the major pairs been doing? Find out in this mid week summary of some of your favorite Forex currencies.

The EUR/USD pair continues to show massive bearish pressure on Tuesday as the drama from Europe seemingly never stops. At the end of the session, the former Greek Prime Minister Mr. Papademos stated that there was a “real” risk of Greece leaving the European Union.

The EUR/GBP pair had a horrendous day on Tuesday. The Euro continues to be the punching bag for the markets, and this pair was weak enough to close on the very lows – never a healthy sign for the bulls.

The USD/JPY pair has pulled back a significant amount since the breakout a few months back. The original move looked very strong, and we saw the market hit as high as 84 before falling back down below the 80 handle.

Like most other common currencies in the Forex world today, the Singapore Dollar or USD/SGD has taken a step back against the rising greenback.

The EUR/USD pair had a bullish session on Monday as the bounce continued from the Friday short covering rally. The G8 meeting over the weekend produced the usual European reaction to the crisis, which is to simply agree to agree to talk about it later.

The Aussie dollar has been the punching bag of people like me for several sessions now. If you are someone that thinks the global economy is in more trouble that the leaders around the world are able to deal with, then selling the Aussie is an almost automatic reaction.

Have you ever heard of the ZAR? This pro trader tells you all about this exotic pair and where it is headed today.

Last week I wrote about a possible Bullish reversal at 0.9825, a long standing S/R zone going back to 2008. The pair did indeed turn Bullish at this level, but is it an actual trend reversal or simply a retracement before heading further south?