Forex Daily Forecast, Analysis and Prediction

The USD/CHF, or Swissy as it is commonly known to traders, appears to have its sights set on the weekly Support/Resistance Level at 0.9300. The pair tested this level at the beginning of October reaching a high of 0.9314 that week.

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Beginning my analysis today for the EUR/JPY I begin with the daily timeframe.

I will begin my analysis for the EUR/GBP today looking at the daily timeframe.

The daily timeframe for the Swissy is looking very interesting to me.

As I begin my analysis for the EUR/USD today I begin with the daily timeframe and the first thing I notice is that price is riding the 5 ema downside.

Yesterday I published an analysis about the Loonie being stuck between 2 zones and needed to close above 1.025 .

Those of you that follow my analysis on a daily basis have probably noticed that analysis is based on multiple timeframes as well as multiple pivot points.

The GBP/USD pair is a bit of a mixed bag today. Sure it looks bearish to me and as weak as the EUR has been as of lately the GBP even weaker.

The EUR/JPY has been dropping all week and considering how weak the EUR is as of lately and the fact the JPY seems to be stronger than the USD.

The EUR/USD has been dropping for three straight days, I don't expect today to be any different.

The Swissy continues to keep climbing up and up but I think this up move will soon be deterred by a strong resistance area at .9314 .

The 1.35 level in the EUR/USD has been a sort of “line in the sand” for Euro bulls that continually come in at this level to support this pair. The pair keeps finding itself under serious pressure, but the 1.35 level continues to fight.

The Loonie is stuck between a rock & a hard place...so to speak. Price has tried to push through a weekly resistance zone at 1.025 .

See how one trader used today's Forex technical analysis to win big with binary options.