Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair has been one of my favorites for some time now. This pair looks like it’s ready to start a massive multi-year uptrend, and quite frankly the fundamentals seem to support that type of move, given enough time.

The AUD/USD pair try to rally during the session on Friday, but gave back most of the gains as the 0.90 level offered the kind of resistance that I suggested it could. The resulting candle is a shooting star, now appears that the downside is most certainly where we will more than likely be able to head.

The USD/MXN pair is one that a lot of you probably don’t trade. I feel this is unfortunate, simply because it is an easy pair to trade at times. Granted, the spread is a little bit high, and it’s not exactly a major pair, but at the end of the day the fundamentals are quite easily understood at times.

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

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

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

Begin the new year with the weekly Forex forecast for some of the major pairs here.

The XAU/USD pair started the first trading day of 2014 higher as the bulls managed to break through the 1213 resistance level. The pair traded as high as 1230.73 before pulling back to the 1222 level which is the top of the Ichimoku cloud on the 4-hour chart.

The WTI Crude Oil markets fell hard during the session on Thursday, reacting in part to the report that Libyan oil was about to go back online. This of course brings a lot more supply into the marketplace, and it should continue to drive prices a little bit lower in the meantime.

The EUR/USD pair fell during the session on Thursday, slamming into the 1.3650 area. This area is the top part of support as far as I can tell, extending down to the 1.36 handle.

The USD/JPY pair fell hard during the session on Thursday, but did bounce off of the 104.50 level in order to form a somewhat supportive looking candle. Quite frankly, we think this market is going to be bought every time it pulls back, and that the writing is on the wall so to speak, as the market should continue to go much, much higher.

The AUD/USD pair went back and forth during the session on Thursday, essentially tracing the consolidation area that we have seen recently. The illiquid conditions certainly would’ve helped that, and the fact is that I believe the markets are going to be almost impossible to trade for more than anything larger than a scalp at this point.

The GBP/CHF pair is one of my favorites. The reason of course is that it has such wild movement, and features two major currencies, which of course are relatively easy to follow.

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

The XAU/USD pair had scored a gain of 0.85% on Tuesday, the last trading day of 2013. However, gold prices fell 28% in 2013 and posted its first annual loss since 2000.