Forex Daily Forecast, Analysis and Prediction

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The precious metals market enjoyed a volatile but profitable week for traders as gold ended the ended the week with a range of $38.70, and $9.50 higher for the week, closing Friday at $1666.75, a rise of 0.74% for the day.

Our expert trader starts the week off with a GBP/USD Signal. See how the trading week begins here!

The EUR/USD continued its rise in value on Friday as traders anticipated a possible workaround involving the creditors and Greek government. Also, the general “risk on” attitude came back into the markets, and this became a bit of an environment that favored a bounce in this very obviously oversold pair.

A couple of sessions back, I took a look at the AUD/JPY pair as one that could potentially be ready to make a move. Based upon a triangle that had been forming, the moving averages going sideways, and the pair pressing upwards against a Fibonacci 50% retrace level, I thought that perhaps the move was coming quickly, and it appears that it did in fact happen.

GBP/USD has been a very bearish pair for quite some time now. The last couple of months have seen unrelenting selling of the pair every time it has tried to rally, which makes the move during the last week so impressive.

The NZD/USD or Kiwi as most traders call it, has continued its Bullish ascent and closed above a daily zone on Friday at 0.8050. The pair fell as low as 0.7994 that day but closed much higher at 0.8062.

This weekly Forex forecast covers major currency pairs including EUR/USD, GBP/USD and more to give you a full look at this week's market opportunities.

Start your weekend right with a EUR/JPY signal by an expert trader!

The EUR/USD pair has continued to be the focus of the entire market it seems. Over the last few months, it seems that everything eventually goes back to bond auctions, and because of this all traders has had to suddenly become focused on bond auctions in such places as Greece, Portugal, Spain, and Italy.

AUD/USD continues to grind higher overall in the face of many economic headwinds. The move has been pretty impressive if you think about it as the Aussie is historically one of the first currencies to get whacked when bad news comes out.

USD/CAD has been an interesting pair lately. The oil markets always tend to have an effect on the value of the Canadian dollar, and as such this pair, along with the Norwegian Krone, (USD/NOK) will often move inversely to the price of oil.

A Professional trader used today's technical Forex analysis and profit on a binary options platform.

Use this EUR/JPY free Forex signal based on butterfly patterns to trade intelligently now.

Find out how the GBP/USD is doing based off last week's trading signal