Forex Daily Forecast, Analysis and Prediction

USDCAD bears overcome bulls position and are succesfully sliding further downside towards support barrier at 1.0205. Below this level, bears can extend their prior movement and reach new lows in a long a run. In order for bears to continue sliding downside, bullish trend line needs to be broken.

Each technical indicator being below it's centerline has a chance to enjoy enforcing it's desire in continuing the upward retracement that began late last week.  The lack of heavily weighted news being released today will allow this.

Price action showed comfort at 1.3350 level for the EUR/USD pair yesterday. Bollinger Bands, Full Stochastics, StochRSI and RSI are all screaming for a lift from the depths.

This Forex technical analysis piece analyzes the EUR/USD and NZD/USD major Forex pairs.

This Forex technical analysis piece presents the use in Fibonacci analysis on the GBP/USD pair.

The unemployment numbers will define the day for the EUR/USD.

Japanese CPI figures published this morning continued to point on subdued customer demand.

This Forex technical analysis piece analyzes the EUR/USD and USD/JPY major Forex pairs.

This Forex technical analysis piece analyzes the EUR/USD and GBP/USD major Forex pairs.

NZD/USD narrow trading range between support and resistance continues.

This Forex technical analysis piece about EUR/USD pair combines the Forex technical analysis with the Forex news items.

The heaviest news item for the EUR/USD pair will aid the four technicals this chart enjoys in their upward retracement effort.

Bears have initiated downtrend movement after a breakout and M pattern formation, bears did manage to breakout at support barrier 1.3656.

USDJPY bulls have formed a double top by lower resistance barrier at 90.66. Lower support barrier stays at 90.42 price level.

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