Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair broke higher during the course of the day on Monday, as we head towards the 120 level again. With fact, I feel that it is not until the market breaks above there that I am comfortable buying.

The GBP/USD pair initially rallied during the course of the day on Monday, but as you can see ran into quite a bit of resistance of the 1.50 handle.

The EUR/CAD pair tried to break above the 1.3750 level again during the Monday session, but failed as we fell rather hard.

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Get the USD/CAD Forex signal for April 6, 2015 here.

Get the USD/JPY Forex signal for April 6, 2015 here.

Gold opened with a gap up and traded as high as $1218.66 an ounce during the Asian session as last week's downbeat U.S. jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.

The EUR/USD pair had a strong move to the upside during the session on Friday and even slammed into the 1.10 level.

The USD/CHF pair fell hard during the session on Friday, as the Nonfarm Payroll numbers came out about half of what was anticipated for the month of March.

The USD/JPY pair initially tried to rally during the course of the day on Friday, but the 120 level offered enough resistance to turn the market back around.

The USD/CAD pair fell hard during the session on Friday after the jobs number in America came out have a strong is anticipated.

The AUD/USD pair tried to rally during the course of the session on Friday, but gave back most of the gains.

Get the Forex forecast for some of the major currency pairs for the week of April 6, 2015 here.

Get the Forex forecast learning about quant vs chart reading for the week of April 5, 2015 here.

The EUR/USD pair had a very strong session on Thursday, breaking the top of two hammers from earlier this week.