Forex Daily Forecast, Analysis and Prediction

Get the GBP/USD weekly Forex signal for December 1, 2014 here.

The EUR/USD pair went back and forth during the session on Friday, but as you can see really didn’t end up settling much by the time the market closed.

The USD/CAD pair charged higher during the session on Friday, as we continue to test the 1.14 region. Above there, it’s very likely that the market will struggle with the 1.15 level, but it’s probably only a matter of time before we break out.

The EUR/JPY pair fell initially during the session on Friday, but as you can see ended up bouncing and showing strength yet again. That being the case, the market looks like it’s ready to grind higher.

The AUD/USD pair initially tried to rally during the session on Friday, but turned back around and formed a shooting star. Whenever I see a shooting star at the bottom of a longer-term downtrend, that tells me that the buyers in that region tried to pick the pair back up, but could not do it.

The USD/JPY pair went a little bit higher during the session on Friday, as the buyers remain stubborn. This is a market that continues to offer buying opportunities again and again, and quite frankly it is a bit surprising that we have not had a decent pullbacks since breaking out of the 110 level.

The XAU/USD pair posted first weekly loss in three weeks as a strong rally in the U.S. dollar and waning inflationary pressure curbed demand for the precious metal.

The yearly North American Bitcoin Conference is gaining more and more prominence, thanks to a surge in registration. Participants have been working closely with the industry, investors and individuals who want to know more about the Bitcoin world.

U.K. politicians have raised concerns as to how social networks, led by Facebook Inc. (NASDAQ:FB) use information shared on their platforms by users.

Get the Forex forecast for the end of November 2014 here.

The EUR/USD pair has been in a massive downtrend for some time. However, during the entirety of November, we have seen quite a bit of consolidation near the 1.25 handle.

The NZD/USD pair has been grinding away sideways for some time now, as we bounced between the 0.77 level and the 0.80 level. With that, I believe that this market is simply taking a little bit of a rest after the significant sell off that we had seen previously.

The GBP/CHF pair has been consolidating for some time now, and I believe that will be the theme going forward. After all, at the bottom of the range is the all-important 1.50 handle, and that of course will attract a lot of big figure traders.

The USD/JPY pair has been astronomically parabolic recently, as the US dollar has just screamed higher in value.

The GBP/USD pair has been falling rather precipitously for some time now, but over the last couple of weeks we have seen the first hints of possible support.