Forex Daily Forecast, Analysis and Prediction

Check out this EUR/USD signal based on a head and shoulders formation and find your entry and target in the market now.

This EUR/USD signal is time sensitive, so check it out now!

The US stock markets gave us first signal yesterday for the pressure on the investors. The trading day started as usual, as the indices traded in a positive momentum but Bernanke's testifies caused sharp declines on the last hour of the day.

The candle for the session on Wednesday formed a bearish looking doji, and shows that perhaps we are starting to run into the top of the easy pips to be had. The market looks as if it wants to pullback, and certainly there is always going to be the potential for a headline shock to do just that.

The pair formed a shooting star for the Wednesday session after first poking through the 84 handle. The Monday session produced a hammer off of the 83 level to show support as well. Get the full analysis here.

The GBP/USD pair is an interesting one to me lately, as the pair is typically a risk sensitive one. The fact that it continues to attempt to get higher in value is interesting as well, as it has been fairly obvious that there is a real chance that the Bank of England will look into ways to execute further quantitative easing going forward as well.

The EUR/JPY pair came within 14 pips of the 6 month high shortly after the London Session opened. The pair then proceeded to reverse and fell 105 pips in the next 4 hours, closing below the Daily Pivot at 110.40 to a daily low of 109.87.

See the mid week summary of your favorite major pairs, get updates and learn where they may lead the rest of the week.

Wall Street closed the second trading day of the week in mixed territory, as the technology sector keeps pushing the NASDAQ higher. S&P 500 and Dow Jones closed on the red territory but finished on the day's high.

EUR/USD had a funky kind of day on Tuesday as the markets continue to try and figure out a catalyst for the next move. The initial move was to the downside, probably in reaction to the comments made by a BHP Billiton exec in Australia about how the Chinese demand for hard commodities was going soft.

The recent break of the massive weekly trend line and the 80 handle was the real breakout. The Bank of Japan is now purchasing more JGBs (Japanese Government Bonds) which essentially is the same thing as flooding the market with Yen.

The USD/CAD pair can be one of the trickiest pairs to trade in the Forex market. This often is because of the interconnected nature of both economies. The Canadian economy sends over 80% of its exports south of the border into America, and as a result it is very dependent on the US for its overall health.

This EUR/USD signal is especially time sensitive, so check it out while it's still valid.

The Swiss Franc is extending its gains on the American Greenback, but has hit a snag in the hours leading up to the London Open. Currently trading at 0.9087 the pair is stuck in between the Daily S1 at 0.90884 and Weekly S1 at 0.90855.

The Australian Dollar is showing strong gains against the USD after the GBP Consumer Price Indexes were released and the Swiss Industrial Production numbers reported 7.5% better than expected.