Forex Daily Forecast, Analysis and Prediction

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

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After establishing a new high for 2012 by 4.2 pips, the NZD/USD printed what is known as an 'Inside Bar' yesterday without making a new high, or breaking last Friday's low either.

XAU/USD bounced off of the 1686.40 level and printed a hammer on the daily chart. This level converges with the bottom line of a giant triangle which the pair has been forming since October.

The EUR/USD pair did very little during the session on Monday, but we should note that it has indeed broken out above the 1.3150 level, and this makes sense that we could see a larger move higher.

The EUR/JPY pair initially gapped as the markets opened for trading in Asia on Monday. Ironically, the highs for the session were put in just a few moments afterwards.

The USD/CAD pair initially tried to rally for the Monday session, but was left wanting as the 0.99 resistance level continues to be a bit too much for the buyers. Looking forward, this pair will be an interesting one follow because it is probably the one that is most likely affected by the so-called "fiscal cliff” talks in the United States.

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The EUR/CHF pair is expected to start trending upwards. Get your free Forex signal for this pair here.

Check out this free Forex signal for the XAU/USD pair and learn where it may be headed here.

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

XAU/USD tried to break through the previous week’s high (1723) on Wednesday but ran out of steam as investors used this opportunity to take profit. This level has been a significant resistance/support level since October and as a result it became an ideal level to realize profits.

The EUR/USD pair had yet another strong showing on Friday as we managed to close above the 1.3150 resistance level. Granted, we only broken by about 15 pips, but this does suggest that we are going higher in the long run.

The USD/JPY pair as we smash into the 84 handle. If you been paying attention to anything that I find out recently, you know that I think the 84 level is crucial in determining which direction this pair goes over the next several months, if not years.