Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair has been a battlefield of sorts between the entire planet, and the Bank of Japan.

EUR/GBP has been in a bear market lately, as the Eurocentric issues continue to drag on. The Euro has suffered against almost all currencies over the last several months, and the Pound has been no different.

The USD/CHF has stopped once again on the support zone at 0.9125 and is being held in check by the Daily Moving Average to the upside at 0.9236 creating a trading box of 110 points give or take a few pips.

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The EUR/USD pair has been a real challenge for many traders lately, and the Tuesday session did very little to alleviate the back and forth nature that the pair has been trading in over the last several weeks.

USD/JPY continued to fall on Tuesday as traders bought the Yen overall in the currency markets.

USD/CHF has suffered a significant pullback since reaching the 0.96 handle a little over a week ago.

The weekly changes in the Forex world - weekly summary.

The Aussie has been struggling to break and hold above resistance at 1.0630 and as such has basically been sideways as a result.

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EUR/USD fell on Monday as traders continue to ebb back and forth in their “risk appetite” as far as Europe goes.

GBP/USD has been on an absolute tear recently. The move has been parabolic by just about any definition, and the Federal Reserve promising ultra low interest rates until at least the end of 2014 has done nothing to get in the way.

AUD/USD has been bullish as of late, and with the Federal Reserve promising easy rates until the end of 2014, this trend is more than likely going to continue.