Forex Daily Forecast, Analysis and Prediction

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

The EUR/USD pair fell during the session on Tuesday, but bounced in order to show signs of support at the 1.28 handle by the end of the session.

The EUR/JPY pair continued to grind away at the 103 level during the session on Tuesday in order to try and continue upward momentum.

The USD/CAD pair has been stuck between the 0.99 and parity levels recently, as this pair continues to consolidate. Get the full analysis here.

The markets have been in a holding pattern for the past 12 hours and heading into the Asian session most of the pairs are trading flat or sideways. What can we expect moving forward?

The flight to safety caused massive demand for CHF and artificially increased its value. See why the currency is stuck at DailyForex.com.

According to the analysis of the GBP/USD profited on a binary options platform.

The USD/JPY pair is without a doubt the most important pair in my opinion for the session today. This is because the US Presidential elections will be held, and this pair is without a doubt one of the most sensitive to the potential outcome.

The USD/CAD pair had a relatively back and forth session with a slight gain on Monday. As you can see by the chart, we hovered just below the 200 day exponential moving average, and are above the 0.99 support level.

The GBP/USD pair fell during the session on Monday as we peeked back down below the 1.60 level. Looking at this pair, you can see that has been quite a fight lately and it does seem to be centered on some type of support zone at the 1.60 level.

The GBP/AUD has broken a key support level only minutes after the RBA announced that the Cash Rate would remain unchanged at 3.25% instead of lowering it to 3.00% as expected.

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

The EUR/USD pair fell precipitously during the Friday session after the nonfarm payroll numbers out of the United States came in much stronger than expected.

The GBP/USD pair had a very weak session during the Friday trading hours, as would have been suggested by the shooting star that we had formed on Thursday.