Forex Daily Forecast, Analysis and Prediction

The EUR/USD continues to inflate trading accounts of those who have been shorting it and waiting for it to act “properly.” After all, it seems like just a week or two ago I and most of my trading friends simply couldn’t understand how this pair remained above the 1.30 level at all cost.

USD/CAD had a bullish session on Tuesday as the “risk off” trade continues. The commodity markets all took a beating as the Dollar reigns supreme. For all of the talk about the Dollar no longer being the safety trade, we are seeing yet another example of how this isn’t true.

The Kiwi dollar is one of my most favored ways to play the risk appetite of the markets on the whole. For example, when the stock markets around the world are happy and rising, this pair normally does quite well.

The USD seems to be picking up momentum against numerous pairs lately, including the Japanese Yen. See why here.

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Based on Christopher Lewis's analysis of the EUR/GBP and USD/CHF traders profited on a binary options platform.

Here is another signal for the USD/CHF pair using the Elliot Waves Method. Will you profit today? Find out here.

Learn all about the EUR/USD and where it is headed with this free Forex Signal.

The EUR/USD pair continues to be the one that everyone talks about, and the fact that the Greeks simply seem like they cannot find some way to find a consensus in government will continue to push people into the Dollar. The pair simply looks weak, and the recent downturn has been a long time coming.

This pair has been very resilient over the last several weeks as the markets continue to worry and fret over the various issues in both Europe and China. The possibility of a global contraction certainly hasn’t done much for the risk appetite out there, and under normal circumstances, we would see this pair fall.

EUR/GBP is a pair that a lot of traders I know ignore. It is truly too bad in my opinion as it is most certainly a match of two of the world’s major currencies. The pair is often overlooked in my estimation because of the fact that the average daily move is quite often only 30 or 40 pips.

The USD/CAD Daily Chart is, in my opinion a bit of a mess. Not anywhere near as bad as the EUR/CHF 1 Hour chart that resembles a seismograph detecting tremors in the earth, but still a mess.

Based on today's analysis of the GBP/JPY and AUD/USD traders profited on a binary options platform.

EUR/USD continued to grind lower on Friday as the pair still is the very center of the storm in the Forex world. The concerns are well known by now, but there seems to be a new headline that comes out every 24 or 48 hours that gives more weight to the bearish stance in this pair.

Want to know where your favorite major pairs are headed this week? Read the weekly forecast for EUR/USD and more!