Forex Daily Forecast, Analysis and Prediction

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

AUD/USD has the potential to be one of the most interesting pairs in the near term. This is mainly because of its well known correlation to risk appetite around the world, and the obvious correlation with commodities on the whole as well.

Cable struggled again during the Wednesday session as the latest round of buying simply seems to be grinding to a halt at this point. The move lately has been to the upside, but when put into the context of the last couple of months, we aren’t even all the way back to the 38.2% retracement level form the fall yet.

The EUR/USD pair is obviously the focus of Forex traders these days. You simply cannot go to a financial website, forum, or channel without hearing the debt crisis in Europe being mentioned.

The Loonie has been losing its battle with the USA's Greenback all week after taking back some ground last week to the tune of 38.2%. The start of the trading week saw a roughly 40 pip bearish gap and then a 96 pip +/- move upwards in response.

This USD/CHF signal is brought to you by the Elliot Waves and Fibonacci level method. See which direction this pair is headed!

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

Do you trade the British Pound and Japanese Yen? Check out this signal using the support and resistance method.

Get the updates for the signals posted yesterday on DailyForex.com

EUR/GBP has been falling for some time, but recently has seen a bit of a bounce. The most recent action has been a bit of a grind higher, and as such it has taken a back seat in my order of preference as I prefer an easy and obvious trade.

USD/JPY has been a fairly quiet market lately, and for those that would take the time to understand the driving factors this wouldn’t be much of a surprise. The most important thing to think about in the market is the relationships of the central banks involved and the markets.

EUR/USD had a slightly positive day on Tuesday as the “risk on” trade came back into play. However, I found it very telling that the pair really couldn’t rise much in a session that saw whispers of Fed easing, sending the commodity markets, commodity currencies, and just about all risk assets rising over the course of the day.

The AUD/CAD has been forming a classic pennant formation on the daily chart suggesting that a bullish continuation is on the horizon. The pair has been bearish since January but shifted to a more bullish sentiment on May 23 and has since retraced roughly 38.2% since.

Check out this GBP/USD Forex signal based on Ichimoku Kinko Hyo and find your position in today's volatile market.