Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair saw tremendous rally during the Friday session, as the markets embrace the riskier assets globally. The move was a bit surprising, but it should be kept in mind that the Australian dollar is somewhat of a proxy for the Chinese economy.

GBP/USD had an absolutely astonishing day on Friday as the market shot straight up. The candle even managed to close the very top of the daily range, and as such it looks like there is still some type of energy below it looking to push prices higher.

EUR/USD rose during the session on Friday, as the 1.22 level managed service support. The bounce will have caught some people by surprise, but it really isn't necessarily that shocking if you look at the charts over the last couple of weeks.

The Euro did not have a such a great week, but before you sign off for the weekend check out this free Forex signal and get the recommendation for the EUR/USD.

The GBP/USD pair fell during the Thursday session to break down below the 1.55 support level. The reason this is important is that it is the bottom of consolidation that we've seen during most of the summer.

EUR/CAD is a pair that I don't talk about very often. However, if you look at the Canadian dollar in general, you see strength. This makes sense as the oil markets have continued to be resilient in the face of a fairly strong selloff.

EUR/USD fell again during the Thursday session as one would expect, but the fact is that there was a bounce towards the closing and this suggests that we may see a bit of an awakening.

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

The GBP/USD attempted to break higher in yesterdays trading, topping out at 1.5577 and piercing the Weekly Pivot at 1.5553 The pair failed to reach the Monthly Pivot by only 5pips due to previous daily closes lining up as resistance at 1.5564.

EUR/GBP fell, and then bounced on Wednesday in order to form a hammer. The fact that this hammer has appeared at roughly the 0.79 level suggests to me that a bounce is coming.

AUD/USD managed to rally during the session on Wednesday as it ran to the 1.03 resistance area. This was an area that's all significant resistance last week, and in fact is also the top of the shooting star from last week on the weekly charts.

EUR/USD fell during the Wednesday session as the Euro continues to suffer at the hands of the financial markets. This pair is showing a real "risk off" attitude lately, and as such it should be a surprise that we had a fairly benign attempted to rally in the early hours.

The Euro weakened at the start of the new week against the US Dollar on heightened risk aversion in the market. The British Pound rose versus the US Dollar at the beginning of the week as well. Get the full updates on the major pairs here.

The Swiss Franc has slid lower against its counterpart the US Greenback, sending the daily chart higher. The Swiss currency slid another .78 cents bringing the pair to a new 13 month high at 0.98142 during the New York session yesterday.

The GBP/NZD pair is one that I love to trade. This is mainly because I love to trade the Kiwi dollar in general. However, it isn't one I write about often as many traders are nervous about trading this pair.