Forex Daily Forecast, Analysis and Prediction

EUR/USD had an interesting session on Wednesday as the market originally sold the Euro off and push the pair down to the 1.23 level. However, by the end of the day we saw a bit of a rally which formed a hammer.

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

The USD/CHF has been consolidating, not unlike its mirror twin the EUR/USD just above the 62 Day EMA at 0.9660 which also happens to be the 61.8% retracement level for all of July's price action.

EUR/JPY had a rally during the Tuesday session, as the Euro continues to enjoy a little bit of what I would consider to be simply a "relief rally."

The EUR/GBP pair had an interesting session as the markets simply didn't go anywhere. The only reason this matters to me is that we are reaching the very first vestiges of resistance.

EUR/USD attempted to rally during the Tuesday session, but was left wanting to say the least. The candle at the end of the day looks like a shooting star, and the only thing that looks like support at this point in time is the fact that the Monday session was a hammer.

Keep up to date on the EUR/USD pair following the signals that have been previously posted. Good luck.

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

After the RBA announced that it would leave the interest rate untouched at 3.5% the AUD/USD spiked to 1.0602, the highest it has been against the USD since March of this year, before pulling back and printing a Pin Bar Reversal on the 1 hour chart off of the Daily R1 at 1.0590.

EUR/GBP had a fairly quiet session by the time the close of Monday came. However, it doesn’t mean that there wasn’t some kind of action.

The AUD/USD pair had a fairly neutral session for the Monday trading day. This pair had recently smashed through a fairly resistive level in the form of the 1.05 handle, and the previous candles form last week that formed shooting stars had me think this pair was going to fall.

The EUR/USD pair fell for most of the session on Monday, essentially as a reaction to the explosive move on Friday. Certainly, with all of the controversy surrounding the European Union, the massive move in the Euro would have been thought to have been a little overdone.

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

Last week showed some good moves for a few pairs, and not such great moves for others. Included was the ECB meeting and nonfarm payroll. See what's in store for the majors this week and plan your trading accordingly.

For the second week in a row the USD/JPY Weekly chart printed a hammer style candle with long tails testing the waters below 78.50 but failing to close below the open and resulting in slightly bullish candles for each week.