Forex Daily Forecast, Analysis and Prediction

Check out the Forex signal for the USD/JPY pair here.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.

According to the analyses of the USD/CAD, trader profited on a binary options platform. See how here

After a long, strong uptrend that has been in force since last summer, the first month of 2014 has seen a pull-back develop into a bearish channel.

First things first: there is no doubt about it; we are in a strong uptrend. Anyone who has bought and held over the past months will have made or be sitting on some very nice profits. It is hard to trade this pair technically for short-term profit, so riding the trend has been the best strategy.

Gold lost ground against the American dollar and closed the day at $1256.54 an ounce. Recent price action shows that market players took a cautious stance and liquidated some of their positions ahead of the Federal Open Market Committee policy announcement.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the USD/JPY pair here.

Check out the Forex signal for the EUR/USD pair here.

According to the analyses of the USD/CAD and EUR/CAD, trader profited on a binary options platform. See how here

Check out the updates for signals posted throughout December 2013 and January 2014 here.

The XAU/USD pair tried to break through the 1278 resistance level yesterday but ran out of steam as investors used this opportunity to take profit ahead of the Federal Open Market Committee meeting.

The WTI Crude Oil markets fell during the session on Monday, reversing the recent strength that we have seen in this market. However, I still see a significant amount of support all the way down to the $93 level, which of course the $95 level itself being rather significant.

The EUR/USD pair went back and forth on Monday, essentially mirroring the action that we saw during Friday.