Forex Daily Forecast, Analysis and Prediction

The USD/CAD pair broke out to the upside yet again during the session on Friday, and broke above the 1.37 level.

What happened on Friday was a significant statement though. We broke above the trend line, the 2.10 level, and of course the top of the shooting star from the Wednesday session. In other words, the buyers got extraordinarily aggressive

Gold prices rose on Friday, breaking a two-session losing streak, as some investors sought safety from volatility in global equities.

Check out our newest trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of December 14, 2015 here.

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Stay up to date for the trading week ahead with our Forex forecast for major currency pairs for the week of December 14, 2015.

The EUR/USD pair fell during the course of the session on Thursday, as we reached towards the 1.10 level.

The NZD/JPY pair broke higher during the course of the day on Thursday, although did not explode to the upside showing massive bullish pressure.

The AUD/CHF pair had a positive session on Thursday, testing the 0.7250 level.

The USD/JPY pair fell a bit during the course of the session on Thursday, as we continue to see quite a bit of selling pressure.

The USD/NOK pair fell initially during the course of the session on Thursday, dropping down to the 8.60 handle.

Gold fell to its lowest level in five sessions on Friday, pressured by the dollar’s move higher and weakness in oil.

Get the NZD/USD Forex Signal for December 10, 2015.

Get the AUD/USD Forex Signal for December 10, 2015 here.

Get the USD/JPY Forex Signal for December 10, 2015 here.