Forex Daily Forecast, Analysis and Prediction

The US dollar continues to strengthen against most currencies, and of course the Euro isn’t going to be any different.

The GBP/USD pair fell again during the session on Monday, as we had initially tried to rally. However, you can see that the area above the 1.5650 level of course offered quite a bit of bearish pressure, sending this market down towards the 1.5575 handle.

The USD/CAD pair initially fell during the session on Monday, but found buyers below in order to turn things back around and form a rather positive candle.

The AUD/USD pair showed weakness again on Monday, showing a continuation of selling pressure every time we rally.

The USD/JPY pair broke above the 120 level during the trading session on Monday, as it appears that we are ready to continue going much higher. The US stock indices all are at the highs, or essentially close enough to it in order for us to feel positive about this particular currency pair.

Get the USD/JPY Forex signal for December 23, 2014 here.

Get the GBP/USD Forex signal for December 23, 2014 here.

Check out the EUR/USD Forex signal for December 23, 2014 here.

Gold prices fell 1.5% yesterday, extending their losses to a second straight session, as the dollar rally eroded the appeal of the precious metal.

Check out the USD/JPY Forex signal for December 22, 2014 here.

Get the GBP/USD Forex signal for December 22, 2014 here.

Get the EUR/USD Forex signal for December 22, 2014 here.

The EUR/USD pair fell again during the session on Friday, as we made a fresh new low. This of course signifies that the sellers are coming back into the marketplace, and should continue to push the value of the Euro lower.

The USD/JPY pair initially fell during the course of the session on Friday, but as you can see we found enough support to turn things back around and form a hammer.

The EUR/CAD pair initially tried to rally during the course of the session on Friday, but as you can see turned back around above the 1.4250 level.