Forex Daily Forecast, Analysis and Prediction

The Australian dollar had a negative session on Monday as traders sold off risk appetite for the session. However, this market has a substantial amount of support at the 1.05 level, and it did in fact hold.

The GBP/USD pair attempted to rally through the 1.57 level on Monday, but got swatted back down in order to form a shooting star.

EUR/USD continued that the upward pressure as the 1.2350 level was broken during the session. However Monday also saw half of the gains evaporate by the time the Americans went home.

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

See the recommendation for the USD/TRY pair with this Forex signal before the day is done.

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The start of the new week brings on some recommendations for some of the major pairs. See what our expert trader advises and make your moves carefully.

NZD/USD fell for most of the session on Friday as the “risk off” trade came back into play. However, as they normally do – the Americans picked up the risk as the Europeans went home for the weekend.

CHF/JPY isn’t a pair that a lot of people talk about, but I think that it is because they don’t understand that although both are “safe haven” currencies, they don’t have to move in tandem.

EUR/USD fell most of the session on Friday but managed a bit of a pop in the later hours as the Americans took control. This pattern has been repeated over and over – the Asians and Europeans sell the Euro, and the Americans are willing to buy it off of them.

USD/CAD fell during the session on Thursday to continue the remarkable downward pressure that this market has seen over the last several sessions. Remember, we have broken the bottom of a downtrend channel, and this suggests that momentum is certainly picking up for the sellers in this market.

GBP/NZD fell slightly during the session on Thursday, as it ran into resistance around the 1.93 level. The area was support recently, and as such it looks like it should continue to be resistance as typical technical analysis dictates.

EUR/USD fell during the session on Thursday, as we continue to pick away at the 1.23 level. The area is acting as support currently, and as such we see the real battle lines being drawn in this general vicinity.

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

The USD/CAD, or just plain old Loonie to us Canucks, has broken out of the descending channel it has been running in since the end of May.